Year: 2025

France Producer Prices (MoM) rose from previous 0.3% to 1.1% in November

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive session and trading around 98.60 during the European hours on Friday.

Ralph Lauren (RL – Free Report) ended the recent trading session at $370.06, demonstrating a +1.19% change from the preceding day’s closing price. The stock’s change was more than the S&P 500’s daily gain of 0.79%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 1.38%.

In focus today Following the large batch of Central Bank meetings yesterday, attention turns to taking the temperature of consumer well-being through data releases on consumer confidence and retail sales. Both figures are released in the morning for Denmark, Sweden and Germany, while consumer confidence figures are out later in the day for the euro […]

The post Taking the Temperature on Consumer Sentiment appeared first on ActionForex.

The BoJ raised its policy rate by 25bps to 0.75%, as widely expected, marking another step in its gradual normalization process. Despite the hike, the BoJ emphasized that financial conditions remain highly accommodative, with real interest rates still “significantly negative.” In its statement, the BoJ reaffirmed a tightening bias. If the outlook laid out in […]

The post BoJ raises rates to 0.75%, keeps tightening bias intact appeared first on ActionForex.

• Lower risks to inflation and growth triggered conditions for a rate hike today
• Underlying inflation is running above the 0% mark

So far, market players are not all too convinced. And pardon me for also reserving some skepticism towards the probability of Ueda really hitting back at the government for a second time. They won the first round today but as mentioned earlier, the threshold for the next rate hike will be even higher than this one.

Ueda has left the door open for that but he’s not being overly pushy or explicit about really wanting to stick to another rate hike in March. For now, “data-dependent” seems to be the best alternative in terms of communication that they can offer.

USD/JPY is continuing to climb on the day, up to 156.38 currently. Key resistance from the earlier highs in December at 156.90 levels will be the next big technical points.

This article was written by Justin Low at investinglive.com.

The NZD/USD pair attracts some sellers to around 0.5760 during the early European trading hours on Friday, pressured by renewed US Dollar (USD) demand. Traders will keep an eye on the University of Michigan Consumer Sentiment Index and UoM Consumer Inflation Expectations data later on Friday. 

GBP/JPY reaches fresh record highs after registering little losses in the previous session, trading at 209.18 during the early European hours on Friday. A look at the daily chart shows the currency cross is moving upwards within an ascending channel pattern, indicating a persistent bullish bias.