Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Australia Building Permits (YoY) climbed from previous 9% to 10.3% in August
Australia Building Permits (YoY) climbed from previous 9% to 10.3% in August
China NBS Manufacturing PMI meets forecasts (50.1) in September
China NBS Manufacturing PMI meets forecasts (50.1) in September
China NBS Non-Manufacturing PMI above expectations (49.3) in September: Actual (50.2)
China NBS Non-Manufacturing PMI above expectations (49.3) in September: Actual (50.2)
Australia Building Permits (MoM) came in at -6.1%, below expectations (-0.9%) in August
Australia Building Permits (MoM) came in at -6.1%, below expectations (-0.9%) in August
British Pound seems vulnerable near two-month low as USD bulls eye US PCE and GDP
The GBP/USD pair enters a bearish consolidation phase during the Asian session on Wednesday, trading just above a two-month low, around the 1.3200 mark, touched the previous day.
PBOC sets USD/CNY reference rate at 6.7351 vs. 6.7411 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7351 compared to the previous day's fix of 6.7411 and 6.7025 Reuters estimate.
WTI remains below $90.00 due to Middle East export recovery
West Texas Intermediate (WTI) oil price edges higher after registering nearly 4.5% losses in the previous day, trading around $88.50 per barrel during Asian hours on Wednesday. Crude oil prices eased as energy flows from the Middle East showed clear signs of improvement.
Euro softens below 1.1350 on Lagarde's dovish tilt, German Retail Sales data in focus
The EUR/USD pair declines to around 1.3335 during the early Asian trading hours on Wednesday. The Euro (EUR) softens against the US Dollar (USD) after European Central Bank (ECB) President Christine Lagarde's dovish tilt. Germany’s August Retail Sales data is due later on Wednesday.
Japan Large Retailer Sales declined to 1% in August from previous 1.4%
Japan Large Retailer Sales declined to 1% in August from previous 1.4%
Japan Retail Trade s.a (MoM) fell from previous 2.4% to -1.2% in August
Japan Retail Trade s.a (MoM) fell from previous 2.4% to -1.2% in August
Japan Industrial Production (YoY): -2.2% (August) vs previous 3.9%
Japan Industrial Production (YoY): -2.2% (August) vs previous 3.9%
Japan Industrial Production (MoM) below forecasts (1.7%) in August: Actual (-4.8%)
Japan Industrial Production (MoM) below forecasts (1.7%) in August: Actual (-4.8%)
Mediators push peace deal between US and Iran — FT
Mediators are making a renewed push to advance an agreement between the United States (US) and Iran, the Financial Times reported on Tuesday. This move came after US President Donald Trump said he had rejected an Iranian proposal to reopen the Strait of Hormuz and restart talks on ending the war.