Will US CPI Reignite FX Intervention Concerns?

Japanese Yen (USD/JPY, EUR/JPY) Analysis Ueda’s Nod to Rate Normalisation Fades as Focus Shifts to US CPI The yen made a partial recovery/pullback after the Bank of Japan (BoJ) Governor Kazuo Ueda expressed a view that the bank will have enough data at their disposal to make a decision on stepping away from negative interest

Argentine shoppers face daily race for deals as inflation soars above 100% By Reuters

© Reuters. FILE PHOTO: A costumer counts money before buying tangerines in a green grocery store, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. REUTERS/Agustin Marcarian/File Photo By Miguel Lo Bianco and Claudia Martini BUENOS AIRES (Reuters) – Argentines, up against painful annual inflation at 113% and rising, are running

FTSE 100, DAX 40 and S&P 500 Drop Ahead of US CPI​​​

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts ​​​FTSE 100 drops on disappointing UK growth ​The FTSE 100 is about to end its four straight day winning streak as much weaker-than-expected UK GDP pushes the index lower. UK GDP dropped by 0.5% month-on-month in July, the

Down and running, for how long? – EURUSD

We woke up to the news that the money markets are now pricing in a full 25 bps hike in the rate by the ECB by the end of the year. We are talking here about OTC swaps (EONIA) and for now – as the futures market is not open at the time of writing

German economy ministry says current indicators point to weak Q3

Early indicators point to subdued developments of private consumption in coming months Noticeable economic recovery only to be seen at the turn of the year at earliest They’re still not quite acknowledging the situation fully, by putting off from saying the R-word. But typically when domestic authorities finally get to that, we’re already staring at

AUD/USD Momentum Fading, AUD/JPY Triangle Breakout Next?

Australian Dollar, AUD/USD, AUD/JPY, Symmetrical Triangle – Technical Update: Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar is hovering just above key support against the US Dollar, which is the 78.6% Fibonacci retracement level at 0.6382. Meanwhile, as prices struggled to break lower, positive RSI divergence emerged, showing that downside momentum