Forex Market News and Analysis

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Thu, 06 Mar 2025 09:09:41 GMT

ISM services PMI at 53.5

The U.S. services sector continued its expansion for the eighth consecutive month in February, with the Services PMI® registering 53.5%, up from 52.8% in January. This indicates ongoing growth since the recovery from the pandemic-induced recession began in June 2020. The Business Activity Index was at 54.4%, slightly down from 54.5% in January, but marking the 57th month of expansion.

Thu, 06 Mar 2025 06:30:03 GMT

Novo Nordisk cuts price on drugs

Novo Nordisk will sell its weight-loss drug Wegovy for $499/month to cash-paying patients, following Eli Lilly's price cuts for its obesity drug Zepbound.

Thu, 06 Mar 2025 03:30:03 GMT

Germany to invest half a trillion into economy

Germany's parties plan a 500 billion euro infrastructure fund and borrowing rule changes, sparking market optimism to boost the economy.

Wed, 05 Mar 2025 21:30:03 GMT

Adidas looks for higher profits

Adidas forecasts higher profits this year, expecting an operating profit of €1.7-1.8 billion, driven by strong sales of retro sneakers despite conservative guidance.

Wed, 05 Mar 2025 18:30:04 GMT

German bond yields spike

German bonds fell as investors braced for a €500 billion fund for defense and infrastructure. The euro rose 0.3%, boosted by expectations of economic growth.

Wed, 05 Mar 2025 15:30:03 GMT

Elon Musk's court request denied

A U.S. court denied Elon Musk's request to block Open AI's shift to a for-profit model, ruling he didn't meet the high burden for a preliminary injunction.

Wed, 05 Mar 2025 12:30:04 GMT

EU plans for bigger spending

The European Commission proposed borrowing €150 billion to lend to EU governments for rearmament amid concerns over U.S. protection and Russia's war in Ukraine.

Wed, 05 Mar 2025 09:30:03 GMT

Turmoil in the Serbian parliament

Serbian opposition lawmakers threw smoke grenades and used pepper spray in parliament to support student protests, criticizing corruption and President Vucic's rule.

Wed, 05 Mar 2025 09:20:00 GMT

Natural gas technical analysis

Bullish momentum has pushed natural gas closer to the 4.87600 price level. A rejection of this level could potentially bring the price back to lower levels, around 3.51400. If the third rejection of the 4.87600 price level occurs, it may signal bearishness for the short term. Aggressive U.S. policies regarding energy resources may play a significant role in both bullish and

Wed, 05 Mar 2025 08:39:28 GMT

Target Q4 and Full-Year 2024 earnings report

Target Corporation reported a mixed performance for Q4 and full-year 2024. For Q4, the company saw a 1.5% increase in comparable sales, driven by strong digital growth (+8.7%) and categories like Toys, Electronics, and Apparel. However, Q4 EPS was $2.41, down from $2.98 in Q4 2023. Operating income for Q4 dropped 21.3%, totaling $1.5 billion. For the full year, Target's

Wed, 05 Mar 2025 06:30:06 GMT

Bitcoin ATM sentenced to 4 year

A UK Bitcoin ATM operator was sentenced to 4 years in prison, marking the FCA's first such case.

Wed, 05 Mar 2025 03:30:06 GMT

Germany's central bank proposal for bigger spending

Germany's central bank proposed a reform to lift the debt cap, potentially giving the government an extra €220B for defense and investment, amid growth concerns.

Tue, 04 Mar 2025 21:30:03 GMT

Warren Buffett on tarrifs

Warren Buffett called tariffs "an act of war," warning they act as a tax on goods, raising prices for consumers.

Tue, 04 Mar 2025 18:30:03 GMT

TSMC to invest in the U.S

TSMC will invest $100B in U.S. manufacturing, including 3 chip plants and R&D in Arizona, creating 20,000-25,000 jobs and producing advanced AI chips.

Tue, 04 Mar 2025 15:30:03 GMT

Aramco cuts dividend

Aramco cuts its record dividend to ease financial stress, impacting Saudi Arabia's budget deficit.

Tue, 04 Mar 2025 12:30:03 GMT

Mercedes-Benz to buy-out staff

Mercedes-Benz reached a deal with its works council to offer buy-outs to staff, with compensation only if both the employee and company agree on contract termination.

Tue, 04 Mar 2025 09:53:11 GMT

ISM report on Manufacturing at 50.3%

U.S. manufacturing activity expanded slightly in February after 26 months of contraction, with the Manufacturing PMI® registering 50.3%, a slight drop from 50.9% in January. While the overall economy continued to expand, some key indices showed mixed results. The New Orders Index fell into contraction at 48.6%, and the Production Index showed marginal growth at 50.7%. The Prices Index surged

Tue, 04 Mar 2025 09:30:04 GMT

China retaliates on tarrifs

China will impose up to 15% tariffs on U.S. farm products like chicken, pork, soy, and beef, starting March 10, in response to Trump's tariff hike on Chinese goods.

Tue, 04 Mar 2025 06:30:03 GMT

Brazil's bond yield rises

Brazil's 10-year government bond yields hit 15.27%, offering high returns compared to other emerging markets, driven by inflation and fiscal uncertainty.

Tue, 04 Mar 2025 03:30:03 GMT

Lumber might be tarrifed

Trump orders a new trade probe into U.S. lumber imports, possibly adding tariffs on Canadian and Mexican goods, amid broader tariff actions on various imports.

Mon, 03 Mar 2025 21:30:03 GMT

Trudeau to talk to King Charles

Trudeau's top priority in talks with King Charles is protecting Canada's sovereignty after Trump suggested making Canada the 51st U.S. state.

Mon, 03 Mar 2025 18:30:03 GMT

Swiss National Bank financial results

The Swiss National Bank posted a record profit of 80.7B francs in 2024, boosted by strong equity markets, rising gold prices, and a stronger U.S. dollar.

Mon, 03 Mar 2025 15:30:07 GMT

Trump Tariffs determined tommorow

U.S. Commerce Secretary Lutnick confirmed tariffs on Canada and Mexico will begin Tuesday, but President Trump will decide if they stay at the planned 25%.

Mon, 03 Mar 2025 13:07:33 GMT

Gold weekly outlook

Gold saw an increase in volatility, but overall volatility remains low. There are still elevated levels of uncertainty, creating opportunities for those with a bullish fundamental trading bias. Economic Calendar Analysis Volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast In the short term, gold could see a movement towards 2830.00 as market

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