Forex News

US PMI services slumps into contraction, growth outlook dims

US Manufacturing PMI rose from 51.2 to 51.6, an eight-month high. However, Services PMI dropped sharply from 52.9 to 49.7, marking a 25-month low.

Fri, 21 Feb 2025 09:57:16 -0500

Crude Oil Price Outlook – Crude Oil Continues to Drift

The crude oil markets look a bit negative in the early hours of Friday, as the market doesn't seem to have any real conviction one way or the other.

Fri, 21 Feb 2025 09:51:16 -0500

United States S&P Global Composite PMI dipped from previous 52.7 to 50.4 in February

United States S&P Global Composite PMI dipped from previous 52.7 to 50.4 in February

Fri, 21 Feb 2025 09:45:58 -0500

United States S&P Global Manufacturing PMI above expectations (51.5) in February: Actual (51.6)

United States S&P Global Manufacturing PMI above expectations (51.5) in February: Actual (51.6)

Fri, 21 Feb 2025 09:45:57 -0500

United States S&P Global Services PMI registered at 49.7, below expectations (53) in February

United States S&P Global Services PMI registered at 49.7, below expectations (53) in February

Fri, 21 Feb 2025 09:45:51 -0500

Canada: Retail Sales Jump in December, With Real Activity Reporting Its Strongest Month Since Mid-2022

In real terms, sales growth accelerated to 2.5% m/m, reflecting robust spending supported by the GST/HST tax break. This is the highest reading since June 2022.

Fri, 21 Feb 2025 09:27:31 -0500

UK economy readings underscore Bank of England's dilemma

A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain's economy is more at risk of a wave of job losses or a new period of persistently high inflation.

Fri, 21 Feb 2025 09:16:50 -0500

Exclusive: Russia could concede $300 billion in frozen assets as part of Ukraine war settlement, sources say

Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow's forces control, three sources told Reuters.

Fri, 21 Feb 2025 09:08:26 -0500

Euro Briefly Dips on Soft PMI, CAD Shrugs Off Robust Retail Sales

Trading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday's range. Loonie failed to react to significantly stronger-than-expected retail sales data.

Fri, 21 Feb 2025 09:07:45 -0500

Canada's retail sales surge in 2.5% mom Dec, but Jan set for pullback

Canada's retail sales jumped 2.5% mom to CAD 69.6B in December, far surpassing market expectations of 1.6% mom. Sales increased across all nine subsectors, with the strongest contributions from food and beverage retailers and motor vehicle and parts dealers.

Fri, 21 Feb 2025 08:47:38 -0500

India's RBI announces mega $10 billion FX swap to infuse rupee liquidity

The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits, the central bank said on Friday.

Fri, 21 Feb 2025 08:33:48 -0500

Canada Retail Sales ex Autos (MoM) came in at 2.7%, above forecasts (1.8%) in December

Canada Retail Sales ex Autos (MoM) came in at 2.7%, above forecasts (1.8%) in December

Fri, 21 Feb 2025 08:31:14 -0500

Canada Retail Sales (MoM) came in at 2.5%, above expectations (1.6%) in December

Canada Retail Sales (MoM) came in at 2.5%, above expectations (1.6%) in December

Fri, 21 Feb 2025 08:30:52 -0500

Natural Gas News: Market Braces for Volatility as Weather Shifts Impact Forecast

Natural gas futures edge higher as traders eye key levels. Warmer weather forecasts and tight supply keep market sentiment cautiously bullish.

Fri, 21 Feb 2025 08:27:25 -0500

Crude Oil –21.02.2025

Crude Oil remains under pressure towards 68.35. The market managed yesterday to re-test the resistance zone of 73.25-50 which is still intact on the chart.

Fri, 21 Feb 2025 08:21:03 -0500

GBP turns lower from 100-day/week MA signals in mid-1.26s – Scotiabank

UK Retail Sales rose a solid 2.1% in January, well ahead of expectations, after run of soft data in Q4, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Fri, 21 Feb 2025 08:05:51 -0500

EUR tops out in the low 1.05s again – Scotiabank

Preliminary Eurozone PMI data for February were mixed to slightly softer, weighing on the EUR somewhat in European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Fri, 21 Feb 2025 08:01:35 -0500

DXY: Short-covering lifts USD into weekend – Scotiabank

The US Dollar (USD) is trading higher on the day overall, with yesterday's big winner, the JPY, this morning's big loser after Japan's January headline CPI reflected the anticipated pick up to 4.0% Y/Y, Scotiabank's Chief FX Strategist Shaun Osborne notes.  

Fri, 21 Feb 2025 07:58:08 -0500

CAD: Pivot around 1.42 extends ahead of Retail Sales, Macklem – Scotiabank

The Canadian Dollar (CAD) is a very moderate loser on the day, down a little more than 0.1%. The CAD continues to track the broader trend in the USD and will likely continue to do so for now, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Fri, 21 Feb 2025 07:54:27 -0500

Brazil sees challenge to offset broader exemption in income tax reform

Brazil's finance minister said on Friday that the challenge of an upcoming income tax reform will not be exempting workers earning up to 5,000 reais ($876) per month, but rather offsetting such revenue loss by taxing those who currently do not pay the tax.

Fri, 21 Feb 2025 07:41:59 -0500

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