ECB’s Rehn: Rates will still have to rise significantly

The euro is having itself a nice day, rising 30 pips to 1.0765 and near a session high. The markets are pricing a 76% chance of a 50 bps hike from the ECB on Feb 2. That’s dipped from earlier this week.

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Another day where the ebb and flow will dominate due to the quiet calendar

The yen and Swiss franc are weakening today but aside from that, the FX market is in a bit of a slumber. The market is waiting for tomorrow’s US CPI report and until there, there isn’t much to pass the time. There’s no economic data on the calendar today save.

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ForexLive European FX news wrap: Dollar steady, markets mixed

Headlines: Bonds are finding a bid today FAA reportedly facing computer outage, all flights across the US said to be grounded ECB’s Villeroy says will have to raise rates further in the coming months French economy probably grew slightly in Q4 – central bank US MBA mortgage applications w.e. 6.

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The Market is Showing Interest in Bonds

A brief overview of what’s going on: The 10-year Treasury yields decreased 6.2 basis points to a rate of 3.561% German bunds experienced a drop of 8.5 basis points to 2.216% Italian bonds saw a dip of 11.6 basis points to 4.095% It is possible to eliminate plagiarism by altering.

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Trade ideas thread – European session 11 January 2023

Well, Fed chair Powell’s anticipated remarks ended up being a non-event and now all eyes are focused on tomorrow’s US CPI data instead. That will make for a quiet period today with surely a lack of conviction across the board. The dollar remains in a tricky spot with EUR/USD and.

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Another quiet session beckons in Europe

The dollar is holding steady on the balance of things today, as major currencies remain largely unenthusiastic. Yesterday, markets paused to watch Fed chair Powell’s comments, but in the end he provided no major news. That allowed for stocks to recover some ground, as the S&P 500 rose 0.7% as.

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Uniqlo operator to boost annual pay in Japan by up to 40%

Nikkei (gated) with the report: Uniqlo operator Fast Retailing will increase annual pay for full-time employees in Japan by up to around 40% in March The plan affects around 8,400 people, both at Fast Retailing headquarters and at the company’s stores. As an example, starting monthly salaries will increase to.

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Japan senior MoF official says interest rates will not remain low indefinitely

Japan’s Ministry of Finance financial bureau head Saito with the remarks: Interest rates remain low but the current situation won’t last indefinitely JGB coupon rates will be decided based on prevailing market conditions Striving to extend duration of JGB yields by correcting massive issuance of short-term JGBs FY2020 — This.

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Forexlive Americas FX news wrap: The forex market has a quiet day as traders await CPI

What exactly is Services CPI ex Rent and Shelter doing? WTI crude futures settle at $75.12 BofA heatmap on FX drivers and directions for 2023 U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977% ECB’s Centeno: We are approaching the end of interest rate.

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They’re not coming back: Early retirement explain nearly the entire US participation gap

One of the puzzles of the post-pandemic economy was the persistent gap in the US labor force participation rate, which sits about 1.5 full percentage points below 2019 levels. A new Fed report explains the gap with early retirements spurred by the pandemic. “The increased retired share explains essentially all.

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US stocks trade higher in early NY trading

The thought was that the pre-market stocks were lower because of the fear from Fed Powell’s panel discussion (or so it seems). When the comment came out that he would not talk to monetary policy/economy, the fear turned to covering. The indices started to recover before the open and now.

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US dollar extends as the market counts down to Powell’s speech

The Fed chairman is speaking today at 9 am ET and the market is cautious. US equities sold off late yesterday and have continued lower in the premarket with S&P 500 futures down 15 points. The US dollar has also turned higher in the past hour and is trading at.

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