Share: The GBP/USD is testing three-month lows after closing flat or bearish for seven of the last eight weeks. UK data continues to disappoint, suggesting a floundering economic outlook. US data keeps beating expectations, boosting USD in major trading pairs. The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the
Share: NZD/USD is seeing 0.30% gains and rose to 0.5915. Inflation accelerated in August, driven by higher gasoline prices. US yields initially soared to two-week highs and then consolidated. Fed tightening expectations are still high. In Wednesday’s session, the NZD/USD increased towards 0.5915, near the 20-day SMA of 0.5922. That being said, the upside potential
Share: GBP/CAD trades at 1.6924, pressured by rising oil prices and a UK unemployment rate increase to 4.3%. Bank of England hints at a rate cap at 5.50%, while the Bank of Canada eyes further tightening amid strong job growth. Upcoming monetary policy decisions could dictate the pair’s direction, but higher oil prices
Share: The Euro trades close to 1.0700 vs. the US Dollar. Stocks in Europe en route to a mixed close on Tuesday. EUR/USD’s upside momentum falters ahead of 1.0770. The USD Index (DXY) regains some balance following Monday’s drop. Germany Economic Sentiment improves a tad in September. The NFIB index came in below estimates in August.
Share: The USD/JPY inverts currency flows as the Yen rises and the greenback steps down. The BoJ could be on track to reverse negative rates, sending JPY back up the charts. USD traders will be looking towards US CPI figures on Wednesday. The USD/JPY saw declines in one of the worst-closing trading days
Share: EUR/JPY advanced towards 158.15, setting a 0.40% weekly gain. The cross was rejected by the 20-day SMA the whole week. The daily charts flash signals of exhaustion. At the end of the week, the EUR/JPY cross advanced to the 158.15 area, seeing 0.40% daily and weekly gains. The daily charts suggest a
Share: The USD/CLP is breaching into significant highs as the Chilean Peso crumbles. CLP down significantly as the Chilean central bank starts to axe interest rates in the face of evaporating inflation. Market economists expect the Banco Central de Chile expected to begin making 100-point rate cuts in the coming months. The Chilean
Share: The Euro gathers further steam vs. the US Dollar. Stocks in Europe now trade in a mixed fashion. EUR/USD advances to daily peaks near 1.0730. The USD Index (DXY) breaks below the 105.00 yardstick. Final August CPI in Germany matched the preliminary readings. Wholesale Inventories, Consumer Credit Change come next in the US docket. On
Share: As Wall Street opens positive, NZD/USD rises 0.57% to 0.5907, partially offsetting fears of a global economic slowdown. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data. Traders await key economic indicators next week, including US inflation data and New
Share: Polish central bank cuts interest rates deeper than expected, draws criticisms. Politics appear to be influencing central bank action rather than the economy. Polish inflation is still in double-digit territory despite recent declines. The USD/PLN is pushing higher following an interest rate cut from the National Bank of Poland (NBP), sending the
