Share: The US Dollar is in the green and is set for weekly gains. ECB Lagarde dropped the ball and the Euro got punished. The US Dollar Index stronger as PPI and Retail sales surprise to the upside. The US Dollar (USD) firmly above 105 in the US Dollarindex (DXY) and has the
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: Office for National Statistics will release the UK labor market report at 06:00 GMT on September 12. The Unemployment Rate in the United Kingdom is set to rise to 4.3% in the quarter to July. The UK jobs and wage inflation data could have a strong bearing on the BoE interest rate
Share: Gold price remains sideways as the market awaits US inflation data for further action. The US Dollar corrects marginally, while the broader bias remains bullish due to US economic resilience. Fed policymakers are expected to maintain the status quo on September 20 as US inflation is falling and the economy is better
Share: Pound Sterling climbs above a two-day high as the appeal for risk-sensitive currencies improves. Investors shift focus to UK employment data for July, which will be published on Tuesday. BoE Pill and Mann are set to speak on Monday and Tuesday, respectively. The Pound Sterling (GBP) rebounds strongly as bearish market sentiment
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: Gold price discovers support as Fed policymakers see no interest-rate increase in September. The USD Index hovers near 105.00, preparing for a fresh upside amid the risk-off mood. Fed’s Goolsbee said the central bank is aiming to push the economy on a “golden path”. Gold price (XAU/USD) extends recovery as Federal Reserve (Fed)
Share: Pound Sterling finds an intermediate support, but the downside seems favored amid global uncertainty. BoE Dhingra warned that further tightening could hurt the UK economy. Investors shift focus to the July Employment data, which will be released on Tuesday. The Pound Sterling (GBP) discovered intermediate support as investors started digesting the potential
Share: The US Dollar is set to book another week of gains. No focal data points on Friday, so expect tepid market movements. The US Dollar Index fails again to hold the 105.00 level, and could start to peak. The US Dollar (USD) has had a strong week after a series of US
Share: The Pound Sterling faces significant pressure as the BoE appears to be reluctant to raise interest rates further. BoE Swati Dhingra said that the current interest rate policy is sufficiently restrictive. The UK services sector shrinks after six months of expansion as consumer spending weakens. The Pound Sterling (GBP) cracked significantly amid
