Signs of Disinflation Continue
Signs of Disinflation Continue There are some promising signs on the inflation data which is released today for UK and Canada. UK producers lower the prices to 1.8%, which is the disinflation in the third consecutive month. Core CPI also showed to 0.4$ m/m which is also its third straight month on disinflation. Canada’s producer […]
What is expected in BOJ meeting
What is expected in BOJ meeting Bank Of Japan next meeting on Thursday on interest rate decision. Many countries are aggressively increasing the rates to put brakes on inflation. The BOJ is unlikely to do anything, as inflation rate sits at 2.5%. EUR/JPY had been moving higher since 7th of March 2022. The pair began […]
Upcoming Market Updates : AUD, CAD, GBP, EUR, USD
Upcoming Market Updates : AUD, CAD, GBP, EUR, USD AUD: RBA Gov Lowe Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future […]
What we can expect from European Central Bank Meeting
What we can expect from European Central Bank Meeting Scarring affects from a pandemic, energy crisis, Italian politics, and unprecedented inflationary pressures, ECB has a very difficult job. We are definitely expecting a rate hike on Thursday, which will be the first since 2011. What will be the size of that hike, no one knows. […]
Upcoming Market Updates : AUD, CHF, GBP, EUR, USD
Upcoming Market Updates: AUD, CHF, GBP, EUR, USD Time 04:30 AM GMT+3 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 conditions that influenced their decision on where to set interest rates. Time 05:00 AM GMT+3 AUD: RBA Deputy Gov […]
Upcoming Market Updates : NZD, GBP, EURO, CAD, USD
Upcoming Market Updates : NZD,GBP,EURO, CAD, USD Time 01:30 AM GMT+3 NZD: Business NZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 01:45 AM GMT+3 NZD: CPI q/q, it measures change in the price of goods and services purchased by consumers. Time 02:01 AM GMT+3 GBP: Rightmove HPI m/m, […]
AUD low confidence on business conditions by uncertainty globally
AUD low confidence in business conditions by uncertainty globally This week’s data from Australia highlighted the growing big difference between current activity and confidence. The business conditions continue to show strength across the economy, confidence has fallen below its long-run average. Arguably this deterioration stems from the availability and price of labor and other inputs […]
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD Time 01:30 AM GMT+3 NZD: BusinessNZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 05:00 AM GMT+3 CNY: GDP q/y, it measures change in the inflation-adjusted value of all goods and services produced by the economy. Time 07:30 AM GMT+3 JPY: Tertiary Industry […]
CPI Hits Another Four-Decade High USD rises.
CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6% one month earlier and expected […]
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD Time 02:01 AM GMT+3 GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. Time 04:00 AM GMT+3 AUD: MI Inflation Expectations, it measures percentage that consumers expect the price of goods and services to change during the next 12 months. Time […]
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD Time 01:45 AM GMT+3 NZD: FPI m/m, it measures change in the price of food and food services purchased by households. Time 05:00 AM GMT+3 NZD: Official Cash Rate, it measures interest rate at which banks lend balances held at the RBNZ to other banks […]
Euro above parity by a thread
Euro above parity by a thread It looks like July 2022 could be a memorable month for euro, but unfortunately not for the right reasons. EUR/USD is within a risk of dropping below parity with USD since 2002, at that time EUR was just three years old. In North American session, EUR/USD is trading at […]
Gold Prices Approach Potential Support as US Dollar
Gold Prices Approach Potential Support as US Dollar NZD: Visitor Arrivals m/m, it measures change in the number of short-term overseas visitors who arrived in the country. GBP: BRC Retail Sales Monitor y/y, it measures change in the value of same-store sales at the retail level. JPY: PPI y/y, it measures change in the price […]
NZDUSD, What’s(expected) next for this pair
NZDUSD, What’s(expected) next for this pair Wednesday the 13th July, the Reserve Bank of New Zealand is expecting the increase of cash rate to 2.5% by increasing the cash rate by 50 points. For the first time in past 2 years NZDUSD finished below .6200. The cause of the fall of NZDUSD is global fears […]
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate JPY: Core Machinery Orders m/m, it measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities. JPY: M2 Money Stock y/y, it measures change in the total quantity of domestic currency in […]
UK PM Boris Johnson says he will resign
UK PM Boris Johnson says he will resign After several of high profile cabinet member. Resigned, PM Boris said he will resign from his current positions, until the new leader, who will take place on. Next month till than he will stay on his current position. On press conference Boris said he will step down […]
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP AUD: AIG Services Index, it measures level of a diffusion index based on surveyed service-based companies. AUD: Trade Balance, it measures difference in value between imported and exported goods and services during the reported month. JPY: 30-y Bond Auction, it measures average yield on a 30-year bond […]
Long EUR/GBP AUD/USD- Interest Rate Differentials and Market Pricing
Long EUR/GBP AUD/USD- Interest Rate Differentials and Market Pricing AUD: Retail Sales m/m, it measures change in the total value of sales at the retail level. 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. AUD: Cash Rate, it measures interest […]