Currencies
US CPI AnalysisUS CPI prints mostly in line with estimates, yearly CPI better than expectedDisinflation advances slowly but shows little signs of upward pressureMarket pricing around future rate cuts eased slightly after the meeting Recommended by Richard Snow Get Your Free USD Forecast US CPI Prints Mostly in Line with…
UK Headline Inflation rises by Less Than Expected, GBP/USD Eyes US CPI Recommended by Nick Cawley Get Your Free GBP Forecast UK headline inflation – 2.2% in July vs expectations of 2.3%.Cable consolidates above 1.2800, helped by US dollar weakness.US inflation data is released at 13:30 UK today.UK headline inflation…
Euro (EUR/USD) Latest – German Economic Outlook Slumps in August Recommended by Nick Cawley Get Your Free EUR Forecast The economic outlook for Germany is breaking down, according to the latest ZEW survey, showing ‘the strongest decline of the economic expectations over the past two years.’ According to today’s report,‘It…
UK Jobs, GBP/USD News and AnalysisUK unemployment rate drops unexpectedly but it’s not all good newsGBP receives a boost on the back of the jobs reportUK inflation data and first look at Q2 GDP up next Recommended by Richard Snow Get Your Free GBP Forecast UK Unemployment Rate Drops Unexpectedly…
China slowdown weighs on AlibabaAlibaba reports earnings on 15 August. It is expected to see earnings per share rise to $2.12 from $1.41 in the previous quarter, while revenue is forecast to rise to $34.71 billion, from $30.92 billion in the final quarter of FY 2024.China’s economic growth has been…
Nasdaq 100 looks for more gainsThe index finished up on the week, having rallied back above 18,000 as well as holding above the 200-day SMA.For the moment the buyers remain in control, having lifted the index from its lows. Further gains target 19,000 and then the late July high at…
British Pound (GBP) Latest – GBP/USD AnalysisBoE hawk Catherine Mann is concerned about wage growth.Sterling’s recent revival continues, 200-dsma provides support. Recommended by Nick Cawley Get Your Free GBP Forecast Bank of England MPC policy member Catherine Mann, one of four rate-setters who voted to leave interest rates unchanged at…
Bitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging HigherBitcoin rally hits moving average resistance.Gold within $60/oz. of posting a fresh all-time high. Recommended by Nick Cawley Building Confidence in Trading For all high importance data releases and events, see the DailyFX Economic CalendarBitcoin has recovered all this week’s losses and…
RBA, AUD/USD, GBP/AUD AnalysisRBA Governor reiterates versatile approach amid two-sided risksAUD/USD fights back after RBA Governor Bullock highlights inflation worriesGBP/AUD declines after massive spike higher – rate cut bets revised lower Recommended by Richard Snow Get Your Free AUD Forecast RBA Governor Reiterates Versatile Approach Amid Two-Sided RisksRBA Governor Michele…
Japanese Yen Latest – USD/JPYUSD/JPY trading on either side of 146.00Inflation has shown steady progress towards target.The ‘likelihood of achieving the inflation target has increased further’ and further upward pressure is expected, according to the latest Bank of Japan Summary of Opinions.‘Assuming that the price stability target will be achieved…
