NZD/USD regains some positive traction on Tuesday amid a modest drop in the USD. Positive risk tone and lower US bond yields keep USD bulls on the back foot. The rise seems limited pending the US CPI on Tuesday and the FOMC on Wednesday. The NZD/USD receive new purchases on tuesday and go back up […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
The Swiss government foresees an economic slowdown in 2023, but not a recession
In its latest economic forecasts, the Swiss State Secretariat for the Economy (SECO) indicated on Tuesday that the government expects the country’s economic growth to slow down next year, but that it is unlikely to go into recession. Key comments Nevertheless, the energy situation in Europe is likely to remain tensewith gas and electricity prices […]
EUR/USD is trading higher in a known range around 1.0550 ahead of US CPI.
EUR/USD gains some positive traction on Tuesday amid a modest drop in the USD. A generally positive risk tone weighs on the safe-haven dollar and offers support. The rise seems limited ahead of the US CPI and crucial central bank meetings. The EUR/USD it attracts new buying on Tuesday and maintains its modest intraday gains […]
China plans $143bn package to boost domestic chips and compete with the US – Reuters
Citing three sources, Reuters reported on Tuesday that China plans to distribute more than 1 trillion yuan ($143 billion) as a support package to boost its domestic semiconductor industry. Additional comments “China plans to roll out a support package as soon as the first quarter of 2023, and for five years primarily as subsidies and […]
RBA: Pandemic policy of cheap business loans has failed
In a research paper published Tuesday, the Reserve Bank of Australia (RBA) claims its Term Financing Facility (TFF) has failed to boost corporate indebtedness. the central bank had introduced a cheap line of credit as part of its crisis response policy. Additional comments “The key objective of providing banks with three-year low-cost financing was achieved […]
UK: ILO unemployment rate rose to 3.7% in October, vs. 3.7% expected
The UK unemployment rate stood at 3.7% in October. The change in the number of job applicants was 30,500 in November. UK wages excluding bonuses rose 6.1% yoy in October versus 5.9% expected. According to the latest data released by the National Statistics Office (ONS) on Tuesday, the UK unemployment rate rose from 3.6% to […]
Japanese banks could lose $1.1 trillion in bonds if the BoJ changes course
Citing the latest data from the Association of Japanese Banks, Bloomberg reported on Tuesday that the country’s banks could suffer $1.1 trillion in losses on their government bonds if the Bank of Japan (BoJ) loosens its grip on 10-year bond yields. “Japan’s financial regulator is examining the vulnerability of lenders to a sudden drop in […]
USA: 5- and 10-year inflation expectations pick up ahead of CPI release
US inflation expectations based on the 10-year and 5-year implicit inflation rates measured by the Federal Reserve Bank of St. Louis (FRED) defy the recent dovish bias of the US Federal Reserve. (Fed), as well as bearish forecasts for the US Consumer Price Index (CPI). Inflation harbingers may have taken cues from Friday’s mixed data […]
Forex Today: Investors’ attention is focused on the US CPI.
This is what you need to know to trade today Tuesday December 13: Following Monday’s turmoil, financial markets remain cautious early Tuesday as attention turns to data from the Consumer Price Index (CPI) for November in the United States. The DXY dollar index remains below 105.00 and the 10-year US Treasury yield is trading sideways […]
Forex Asian session today: Waiting for US inflation and central banks
This is what you need to know to trade today Tuesday December 13: The American dollar started the week on the back foot but reversed course during the American session to end the day with mixed gains against his main rivals. Asian and European indices closed in the red, while Wall Street managed to post […]
