Bears are taking a breather after last week’s 2% fall
The Euro is consolidating within a narrow range in early Monday’s trading following last week’s almost 2% drop, sparked by hawkish Fed.
Friday’s close below key Fibo support at 1.1918 (61.8% of 1.1704/1.2266) added to bearish signals…
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Turkish lira is holding near all-time low and about to enter uncharted territory
The USDTRY advanced 4% this week and approached new record high at 8.7536, posted on June 2, Fed’s signals of stimulus tapering and rate hikes, probably earlier than expected, strongly boosted dollar.
This week’s advance nearly fully…
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Gold is on track for the biggest weekly drop in 15 months
Bears are taking a breather on Friday after strong bearish acceleration in past two days started to run out of steam and found a footstep at key Fibo support at $1768 (61.8% of $1677/$1916 rally) and just above the base of rising and…
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UK retail sales drop in May and consumers spend more in hospitality following eased lockdown…
The UK retail sales unexpectedly fell in May, with month on month figure showing 1.4% drop following 9.2% rise in April and disappointed expectations for increase of 1.6%.
Annualized figure shows that retail sales were 24.6% higher than…
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Weaker than expected UK retail sales add to pound’s bearish stance
Cable holds in red and extends steep fall into fourth straight day, on track for the biggest weekly fall since the second week of June 2020.
Sterling weakened on Brexit tensions and delayed lift of Covid restrictive measure and came under…
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Euro falls further as downbeat US jobless claims further sour weak post-Fed sentiment
The Euro extends sharp post-Fed fall on Thursday and fell to two-month low, additionally pressured by downbeat US weekly jobless claims data, after being deflated by hawkish Fed.
Massive Wednesday bearish daily candle (down 1.1% for the…
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Dollar rallies across the board on Fed’s hawkish shift
The US dollar surged across the board after the US Federal Reserve brought forward its projections for the first post-pandemic crisis interest rate hike in 2023.
Hawkish shift towards earlier than expected start of policy changes was…
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Fed is expected to stay on hold but to signal start of monetary policy shift
The US Federal Reserve ends its two-day June policy meeting today and is likely to leave its policy unchanged but with growing expectations that the central bank would upgrade its forecast and at least hint the possibility of starting talks…
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British inflation rises above Bank of England’s target in May
British inflation rose well above expectations and extended above Bank of England’s 2.0% target in May as the country’s economy reopens after Covid lockdowns.
The consumer prices jumped to 2.1% in May, the highest in almost two years,…
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US retail sales drop in May as spending shifts from goods to services
The US retail sales fell below expectations in May, dropping by 1.3% from upward-revised April’s 0.9% increase and strongly overshooting forecast for 0.8% decrease.
Downbeat figures come as a result of consumers shifting their spending…
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