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

Asia FX treads water, dollar steadies with inflation in sight By Investing.com

Investing.com– Most Asian currencies moved little on Wednesday, while the dollar steadied below six-month highs as investors hunkered down before key U.S. inflation data that is expected to offer more cues on monetary policy.  Most regional units were nursing steep overnight losses as markets remained largely risk-averse, while the dollar saw renewed strength in anticipation

GBP/USD oscillates in the 1.2480-1.2502 region

Share: GBP/USD Price Analysis: Oscillates in a range below the 1.2500 mark, eyes on UK GDP, US CPI The GBP/USD pair consolidates in a familiar range below the 1.2500 barrier during the Asian session on Wednesday. The major pair currently trades near 1.2488, losing 0.01% on the day. Market players prefer to wait