The slew of strong economic data from the US fosters reassessment of expectations regarding the Fed and pushes the dollar to new highs. EURUSD has tested a new low thanks to a powerful fundamental...
EURUSD Searches for a Key Support Level as US Data Beats Forecasts
The mini-shock in the US CPI for October continues to affect the markets this week. EURUSD has updated its local low and is trading below 1.14 level. The next support can be found at 1.135, where the...
GBP Soars As UK Unemployment Falls Again
Solid Labour Market DataThe British Pound has seen better demand this morning following the latest set of labour market data release today. The unemployment rate in the UK was seen falling back to...
The Dollar Still has Chances to Rise this Week
The week began with a broad greenback retreat, but with varying intensity, from weak to moderate. Industrial output and retail sales in China slowed less than expected, dampening risk aversion...
Kishida Stimulus Plan In Focus Following Japan GDP Miss
GDP Falls AgainThe latest set of economic data out of Japan overnight has put renewed focus on expectations that new PM Fumio Kishida will unveil a sweeping new stimulus plan. One of Kishida’s main...
Precious Metals Monday 15-11-2021
GoldThe safe haven asset has started the week on a somewhat softer footing with net sales kicking in at the European open. However, price remains firmly higher on the month following the breakout...
Key Economic Events and Reports of the Upcoming Week
On Monday, November 15, important data will be released on two Asian economies - Japan and China. These are data on GDP and industrial production. Market participants will assess the impact of...
Markets Don’t Believe in the ECB’s “Cooling Inflation” Story
Eurozone inflation expectations may continue to run hotter than the 2% target of the ECB next year, a Reuters survey of economists showed. At the same time, experts revised their forecasts for...
GBP, EUR may Soon Find Support Thanks to Strong Technical Levels
Much of the fall in EURUSD this week was due to the widening of the rate differential between short-term EU and US bonds. Following the CPI release on Wednesday, the yield gap rose 4 bps. and then...
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