Upcoming Market Updates: JPY, AUD, EUR, CHF, GBP, CAD
Upcoming Market Updates: JPY, AUD, EUR, CHF, GBP, CAD JPY: Prelim Industrial Production m/m, It’s a leading indicator of economic health – production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings. JPY: Retail Sales y/y, It’s the primary gauge of consumer […]
Upcoming Market Updates: NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, AUD, EUR, USD NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Import Prices q/q, it measures change in the price of goods purchased by importers. AUD: Retail Sales m/m, it measures change in the total value […]
Upcoming Market Updates: GBP, AUD, EUR, CHF, USD
Upcoming Market Updates: GBP, AUD, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures change in the price of goods purchased at BRC-member retail stores. AUD: CPI q/q, it measures change in the price of goods and services purchased by consumers. AUD: Trimmed Mean CPI q/q, it measures change in the price of […]
Upcoming Market Updates : JPY, GBP, USD
Upcoming Market Updates : JPY, GBP, USD JPY: Monetary Policy Meeting Minutes, It’s a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. JPY: SPPI y/y, It’s a leading indicator of consumer inflation – when corporations pay more for […]
This Weeks’s currency pair, EURUSD
This Weeks’s currency pair, EURUSD The ECB hike of last week is the highest hike in past 11 years which brought the interest rate from -0.50% to 0.00%. Further normalization of interest is appropriate, indicating that there will be another hike from ECM on their next meeting on 8th September. Another new program was introduced […]
EUR/USD – Euro US Dollar
EUR/USD – Euro US Dollar Last week the European currency showed a slight growth to a high of 1.0272. Reason behind this was the most banal corrective rebound of EUR/USD breaking the equality level of 1.0000, the bottom at 0.9951 on 14th of July, the resumption of Russian gas supplies to Europe and the most […]
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 […]
Dollar Index Looks Unstoppable now
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Dollar Index Looks Unstoppable now On Friday afternoon the new highs rose to 107.6, on the start of European trading session it went 107.45. Since Oct 2002 this was the highest rate and the index added around 20% to its 2021 low. This is a positive secondary effect for the US(strengthening of dollar), […]
Australian Dollar Under Pressure as Technical Levels Are in View. Where to for AUD/USD?
Australian Dollar Under Pressure as Technical Levels Are in View. Where to for AUD/USD? 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. AUD: MI Inflation Gauge m/m, it measures change in the price of goods and services purchased by […]
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. NZD: Building Consents m/m, it measures change in the number of new building approvals issued. JPY: Tokyo Core CPI y/y, it measures change in the price of goods and services […]
EUR/USD, EUR/GBP, CHF/JPY Remain Vulnerable as Retail Traders Hold Long
EUR/USD, EUR/GBP, CHF/JPY Remain Vulnerable as Retail Traders Hold Long JPY: Prelim Industrial Production m/m, it measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Private […]
US Dollar Price Action Setups: EUR/USD, USD/NZD, GBP/USD, USD/JPY
US Dollar Price Action Setups: EUR/USD, USD/NZD, GBP/USD, USD/JPY 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. EUR: German PPI m/m, it measures change in the price […]
Ahead of job news, global stock markets climb, but US rates fall
Ahead of job news, global stock markets climb, but US rates fall On Thursday, global equity markets climbed, while US yields fell, as lower-than-expected private payrolls data raised optimism that the American economy was slowing and that the Federal Reserve may be convinced to change its hawkish attitude on interest rates and inflation. The ADP […]
Supply fears continue, oil prices climb, despite stock market declines
Supply fears continue, oil prices climb, despite stock market declines Crude prices rose for the third day in a row on Friday, shrugging aside concerns about global economic growth as fears about tighter supply supported prices ahead of an imminent European Union ban on Russian oil. Brent futures were up 84 cents, or 0.8 percent, […]
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules Opec+ members are anticipated to agree on a small rise in oil output on Thursday (May 5), boosted by threats to demand due to coronavirus restrictions in China. Russia’s invasion of Ukraine has further heightened supply fears, which have been […]
Breaking: EUR/USD cracks 1.0500, hits the lowest
Breaking: EUR/USD cracks 1.0500, hits the lowest CAD: BOC Gov Macklem 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 monetary policy. […]
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target Despite the bearish opening gap on Monday, the EUR/JPY has been following the primary component of Dow Theory by remaining above Friday’s low of 128.73. The cross continues to form the higher high and higher low structure, but […]