USD/CNH, China’s Economy Expanding
USD/CNH, China’s Economy Expanding The National Bureau of Statistics China released PMI data this week which shows both the manufacturing and services sector are expanding. Appetite for risk has enjoyed a great to start to the year, mostly thanks to China reopening and abandoning their covid-zero policy. It was a key reason as to why […]
USD/JPY expected slide
USD/JPY expected slide Last year was tough for Japanese yen. USD/JPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of […]
Gold Falls Victim to Strong US Data
Gold Falls Victim to Strong US Data Gold has sold off thanks to a rebound in US dollar and bond yields. The fact that the yellow metal has turned lower from a key level makes today’s reversal eye-catching as the chart suggests that at least a temporary top may be in for now. Gold fell […]
Japan’s Inflation hits the ‘40-year high
Japan’s Inflation hits the ‘40-year high Despite the BOJ’s best efforts to contain inflation, prices are indeed rising. Nationwide inflation rose to its highest levels since 1984 at 3.7% y/y and core inflation is also at 3.6%. If food and energy are excluded, CPI is now 1.4% y/y- which is its highest since 1998 we […]
United Kingdom Inflation Rate
United Kingdom Inflation Rate The UK GDP revealed that the economy shrank by only 0.2% in 3rd Quarter, which means that a contraction of more than 0.55% may be needed in the last three months of the year for the BoE’s forecast of a 0.75% contraction during H2 2022 to materialize. Yet, investors dragged their […]
Upcoming Market Updates: GBP, CHF, EUR, USD, NZD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, CHF, EUR, USD, NZD GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. CHF : PPI m/m, it measures Change in the price of goods and raw materials purchased by manufacturers. EUR: Industrial Production m/m, it measures Change in the total inflation-adjusted value […]
AUD/USD falls to new 18-month low
AUD/USD falls to new 18-month low AUD/USD continues to lose ground and can’t find its footing. The Aussie started the week on the wrong foot, with a decline of 1.0% on Monday. AUD/USD is trading at 0.6266 down 0.52%. Earlier the day, the Australian dollar fell to 0.6247, its lowest level since April 2020. Australia […]
GBP down during Asian Trade
GBP down during Asian Trade The pound was aggressively lower during Asian trade. CME stopped trading of GBP futures. GBP/USD touched a record low. Combination of the UK’s mini budget and flight to the dollar weigh on sterling. The GBP was already facing heavy selling pressure on Friday when the UK’s new chancellor unveiled his […]
Upcoming Market Updates: NZD, GBP, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, GBP, CAD NZD: Business NZ Services Index, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. CAD: IPPI m/m, it measures Change in the price of goods […]
New Zealand Q2 GDP Beats Expectations
New Zealand Q2 GDP Beats Expectations New Zealand’s GDP rebound by 1.7% in the second quarter, close to the forecast and the RBNZ’s expectation. Services grew strongly as tourists started to return. New Zealand’s GDP rose bu 1.7% on the June Quarter, much in line with 1.6% forecast, as well as the 1.8% rise that […]
Upcoming Market Updates: NZD, JPY, GBP, EUR , USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, GBP, EUR , USD NZD: Current Account, it measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter. JPY: Core Machinery Orders m/m, it measures Change in the total value of new private-sector purchase orders placed with manufacturers for […]
Upcoming Market Updates: JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, EUR, GBP, CAD, USD JPY: M2 Money Stock y/y, It’s positively correlated with interest rates – early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation. EUR: French Industrial Production m/m, it […]
USD/CNH – US Dollar Chinese Yuan Offshore News
USD/CNH – US Dollar Chinese Yuan Offshore News Another news from China which is not good. It is nation’s trade disappointing figures expectation. The yuan fell further, USD/CNH to almost 7.0000. The poor imports figure in particular raised concerns about how weak the Chinese economy has become as it faces troubles. These include the ongoing […]
Liz Truss Defeats Rishi Sunak To Become New UK PM
Liz Truss Defeats Rishi Sunak To Become New UK PM Liz Truss will become the new UK prime minister on Tuesday after defeating Rishi Sunak in the Tory leadership contest today. The result was closer thank many people had expected, with Truss taking 57% of votes cast. The markets hardly reacted to the news, not […]
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. AUD: MI Inflation Gauge m/m, it measures Change in the price of goods and services purchased by consumers. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of […]
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Prelim Industrial Production m/m, it measures Change in the total […]
GBP/USD – British Pound Jumped US Dollar
GBP/USD – British Pound Jumped US Dollar British pound jumped 0.82% yesterday, as the currency has rebounded from its worst week of the year. GBP/USD went down 2.53% last week, as the USD has found strength after weeks of beating a retreat. GBP/USD climbed yesterday after US New home sales dropped to 511 thousand in […]
GBP, Conservative Party Elections
GBP, Conservative Party Elections The political backdrop, candidates and expected policies for traders to watch around next month’s UK Conservative Party leadership election, who will be the UK’s next PM ?. Traders generally overestimate the impact of political move’s on market, however, politicians often have to water down their proposals to get them passed through […]