There is a possibility of increased volatility in the forex market today because several central bank officials’ speeches are scheduled throughout the day. Traders will first keep an eye on RBA Governor Michele Bullock’s speech, as her comments may provide signals about the future interest rate outlook. In addition, Australia’s
ECB Update: ECB Executive Board member Isabel Schnabel, while talking about stablecoins, gave a warning that their rapid growth can create challenges for future financial stability. She said that just as money market funds face pressure during stress periods, in the same way stablecoins can also give rise to liquidity
Today, the biggest movement in the forex market was seen from Australia and New Zealand news. Australia’s CPI inflation data came weaker than expected, where CPI m/m remained only 0.4% against the 0.6% forecast and yearly CPIe below forecast. After this weak inflation data, expectations in the market have increased
Today in forex market AUD remained under pressure after weak employment data, while EUR PMI data remained mixed where manufacturing was somewhat strong but services were weak. Due to geopolitical tensions and Fed’s hawkish tone, USD and JPY received support, resulting in overall risk-off sentiment in the market. Gold and
Today’s economic calendar is quite important, especially for CAD and GBP currencies, because the market focus will remain on inflation and employment data. Canada’s CPI m/m data is expected at 0.7%, slightly lower than the previous 0.9%. This means the market is expecting inflation pressure to cool down slightly. However,
Today’s Economic Calendar: Market Calm, Focus on BOE Speeches and Key Data In today’s economic calendar, there are no major high-impact red or orange folder events, so the market may remain relatively calm and range-bound overall. However, traders will still keep an eye on some important medium-impact updates. New Zealand’s