Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, USD NZD: GDP q/q, it measures Change in the inflation-adjusted value of all goods and services produced by the economy. JPY: Trade Balance, it measures Difference in value between imported and exported goods during the reported month. AUD: MI Inflation Expectations, it measures Percentage that […]
What will happen to GBP/USD if the UK surprises with higher CPI?
What will happen to GBP/USD if the UK surprises with higher CPI? US released its August CPI report. The headline was 8.3% YoY and expectation of 8.1% YoY and a July reading of 8.5% YoY. Headline inflation is decreasing. However, the Core CPI print for August was 6.3% YoY vs an expectation of 6.1% […]
Silver outshines gold as dollar slips | Xtreamforex
Silver outshines gold as dollar slips | Xtreamforex The new week has started with a bang for risk-sensitive assets, including stocks and metals. Silver had risen around 5% so far on the day, and was leading other metals higher. Gold was also up, but not as impressively as silver, with the yellow metal looking to […]
Upcoming Market Updates: NZD, GBP, JPY, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, GBP, JPY, EUR, USD NZD: Visitor Arrivals m/m, it measures Change in the number of short-term overseas visitors who arrived in the country. GBP: GDP m/m, it measures Change in the total value of all goods and services produced by the economy. GBP: Construction Output m/m, it measures Change […]
RBA to Raise the Cash Rate by 50 bps, AUD
RBA to Raise the Cash Rate by 50 bps, AUD Reserve Bank meeting is on 6th September. It is expected that the cash rate will be raised by 50 basis points to 2.35%. The best approach will be to strengthen the statement we saw last month, not on a pre set path and following Chair […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. AUD: Building Approvals m/m, it measures Change in the number of new building approvals issued. CHF: KOF Economic Barometer, it measures Level of […]
Upcoming Market Updates: NZD, JPY, EUR, USD
Upcoming Market Updates: NZD, JPY, EUR, USD NZD: RBNZ Gov Orr 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. […]
Additional China stimulus helps stimulate the Aussie
Additional China stimulus helps stimulate the Aussie After problem in the housing market and a recent bout of poor data from China, including weak retails Sales and Industrial Production, China has implemented several polices to help the beleaguered sectors. Earlier this week, China announced plans for $29 Billion in special loans to help troubled developers […]
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 […]
USD CNH | US Dollar Chinese Yuan Offshore
USD CNH | US Dollar Chinese Yuan Offshore The comment from Fed officials last week helped USD to surge and the expectations of 75bps rate hike on the next meeting which will be on 21st September. Last week there was a discussion of Fed officials about how it is premature to worry about the economy […]
EUR/USD Plunging Into Parity as US Dollar
EUR/USD Plunging Into Parity as US Dollar Pair is moving around 1.0100-1.0270 channel for three weeks now. All attempts of the break through to its upper or lower border ended in failure. These attempts continued until 10th August after the publication of data on inflation in the US, the pair went up, turning the level […]
Upcoming Market Updates: NZD, JPY, AUD, GBP, EUR, USD
Upcoming Market Updates: NZD, JPY, AUD, GBP, EUR, USD NZD: PPI Input q/q, It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer. NZD: PPI Output q/q, it measures Change in the price of goods sold by manufacturers. JPY: Core […]
US CPI Preview: Are we past peak inflation?
US CPI Preview: Are we past peak inflation? Price pressure may show slowing down while the Fed’s preferred Core CPI measure shows that underlying inflation is still rising. Tomorrow the US Bureau of Labor Statistics will release the July Consumer Price Index report. Economists are expecting CPI headline to come in at 0.2% MoM , […]
The Reserve Bank of Australia (RBA) Monetary Policy Meeting
The Reserve Bank of Australia (RBA) Monetary Policy Meeting Australia dollar got strong yesterday and AUD/USD was trading at 0.7030 which was up 0.57% on the day. Reserve Bank of Australia is having a meeting today and it is expected that it will deliver an increase of 0.50%bp, which will bring the Cash rate to […]
Upcoming News for this Week:- FOMC, RBA, BOE
Upcoming News for this Week:- FOMC, RBA, BOE FOMC The FOMC increased rates by 75bps increasing the Fed Funds rate from 1.75% to 2.50%. The statement confirmed that spending and production were soft, however job increase remain strong. The Fed put softer data aside by saying that it anticipates ongoing increase in the Fed Funds […]
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 […]
The FOMC raised rates by 75 bps which was widely expected
The FOMC raised rates by 75 bps which was widely expected As widely expected, the Federal Open Market Committee raised the range of its target for the the federal funds rate by 75 bps, which brings the top end of the range to 2.50%. There was widespread support for another supersized rate increase-the FOMC raised […]
AUD Second Quarter Increase | Xtreamforex
AUD Second Quarter Increase | Xtreamforex In the second quarter of 2022 Australian inflation data has increased to 6.1%, but below the agreed expectations relaxing the fear of a surprising 75bp rate increase when the RBA has a meeting next week. CPI rose by 1.8% Quarter On Quarter(QoQ) and 6.1% Year On Year(YoY). This was […]