Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Japan Adjusted Merchandise Trade Balance fell from previous ¥-686B to ¥-840.6B in August
Japan Adjusted Merchandise Trade Balance fell from previous ¥-686B to ¥-840.6B in August
Japan Machinery Orders (MoM) registered at -3.7%, below expectations (-2.8%) in July
Japan Machinery Orders (MoM) registered at -3.7%, below expectations (-2.8%) in July
Japan Imports (YoY) came in at 28%, above forecasts (26.3%) in August
Japan Imports (YoY) came in at 28%, above forecasts (26.3%) in August
Japan Machinery Orders (YoY) came in at 11.2% below forecasts (15.3%) in July
Japan Machinery Orders (YoY) came in at 11.2% below forecasts (15.3%) in July
Japan Exports (YoY) registered at 19.3% above expectations (18.2%) in August
Japan Exports (YoY) registered at 19.3% above expectations (18.2%) in August
Gold declines below $4,300 as US yields climb, Fed rate decision looms
Gold price (XAU/USD) declines to near $4,285 during the early Asian session on Wednesday.
New Zealand Current Account (QoQ) came in at $-1.67B, above forecasts ($-2.57B) in 2Q
New Zealand Current Account (QoQ) came in at $-1.67B, above forecasts ($-2.57B) in 2Q
Australian Dollar softens as risk-off mood meets FOMC countdown
The Aussie Dollar loses 0.11% against the Greenback on Tuesday as risk appetite remains negative amid calls from AI company CEOs to slow development, while the FOMC monetary policy meeting looms. Expectations for a Fed rate hike undermine the AUD/USD, which trades at 0.7130.
New Zealand Current Account - GDP Ratio increased to -3.2% in 2Q from previous -3.6%
New Zealand Current Account - GDP Ratio increased to -3.2% in 2Q from previous -3.6%
The Euro edges lower as Frankfurt's hike takes effect the day Washington votes
EUR/USD closed Tuesday near 1.1540, down 0.1%. It fell on the day the European Central Bank (ECB) raised its deposit rate to 2.50% and in each of the three sessions since.
GBP/JPY Price Forecast: Rebounds above 207.00 as oversold risk eases
The GBP/JPY edges higher by about 0.29% on Tuesday, even as risk appetite has shifted to the sour side due to geopolitical developments that are driving global bond yields higher amid inflation fears. At the time of writing, the cross-pair trades at 209.02 after bouncing off daily lows of 208.25.
The Pound drifts lower as the Fed lines up a rate above the Bank of England's
GBP/USD closed Tuesday near 1.3470, down 0.2%. Wednesday's Asian and London hours are the last before the Fed is expected to raise its rate for the first time since July 2023. By the New York close its ceiling should sit a quarter-point above Bank Rate.
New Zealand Dollar slides ahead of Fed’s decision
NZD/USD trades close to the 0.5760s, extending a run of losses that has dragged it toward the lower end of its recent range. A broadly firmer US Dollar (USD) is behind the slide, with the greenback supported by climbing United States (US) yields and rate-hike expectations.