Category: Data
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Fed’s Daly: Bumpiness of inflation data so far this year has not inspired confidence
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Dollar slips off highs ahead of PCE data, euro sees some support By Investing.com
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Investing.com – The US dollar fell on Monday, holding on after rising to an eight-week high last week, while the euro rose despite weak German business sentiment. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at…
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Interest rate expectations for the Fed after Friday’s Flash PMI data
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Despite a strong US Purchasing Managers’ Index (PMI) release on Friday, the Fed’s money market bets were little changed. Federal interest rate forecasts Expectations in the data were for a decline of about 47 basis points by the end of the year, and expectations remained very close to that despite…
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USD/CAD edges higher after softer retail sales data and PPI. BOC cut odds rise
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USD/CAD 10 minutes The Bank of Canada’s July decision is shifting more decisively toward a rate cut after weak retail sales and PPI numbers today. The market now places a 73% chance of a successive cut. Retail sales matched estimates of +0.7% for April but the advance report for May…
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USDJPY moves back above 159.000 after the stronger S&P global PMI data
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USDJPY rose back to the upside and returned above the 159.00 level after stronger-than-expected flash data for the S&P Global Manufacturing and Services Index. The high price was traded up to 159.206. This brings it to 100 points below the 2024 high of 160.208. The highest level was back in…
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Dollar steady, sterling gains after UK inflation data By Investing.com
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Investing.com – The US dollar steadied on Wednesday after overnight losses, while the British pound rose after UK inflation returned to the Bank of England’s target for the first time in nearly three years. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the US currency against a basket…
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Dollar struggles for direction, sterling rises after data By Reuters
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Written by Ray Wee and Stefano Ribaudo (Reuters) – The dollar stabilized on Wednesday, as weak US economic data affected strengthening US bets on lowering interest rates, but political tensions in Europe provided some support by weakening the euro. Meanwhile, the pound rose after data showed that services inflation in…
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How has the BOE rates pricing changed after the inflation data today?
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Let’s just do a quick check of things based on current prices: August – 25 basis point rate cut: ~32% (previously ~46%) September – 25 basis points rate cut: ~80% (previously ~88%) Total interest rate cuts for the remainder of 2024: ~44 basis points (previously ~48 basis points) Prospects of…
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Sterling edges up after UK inflation data By Reuters
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(Reuters) – The pound sterling rose slightly against the euro and the dollar after data showed British inflation returned to the Bank of England’s 2% target level in May for the first time in nearly three years. The decline in annual consumer price inflation from April’s reading of 2.3% is…
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Stocks gain, US yields decline after retail sales data By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight session on Tuesday and U.S. Treasury yields fell after a lower-than-expected report on consumer spending, while investors digested comments from several Federal Reserve officials on interest rates. The US Commerce Department said…
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Constellation, Vistra, PSEG may grab nuclear data center supply deals, S&P says
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Allkindza/E+ via Getty Images Rising energy prices have created opportunities for nuclear operators to serve nearby data centers, S&P Global Ratings said in an analysis published Tuesday on UtilityDive.com, referring to Constellation Energy.Nasdaq: CEG), Scenery (New York Stock Exchange: FST) and public service Group of institutions (link) as companies Ready…
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London stocks open higher ahead of UK inflation data, cenbank decision By Reuters
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(Reuters) – London shares opened higher on Tuesday, as investors awaited key domestic inflation data and the Bank of England’s policy decision, while losses in… Ashtead Group (LON:) Gains capped. The leading stock rose 0.5% to 8,181.64 points by 7:06 GMT, while the average stock rose 0.6%. The index has…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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Futures pull back as investors await data, Fed comments
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(Reuters) – U.S. stock index futures were mixed in quiet trading on Monday as investors awaited new economic data and comments from Federal Reserve officials for more clarity on monetary policy. S&P 500 futures fell slightly after hitting several record highs the previous week, while the tech-heavy Nasdaq rose as…
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Oil prices fall on weaker US consumer demand, China data By Reuters
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Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) – Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world’s largest crude importer. Global futures for August delivery fell 29…
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EUR/GBP edges up, softer UK employment data not material for sterling By Investing.com
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Investing.com – The pair rose 0.2% on Tuesday. The move came after reports indicated a larger-than-expected decline in employment in the UK along with earnings numbers that were marginally lower than expected. “The Bank of England has warned that this could be indirectly affected by data issues affecting the labor…
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Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
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Investing.com – The US dollar fell on Wednesday, pulling back after hitting a four-week high overnight before the conclusion of the Federal Reserve’s latest policy meeting. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 104.775,…
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Asian stocks sink as rate jitters mount ahead of CPI data, Fed By Investing.com
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Investing.com — Asian stocks mostly fell on Wednesday on anticipation of more signals on inflation and the Federal Reserve, while reports of more US trade scrutiny against China also weighed on sentiment. Regional stocks received a few positive signals from record closing levels in the and , which were mainly…
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Dollars hands back gains ahead of inflation data, Fed meeting; By Investing.com
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Investing.com – The US dollar fell on Tuesday, retreating from a one-month high, as yields eased ahead of key US inflation data and the Federal Reserve’s latest meeting. At 04:15 EDT (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3%…