In the European session, we don’t have much on the agenda other than a couple of low tier releases like the Eurozone current account data. In the American session, we have the US Housing Starts/Building Permits and the University of Michigan Consumer Sentiment report. The housing data continues to be largely ignored as the focus … Read more
There are just a couple to take note of on the day, as highlighted in bold. The dollar looked to be making strides yesterday before Fed governor Waller opened the can of worms on a suggestion to cut rates in July here. The greenback fell a little although Fed funds futures are still holding the … Read more
They now expect the BOE to deliver sequential rate cuts from November until March next year instead. And that will bring the bank rate to a terminal point of 3%. This of course follows the rate cut expected for next month first. This article was written by Justin Low at www.forexlive.com. fbs.mobi
I comprehensively covered Federal Reserve Governor Christopher Waller earlier: The Wall Street Journal have a report too, gated but in summary: Federal Reserve Governor Christopher Waller, seen as a potential successor to Chair Jerome Powell, delivered his strongest endorsement yet for a rate cut this month, aligning more closely with President Trump’s push for easier … Read more
The Wall Street Journal have a piece up on the data from Japan earleir. Data is here: The Journal is gated, but in brief: Japan’s core consumer inflation slowed to 3.3% year-over-year in June, down from 3.7% in May and in line with economist expectations. moderation was driven by a deceleration in energy prices, which … Read more
All three of the main inflation measures in Japan remain well above the 2% Bank of Japan target rate Headline CPI 3.3% y/y expected 3.3%, prior 3.5% Core CPI (this is excluding fresh food) 3.3% y/y expected 3.3%, prior 3.7% Core-core CPI (this is excluding fresh food and energy ) 3.4% y/y expected 3.3%, prior … Read more
Federal Reserve Governor Christopher Waller speech. Waller signalled support for a 25bp rate cut at the upcoming July meeting, citing increased downside risks to the economy and growing signs of labour market weakness. He warned against waiting for a sharper deterioration in employment before acting, arguing that delaying could require more aggressive policy moves later. … Read more
A U.S. federal judge ruled on Thursday that President Donald Trump’s dismissal of Federal Trade Commission member Rebecca Slaughter earlier this year was unlawful. District Judge Loren AliKhan stated that the Trump administration’s effort to remove Slaughter violated legal protections that limit the president’s ability to dismiss FTC commissioners. The White House and FTC have … Read more
European-Mediterranean Seismological Centre (EMSC) data on the quake: 2025-07-17 20:31:29 UTC 16:31:29 local time 24.2419 S | 69.6647 W 434 km W of Salta, Argentina 99 km ESE of Antofagasta, Chile 49 km deep Chile is the world’s largest copper producer This article was written by Eamonn Sheridan at www.forexlive.com. fbs.mobi
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
