GBP/USD Drifting: The British Pound Is Drifting
GBP/USD Drifting: The British Pound Is Drifting The British Pound is drifting for a third day straight. In the European session, GBP/USD is trading at 1.2161, down 0.09%. We could see stronger volatility from the pound before the weekend, with the release of the US inflation report and UK GDP on Friday, both of which […]
US CPI Preview:- Will lower inflation data cause the Fed to pause
US CPI Preview:- Will lower inflation data cause the Fed to pause In general, inflation has been slowing over the last few months. Tomorrow, markets will get a look at December’s CPI print. Expectations are that the headline print will continue to move lower to 6.5% YoY vs a November reading of 7.1% YoY. Last […]
Gold & silver Struggle Despite Weak US dollar
Gold & silver Struggle Despite Weak US dollar Gold came off its earlier highs while silver turned a touch lower in what has been a quietish day. The US dollar fell further lower, extending it sharp losses from Friday when weak ISM data raised speculation that the Fed will be forced to cut interest rates […]
Decent US Data ahead of Payrolls | Xtreamforex
Decent US Data ahead of Payrolls | Xtreamforex Today brings this week’s most important data releases both from the Euro area and the US. In Euro area, flash inflation print for December will be released. Individual country data released thus far suggest that while headline inflation probably continued to decline in December, underlying price pressures […]
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. EUR: German Factory Orders m/m, it measures Change in the total value of new purchase orders placed with manufacturers. EUR: German Retail Sales m/m, it measures Change in […]
The Minutes from the December FOMC meeting
The Minutes from the December FOMC meeting The Minutes from the December FOMC meeting showed that Fed members observed that a slowing of interest rate increases would allow the central bank to assess the progress on inflation and employment. Recall that the FOMC slowed the pace of interest rates increase to 50bps from 75bps the […]
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD JPY: Monetary Base y/y, it measures Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. JPY: 10-y Bond Auction, it measures Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. […]
EUR/USD Slides to three week low
EUR/USD Slides to three week low The US dollar is showing strong gains against the majors yesterday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. EUR/USD is sharply lower, despite a very light economic calendar. The only release of note is German CPI, which […]
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR: German Import Prices m/m, it measures Change […]
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out Beginning of last week, forex traders were expecting to ease into the holidays with relatively low volatility trade until BOJ Governor Kuroda fired off big of a monetary policy decision, tweaking the central bank’s yield curve control program and effectively raising interest rates by 25bps. This […]
The Euro:- An Uncertain Path
The Euro:- An Uncertain Path Euro fell below parity with the USD in October. Since then, it has rebounded, but hasn’t returned to the levels at the start of the year. Naturally, the question is whether the pair will continue the trend higher, or turn around for another run at parity. And what does this […]
Japanese Yen Steady Ahead of CPI
Japanese Yen Steady Ahead of CPI The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%. The dust has settled after Tuesday’s dramatic events, when the yen shot up 3.7%. This followed the Bank of Japan’s shocking announcement that it would widen its yield curve control […]
Canada:- Inflation Tiptoes in the Right Direction in November
Canada:- Inflation Tiptoes in the Right Direction in November Consumer price inflation took a small step down in November, to 6.8% YoY, after holding steady at 6.9% through September and October. Canadians got some relief at the pumps in November, with prices down 3.6% m/m, after prices surged 9.2% in October. However, gasoline prices are […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, CHF, CNY, USD
Upcoming Market Updates: AUD, NZD, EUR, GBP, CAD, CHF, CNY, USD AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators. NZD: Credit Card Spending y/y, it measures Change in total spending facilitated with a credit card. EUR: German GfK Consumer Climate, it measures Level […]
RBA Board Considered Stop in December
RBA Board Considered Stop in December The Reserve Bank Board considered three options in its deliberations at the December Board meeting. The options were: 50 basis point increase in the cash rate; 25 basis point increase; or no increase. This contrasts with recent meetings when only the 50 basis point and 25 basis point options […]
Upcoming Market Updates: NZD, AUD, CHF, EUR, CAD, USD
Upcoming Market Updates: NZD, AUD, CHF, EUR, CAD, USD NZD: ANZ Business Confidence, it measures Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Monetary Policy Meeting Minutes, It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic […]
Bank Of Japan Could keep same Policy
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Bank Of Japan Could keep same Policy The Bank of Japan kept the same outlier as compared to the other major central banks which have been raising interest rates at a fast pace throughout this year in a synchronized attempt to bring the inflation down. This resulted in a down yen and fording […]
Upcoming Market Updates: AUD, GBP, JPY, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, GBP, JPY, EUR, USD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it […]