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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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,…
Read More...
Read More...
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…
Read More...
Read More...
EURGBP rises as delay of an end of Covid restrictions and Brexit tensions weigh on pound
The EURGBP rose in early European trading on Tuesday, regaining strength after last Thu/Fri drop on dovish ECB.
Brexit tensions and delay to end Covid restrictions for another one month, due to rising numbers of rising number of new cases…
Read More...
Read More...
Lira lost traction after thick daily cloud stopped rise; Fed and CBRT policy meetings in focus
The USDTRY advances for the second straight day after the pullback from new record high (8.7536) lost power on approach to thick rising daily cloud (cloud top lays at 8.20), with double failure at 55DMA (8.2781) and subsequent bounce,…
Read More...
Read More...
Sterling remains in red, weighed by expectations for delay in lifting Covid restrictions
Cable stands at the back foot on Monday and fell to one-month low (1.4069), in extension of Friday’s 0.45% drop that generated negative signal on formation of bearish engulfing pattern on daily chart.
Stronger dollar keep pound under…
Read More...
Read More...
Dollar holds firm tone ahead of Fed policy meeting which would provide clearer direction signal
The dollar maintains firm near-term tone and consolidating after strong rally on Friday (up 0.56% for the day) and following the biggest weekly advance in six weeks.
Expectations that the US Federal Reserve might signal a shift in the…
Read More...
Read More...