News

Fed’s Goolsbee: Inflation seems to have stalled

Federal Reserve Bank of Chicago President Austan Goolsbee spoke at the Chartered Financial Analyst Society of Indianapolis Annual Lunch on Thursday. He said that inflation seems to have stalled and that, for inflation, we've set a 2% target; 3% inflation is too high.

Source  Fxstreet1763665423

United States 4-Week Bill Auction: 3.89% vs previous 3.9%

Source  Fxstreet1763656359
Fed's Cook: US financial system is resilient

Federal Reserve (Fed) governor Lisa Cook said in remarks prepared for delivery at an event hosted by Georgetown University's business school on Thursday. She said that the US financial system is resilient and that she sees an increased likelihood of outsized asset price declines.

Source  Fxstreet1763655197

United States Kansas Fed Manufacturing Activity: 18 (November) vs 15

Source  Fxstreet1763654729

United States EIA Natural Gas Storage Change came in at -14B, below expectations (-12B) in November 14

Source  Fxstreet1763652601
Fed’s Hammack: Financial system is in good shape

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Federal Reserve Bank of Cleveland Financial Stability Conference on Thursday. She said that easing monetary policy now may encourage financial risk-taking.

Source  Fxstreet1763651184

Eurozone Consumer Confidence registered at -14.2, below expectations (-14) in November

Source  Fxstreet1763650837

United States Existing Home Sales (MoM) came in at 4.1M, above expectations (4.08M) in October

Source  Fxstreet1763650803

United States Existing Home Sales Change (MoM) dipped from previous 1.5% to 1.2% in October

Source  Fxstreet1763650800
US weekly Initial Jobless Claims decline to 220,000

There were 220,000 Initial Jobless Claims in the week ending November 15, a decrease of 8,000 from the previous week's level, the US Department of Labor (DOL) reported on Thursday.

Source  Fxstreet1763647043

Canada Employment Insurance Beneficiaries Change (MoM): -1.1% (September) vs previous 0.1%

Source  Fxstreet1763645573

United States Continuing Jobless Claims rose from previous 1.957M to 1.974M in November 7

Source  Fxstreet1763645516

United States Initial Jobless Claims 4-week average declined to 224.25K in November 14 from previous 237.5K

Source  Fxstreet1763645472

United States Initial Jobless Claims came in at 220K below forecasts (223K) in November 14

Source  Fxstreet1763645452

United States Average Hourly Earnings (YoY) above forecasts (3.7%) in September: Actual (3.8%)

Source  Fxstreet1763645449

United States U6 Underemployment Rate fell from previous 8.1% to 8% in September

Source  Fxstreet1763645438

United States Average Hourly Earnings (MoM) came in at 0.2% below forecasts (0.3%) in September

Source  Fxstreet1763645434

Canada Raw Material Price Index registered at 1.6% above expectations (0.6%) in October

Source  Fxstreet1763645428

Canada Industrial Product Price (MoM) came in at 1.5%, above forecasts (0.3%) in October

Source  Fxstreet1763645421

South Africa SARB Interest Rate Decision meets forecasts (6.75%)

Source  Fxstreet1763643921

Russia Central Bank Reserves $ climbed from previous $719.8B to $734.1B

Source  Fxstreet1763643633
USD/CNH holds mid-range amid policy stability – BBH

USD/CNH remains near the middle of its multi-month range as China keeps key loan rates and the 7-day reverse repo unchanged.

Source  Fxstreet1763634483

Spain 10-y Obligaciones Auction: 3.199% vs 3.111%

Source  Fxstreet1763632686
USD/CNH: Upward momentum might lead to USD testing 7.1220 – UOB Group

Slight increase in upward momentum could lead to US Dollar (USD) testing 7.1220. In the longer run, for the time being, USD is likely to trade between 7.1020 and 7.1285, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1763632568
Three NFP Jobs Reports and Fed Divisions Have Killed the Fed's Easing Game

TradingKey - Less than a month before the final Federal Reserve meeting of the year, the probability of 2025 interest rate cuts being curtailed from the six initially expected to just two is solidifyi

Source  Tradingkey1763631091
GBP: Budget risk premium to stay – ING

On Thursday, markets should hear from the opposing sides of the Bank of England's MPC spectrum as Catherine Mann (hawk) and Swati Dhingra (dove) are both scheduled to speak, ING's FX analyst Francesco Pesole notes.

Source  Fxstreet1763629975
ECB's Makhlouf: Comfortable with current interest rates

European Central Bank (ECB) Governing Council (GC) member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said on Thursday that the current monetary policy is appropriate and any adjustment is unlikely, unless there is a material change.

Source  Fxstreet1763629918

Greece Current Account (YoY) down to €-0.409B in September from previous €1.097B

Source  Fxstreet1763629199

Switzerland Imports (MoM) climbed from previous 19899M to 21032M in October

Source  Fxstreet1763622063

Switzerland Exports (MoM) climbed from previous 23972M to 25351M in October

Source  Fxstreet1763622052
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