© Reuters. The Pound (GBP) experienced further losses on Friday, rounding off a challenging week marked by a deepening contraction in the U.K.’s service sector activity, according to the latest survey. This development has intensified recession fears and fueled expectations that the Bank of England (BoE) has concluded its interest rate hikes. The Confederation of
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Elizabeth Howcroft LONDON – The U.S. dollar was just below a six-month high in early European trading on Friday, having strengthened overnight following U.S. economic data, while the yuan got a boost from better-than-expected Chinese
GBP/USD, EUR/GBP Analysis and Charts Cable falls to a three-month on renewed US dollar buying. EUR/GBP slides despite the ECB hiking rates again. For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Introduction to Forex News Trading The ECB hiked interest rates higher by 25 basis points across the
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price stabilised after the US Dollar found some support overnight Rising Treasury yields appear to be driving real yields ahead of US CPI A miss in CPI forecasts might have implications for real yields and XAU/USD Recommended by Daniel McCarthy
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
Australian Dollar, AUD/USD, BoJ, RBA, Fed, Treasury Yields, ACGB, JGB – Talking Points The Australian Dollar has found firmer footing going into Tuesday The BoJ pondered policy adjustments and the US Dollar sank in the aftermath RBA and Fed policy could impact back-end yields. Will they boost AUD/USD? Recommended by Daniel McCarthy Forex for Beginners
Japanese Yen Prices, Charts, and Analysis USD/JPY – The short-term high may already be in place. EUR/JPY – UK jobs and growth data will likely drive this pair. Bank of Japan (BoJ) – Foreign Exchange Market Intervention The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the
US Dollar, USD/JPY, DXY Index, Japanese Yen, Treasury Yields, JGB, BoJ, Kanda – Talking Points The US Dollar ascent continued overnight with the DXY making a new high Firm US data underpinned interest rate markets with firming Treasury yields JGB yields are static. Will that see intervention in USD/JPY at some stage? Recommended by Daniel
© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/ By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets
GBP/USD and EUR/GBP Analysis and Charts The 2023 UK Annual National Accounts revise prior GDP releases higher. Next week’s economic calendar is uninspiring. For all market-moving economic data and events, see the DailyFX Calendar The newly released UK Annual National Accounts 2023 (Blue Book) show that the UK economy grew by more than previously thought
