Forex

Yesterday the economic data was light until the ECB meeting just before the US open. The ECB implemented a widely anticipated 25 basis point reduction in rates, reducing the…
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Yesterday started with the Australian GDP report for Q1, which was disappointing. Expectations were for the economic expansions to remain stable in Q1 at 0.2%, the same as in Q4…
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The European Central Bank’s decision today to cut its deposit rate from 4.0% to 3.75% is hugely significant, as it marks the first rate cut since September 2019. The ECB had…
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Yesterday the JOLTs job vacancies data for April continued to depict a bleak image of the labour market, falling to the lowest level in more than three years. Markets are…
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The reserves fell by $2 billion in that week, after rising by a total of $10.8 billion in the previous three weeksThe Reserve Bank of India (RBI) intervenes in the foreign…
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With the elections almost over and the results less than 10 days away, global…
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Japan will release its forex intervention data today, Friday, 31 May 2024. The Bank of Japan (on behalf of the Ministry of Finance) intervened on April 29 and May 2 to buy the…
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India's forex reserves jumped $4.549 billion to a new all-time high of $648.7…
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India’s forex reserves jumped $4.549 billion to a new all-time high of $648.7 billion for the week ended May 17, according to data released by the Reserve Bank of India.  …
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The Euro Stoxx 50 initially looked as if it was ready to pull back a bit during the trading session on Thursday but turned around to show signs of strength again.It looks as if…
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