USD/CHF shifts negative and drops toward 0.9260 on soft USD
USD/CHF retraced earlier gains after printing a daily high of 0.9316. Upbeat US economic data is bad for the greenback as the US Dollar weakens. USD/CHF Price Analysis: A break / daily close below 0.9300 would expose the pair to further selling pressure. The USD/CHF is trading below its opening price, though it failed to […]
USD/JPY drops below 128.00 for the first time since May 2022
Japanese yen extends gains across the board on Friday. US Dollar up for the day, sharply lower for the week. USD/JPY drops for the second day in a row. The USD/JPY is falling sharply for the second day in a row and it is trading under 128.00 at the lowest level since late May of […]
US annual CPI inflation drops to 6.5% % in December as expected
The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 6.5% on a yearly basis in December from 7.1% in November. This reading came in line with the market expectation. On a monthly basis, the CPI declined by 0.1% following November’s […]
EU Inflation Drops to 9.2% (Core up 0.2% YoY)
EU Inflation (HICP) Prints Another Lower Figure EU headline inflation (estimate) drops from 10.1% to 9.2% YoY Core inflation rises from 5% to 5.2% YoY suggesting widespread price pressures remain Latvia retains the prize for hottest inflation (20.7%) while Spain has the lowest rate (5.6%) Recommended by Richard Snow Find out what our analysts foresee […]
US NFPs +223K, Unemployment Rate Drops to 3.5%
US Dollar (DXY) Price and Chart Analysis US non-farm payrolls beat expectations but wages drop. The US dollar (DXY) is struggling to keep hold of recent gains. Recommended by Nick Cawley Trading Forex News: The Strategy The US dollar is finding it hard to keep earlier gains after the latest US labor report showed that […]