Forex Market

Consumers kicked off the new year feeling more optimistic about the US economy, according to preliminary results from the University of Michigan’s consumer survey. The consumer sentiment index rose to 64.6 in the first two weeks of January, rising 8% from the previous reading of 59.7 for December and coming …

Germany’s preliminary Gross Domestic Product (GDP) expanded by 1.9% on an annualized basis in 2022 when compared to the +1.8% market consensus and +2.6% previous, Statistisches Bundesamt Deutschland reported on Friday. Gross domestic product growth came in at 1.9 percent in all of 2022, compared with expectations of 1.8 percent growth …

European stocks rose on Friday, approaching their highest levels in nine months, supported by the rise in health care stocks and the unexpected growth of the British economy in November, as investors awaited the results of the operations of major US banks. The European STOXX 600 index rose 0.2% by …

Britain’s economy caught unexpectedly slight growth in November, after receiving a boost during the soccer World Cup from cafe and pub activity and video game sales, reducing the chances of it already falling into recession despite generally bleaker outlooks for 2023. Data from the Office for National Statistics on Friday …

Britain’s economy grew in November on an annual basis by 0.2%, compared to an expected growth of 0.3%. On a monthly basis, real GDP grew by 0.1% in November 2022, after it recorded a growth of 0.5% in October 2022. The services sector grew by 0.2% in November 2022, after …

China’s exports contracted sharply in December as global demand slowed, while imports also fell again as rising coronavirus infections and a sharply slumped real estate sector hit domestic demand, highlighting risks to the Asian giant’s economic recovery this year. Exports were one of the few bright spots in the world’s …

Almost all financial assets spent the first half of the trading day in a defensive stance, attempting to extend their previous consolidative efforts. Eventually, the release of the US CPI data had other arrangements and another say. Market ignored other positive news, but were there to support the optimism. The …

Fed’s Raphael Bostic said, early Friday, he would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation. He said that the signs of slowing wage increases “also positive”.Data showing inflation slowed in December “was really welcome news” that may allow the U.S. …

One lesson traders and investors are urged to learn is that the bond market is often almost correct; particularly two-year Treasury note. Its direction is of high consideration for those who are interested in knowing about the direction of the Federal Reserve’s actions.   US Treasury yields fell on Thursday …

Bank of England policymaker Catherine Mann said on Thursday that the underlying UK inflation dynamic looks pretty robust.”Households and firms see 4% inflation in the years ahead”, she said, adding that “you have a lot of different ways of looking at it. My reading is we’re not there yet”.Mann voted …