Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Norway Gross Domestic Product Growth increased to 0.7% in 2Q from previous 0.4%
Norway Gross Domestic Product Growth increased to 0.7% in 2Q from previous 0.4%
Norway Gross Domestic Product Growth Mainland below expectations (0.4%) in 2Q: Actual (0.3%)
Norway Gross Domestic Product Growth Mainland below expectations (0.4%) in 2Q: Actual (0.3%)
Germany GfK Consumer Confidence Survey came in at -26.6, above forecasts (-29.6) in September
Germany GfK Consumer Confidence Survey came in at -26.6, above forecasts (-29.6) in September
BoJ’s Himino says will balance economic data and inflation risks on rates
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Thursday that the central bank will reach decision on rates balancing need to gain information on economy, financial conditions, and acting in timely fashion to avoid being behind the curve on inflation.
Euro drifts higher above 1.1650 on hawkish ECB stance
The EUR/USD pair gains ground to near 1.1655 during the early European trading hours on Thursday. The Euro (EUR) strengthens against the Greenback on the hawkish stance of the European Central Bank (ECB). The US Initial Jobless Claims data is due on Thursday.
USD/JPY Price Forecast: Bulls await breakout above 50% Fibo. hurdle near 159.65
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday.
Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data.
British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh's speech
The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday.
EUR/JPY Price Forecast: Remains above 185.50 near moving averages
EUR/JPY gains ground after posting minor losses in the previous day, trading around 185.70 during the Asian hours on Thursday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias.
AUD/JPY Price Forecast: Gains ground to near 114.50, bullish tone prevails above 100-day SMA
The AUD/JPY cross trades in positive territory near 114.45 during the early European trading hours on Thursday.
New Zealand Dollar declines to near 0.5950 as US PCE data lift Fed rate hike bets
The NZD/USD pair trades with mild losses around 0.5950 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as US inflation data lifted expectations of a Federal Reserve (Fed) rate hike.
Australian Dollar holds strong due to RBA rate hike bets
AUD/USD extends its gains for the third successive day, trading around 0.7180 during the Asian hours on Thursday.
Canadian Dollar consolidates near weekly low as USD bulls seem hesitant
The USD/CAD pair is seen consolidating near the weekly high and trading around the 1.3875-1.3880 region during the Asian session on Thursday amid mixed fundamental cues.