Recovery struggles at parity level
Recovery attempts after Tuesday’s 1.5% drop, cracked parity barrier (reinforced by 20DMA), but so far lack momentum for stronger recovery.
Headwinds from parity zone, accompanied with bearishly aligned daily studies, warn of recovery…
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Cable regains traction after Tuesday’s strong fall but bears still in control
Cable regained traction after a brief dip under 1.15 mark on lower than expected UK inflation data, as expectations of 0.75% BoE rate hike next week continue to dominate and underpin pound.
Wednesday’s sharp drop on higher than expected US…
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UK inflation falls below expectations in August
British annualized consumer prices inflation unexpectedly dropped to 9.9% in August, after it hit a double-digit value at 10.1% in July and fell below expectations for 10.2% rise.
Monthly inflation rose by 0.5% in August, following a…
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US inflation unexpectedly rises in August adding to bets for 0.75% hike next week
Annualized inflation in the US surprised in August by 8.3% rise as markets expected prices to continue trend of easing and rise by 8.1%, following a drop to 8.5% in July from a peak at 9.1% in June, the highest since November 1981.…
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Dollar becomes attractive again on higher than expected US Aug inflation
The dollar rallied across the board in immediate reaction to hotter than expected US inflation in August, which signal that price pressures are not easing at expected pace, implying that the US central bank will remain on aggressive hiking…
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Sterling keeps firm tone ahead of inflation data
Cable remains at the front foot and rises to two-week high, during European session on Tuesday, underpinned by the data from the UK labor sector which showed unemployment falling to a multi-decade low, though positive impact was tempered by…
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Euro looks for renewed attack at cloud base, underpinned by expectations for favorable US CPI…
The Euro keeps firm tone in European trading on Tuesday, despite downbeat data from Germany (Aug CPI rose to 7.9% from 7.5% in July / economic sentiment weakened further into Sep and hit the lowest since 2008 recession) as traders expect…
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UK unemployment rate hits the lowest in nearly five decades
The report from British labor sector, released this morning, showed that unemployment in Britain fell to 3.6% in three months to July, hitting the lowest in nearly five decades.
The unemployment in June was 3.8% and economist forecasted no…
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Turkish lira approaches a record low vs dollar, weighed by several factors
The USDTRY is approaching an-all time high at 18.3387 as steady advance is on track to fully retrace 18.3387/10.2017 pullback, seen in December.
Despite weakening across the board in past few days, due to renewed risk appetite and…
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Gold keeps bullish near-term bias, eyes US inflation report for fresh signals
Spot gold remains at the front foot on Monday and extends recovery as dollar pulls off twenty-year high, pressured by renewed risk appetite.
Bounce from $1690 zone, where a temporary base is forming, extended on Monday after an initial…
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