US consumer prices rose further in September, challenging Fed’s view of transitory inflation
The consumer prices in the US rose 0.4% in September, after climbing 0.3% in August, while annualized figure showed increase of 5.4% in twelve months to September, from 5.3% advance in August.
So called core CPI, which excludes volatile…
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Britain’s economy returns to growth in August, boosting hopes for BoE rate hike
Britain’s gross domestic product rose by 0.4% in August, slightly below expected 0.5% expansion, after 0.1% fall in July, the first contraction in six months.
Solid numbers suggest that economy returned to growth and July’s drop was…
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China’s exports unexpectedly surged in September
China’s exports unexpectedly rose in September, jumping 28.1% from 25.6% advance in August and strongly beating expectations for 21% increase.
Acceleration in export growth was supported by solid global demand that partially offset…
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Bears regain control after mild recovery; downbeat German ZEW data further sour the sentiment
The Euro lost traction on Tuesday and fell towards last week’s new multi-month low (1.1529) after recovery attempts were repeatedly capped by falling 10DMA (currently at 1.1575).
Fresh weakness suggests that relief from downbeat US NFP was…
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USDTRY hits new record high on fears that the CBRT would cut rates again next week
The USDTRY rose through 9.00 barrier and hit new all-time high on Tuesday.
Lira remains under pressure which increased on fears that Turkish central bank would make another rate cut in the policy meeting, scheduled next week, after the…
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Record high in UK payrolls in September bode well for BOE’s signals of first rate hike
British employers added a record 207,000 new jobs in September, unemployment ticked down to 4.5% in the three months to August from 4.6% in previous three-month period, while average weekly earnings were 7.2% higher in August compared to…
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Bears are taking breather above weekly cloud base and key Fibo support
The Euro stays on hold on Monday, following a limited impact from downbeat US NFP which was tempered by comments from ECB’s policymaker who said rising energy prices lift inflation, though rise in inflation is still expected to be…
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Hawkish comments on rate expectations lift pound but bulls need more momentum to resume higher
Cable jumped to the new two-week high (1.3673) in early Monday’s trading, lifted by hawkish comments from UK policymakers regarding earlier than expected rate hike, but gains were so far short-lived.
Fresh attempts to break above recent…
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USDJPY extends strong rally; bullish studies point to further gains
The USDJPY remains in strong bullish mode and advanced 0.6% in Asia / early Europe on Monday, following 1.2% rally last week.
Bulls pressure psychological 113 barrier after break above tops of 2020/2019 (112.22/112.40) and monthly cloud…
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WTI price surges to new multi-year highs on global energy crunch
The WTI price probed through psychological $80 barrier for the first time since November 2014 on Friday and hit new 2021 high, on track for the fifth straight weekly gains and for over 5% advance this week.
Oil prices were boosted by…
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