Inflation in the UK is slowing down. However, it remains the highest among all developed countries. Thus, from the report of the Office for National Statistics, published on July 19, it follows that annual inflation in the UK in June fell to 7.9% (stronger than the forecast of 8.2% and significantly lower than the May
UPCOMING EVENTS: Monday: China PMIs, EZ GDP, EZ CPI. Tuesday: RBA Policy Decision, EZ Unemployment Rate, US ISM Manufacturing PMI, US Job Openings. Wednesday: NZ Jobs Report, US ADP. Thursday: Swiss CPI, BoE Policy Decision, US Jobless Claims, US ISM Services PMI. Friday: US NFP, Canada Jobs Report. Monday: The Eurozone CPI Y/Y is expected
EUR/USD: Not hawks anymore, not doves yet ● The past week was filled with both events and the release of macroeconomic data. Regarding the Federal Reserve meeting on July 26 and the European Central Bank meeting on July 27, there were no surprises in terms of key interest rate hikes. In both cases, they were
EUR/USD: The Global Economy Is in Danger Again ● So, EUR/USD broke through the key support level formed in 2016. It fixed a low at 0.9899 on Tuesday, August 23, the low the pair traded 20 years ago, in November-December 2002. The euro lost about 485 points to the dollar lover the past year alone.
EUR/USD: Back to 1:1 Parity ● EUR/USD has been moving sideways in the 1.0100-1.0270 channel for more than three weeks. All attempts to break through its upper or lower border ended in failure. This movement continued until August 10, when, after the publication of data on inflation in the US, the pair went up sharply,
EUR/USD: Weak Inflation Weakens Dollar ● EUR/USD has been moving sideways in the 1.0100-1.0270 channel for more than three weeks. Attempts to break through its upper or lower border ended in failure each time. Even very strong data on the US labor market, which came out in the first week of August, did
MON: BoC Loan Officer Survey; Japanese GDP (Q2), Chinese Retail Sales & Industrial Output/Production (Jul), US NY Fed Manufacturing (Aug), NAHB Housing Market Index (Aug) TUE: RBA Minutes (Aug); UK Unemployment (Jun) & Claimant Count/HMRC (Jul), Indian WPI (Jul), German ZEW (Aug), Canadian Housing Starts (Jul), US Building Permits/Housing Starts (Jul), Canadian CPI (Jul), US
EUR/USD: Unexpected Positive News from the US ● EUR/USD has been moving sideways in the 1.0100-1.0270 channel for almost three weeks. Timid attempts to break through the upper or lower border of the channel have ended in failure each time. Could it be the summer holiday season to blame? Most likely, the reason is the
EUR/USD: FOMC Meeting Results: Why the Dollar Is Falling and Stocks Are Rising ● So, the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve took place on Wednesday, July 27. There were no doubts that the key interest rate would be raised. But how much? By 100 basis points (bp),
