Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Japanese Yen dips further despite hotter inflation, upbeat employment data
The Japanese Yen (JPY) edges lower for the fifth consecutive day against the US Dollar (USD) on Friday, despite hot Tokyo inflation numbers and an unexpected decline in the Unemployment Rate earlier in the day.
Japanese Yen: BoJ seen close to September rate hike – Commerzbank
Commerzbank’s Volkmar Baur says accelerating inflation in Tokyo has strengthened the case for a Bank of Japan (BoJ) rate hike in September. Markets are pricing an implied probability of around 84% for a move, while the BoJ has yet to give clear guidance on timing.
Turkey Trade Balance registered at -7.343B above expectations (-7.4B) in July
Turkey Trade Balance registered at -7.343B above expectations (-7.4B) in July
Turkey Economic Confidence Index up to 100.6 in July from previous 99.8
Turkey Economic Confidence Index up to 100.6 in July from previous 99.8
Spain Retail Sales (YoY): -0.3% (July) vs previous 0.5%
Spain Retail Sales (YoY): -0.3% (July) vs previous 0.5%
Spain Harmonized Index of Consumer Prices (YoY) came in at 4.5% below forecasts (4.6%) in August
Spain Harmonized Index of Consumer Prices (YoY) came in at 4.5% below forecasts (4.6%) in August
Spain Harmonized Index of Consumer Prices (MoM) came in at 0.6%, below expectations (0.8%) in August
Spain Harmonized Index of Consumer Prices (MoM) came in at 0.6%, below expectations (0.8%) in August
Spain Consumer Price Index (YoY) came in at 4.3%, above forecasts (4.2%) in August
Spain Consumer Price Index (YoY) came in at 4.3%, above forecasts (4.2%) in August
Spain Consumer Price Index (MoM) above expectations (0.6%) in August: Actual (0.7%)
Spain Consumer Price Index (MoM) above expectations (0.6%) in August: Actual (0.7%)
Switzerland KOF Leading Indicator registered at 106.7 above expectations (103.3) in July
Switzerland KOF Leading Indicator registered at 106.7 above expectations (103.3) in July
Austria Producer Price Index (MoM) climbed from previous 0.1% to 0.3% in July
Austria Producer Price Index (MoM) climbed from previous 0.1% to 0.3% in July
Austria Producer Price Index (YoY) climbed from previous 3.1% to 3.3% in July
Austria Producer Price Index (YoY) climbed from previous 3.1% to 3.3% in July
NZD/USD Price Forecast: Strengthens above 0.5950, with bullish technical backdrop
The NZD/USD pair gathers strength to around 0.5960 during the early European trading hours on Friday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on a hawkish tone from the Reserve Bank of New Zealand (RBNZ).Â