Week Ahead: Highlights include US retail sales, China data, ECB minutes, UK data
Week Ahead January 16-20th: Highlights include US retail sales, China activity data, ECB minutes, UK data MON: Eurogroup Meeting; Chinese GDP (Q4), House Prices, Industrial Output & Retail Sales (Dec). TUE: OPEC MOMR; German Final CPI (Dec), UK PPI (Nov), Unemployment (Nov), German ZEW (Feb), Canadian CPI (Dec), Australian Consumer Sentiment (Jan). WED: UK CPI […]
US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
US Dollar (DXY) Price and Chart Analysis Are markets too optimistic ahead of today’s CPI release? Technical support for the US dollar looks fragile. Recommended by Nick Cawley Download our brand new USD forecast A range of financial markets remain risk-on ahead of the latest US inflation report which is expected to show price pressures […]
Dollar stabilizes ahead of key December inflation data By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Thursday ahead of a widely awaited U.S. consumer inflation release, while the Japanese yen surged ahead of next week’s Bank of Japan meeting. At 03:00 ET (08:00 GMT), the , which tracks the greenback against a basket of six other […]
Double tops around 1.2250 tease Cable sellers ahead of key UK data
GBP/USD retreats from intraday high to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves. 200-SMA, weekly support line appears crucial challenge for bears. UK monthly GDP, output and trade numbers for November will be crucial to watch. GBP/USD prints mild losses around 1.2200 […]
EURUSD Bullish As Key US Inflation Data Approach
EUR/USD analysis, Prices, and Charts The Euro has risen sharply into 2023, extending its runup Hopes that US inflation may be peaking has been a key driver Eurozone interest rates may have much further to rise Recommended by David Cottle Download our brand new Q1 Euro guide EUR/USD action has been dominated by the ‘USD’ […]
Dow Moves Higher Ahead of CPI Data!
Stocks and Indices have rallied ahead of today’s CPI data. Optimism was heightened over the slowdown of the Fed’s rate hiking. It is the final CPI report before the next interest rate decision, which is supposed to be a 50 BP rise. Timestamps DOW 01:45 SPX500 03:05 The post Dow Moves Higher Ahead of CPI […]
Asia FX steadies before U.S. CPI data, dollar nears 7-month low By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies crept higher on Thursday and the dollar fell in anticipation of data showing a further easing in U.S. consumer inflation, while the Japanese yen rallied sharply after the country logged a record-high current account surplus. The dollar retreated further on Thursday, and was close to its lowest […]
Yen jumps; dollar tentative ahead of U.S. inflation data By Reuters
© Reuters. FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. REUTERS/Shohei Miyano By Rae Wee SINGAPORE (Reuters) – The yen got a boost on Thursday on expectations that the Bank of Japan will review the side effects of its monetary […]
USD continued to weaken on January 11th, eyes on UK GDP data
The US Dollar resumed its decline against the British Pound and the Euro as investors and traders focus on the release of US inflation data due on Thursday January 12th. The US Dollar Index (DXY) remains pressured towards the 103.00 round figure, barely higher than the lowest level recorded in the last seven months. As […]
Australian Dollar Bumps Up on Data Amid Global Macro Tailwinds. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, China, Iron Ore – Talking Points The Australian Dollar got a sugar hit from data but settled back in the range A re-acceleration of domestic price pressures might see more RBA action China’s re-opening could fuel inflation. Will it drive AUD/USD to a new peak? Recommended by Daniel […]