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The U. S. dollar regained bullish traction on Friday and is rallying nearly 0.5%, erasing the previous two days’ losses. The USD/JPY is testing levels above 114.00 at the time of writing, after having bounced up from two-week lows at 113.25 on Thursday. Higher inflation expectations and stronger yields are …

It is Eurozone GDP day again and the just released German GDP data shows that private consumption alone is not sufficient for the economy to keep up with fast growing economies like France.Supply chain disruptions will delay the moment for the German economy to return to pre-pandemic levels as it …

Next week, central bank meetings in Poland and Czechia will be the main focus. After a higher than expected flash estimate for October inflation in Poland (6.8% vs. 6.4%), Poland’s MPC should not go for a 50bp interest rate hike because of inflation.Inflation is expected to exceed 7% in the …

The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session.Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening …

Consumer confidence in the US weakened modestly in October with the University of Michigan’s Consumer Sentiment Index declining to 71.7 in October’s final reading from 72.8 in September. This print came in slightly better than the flash estimate and the market expectation of 71.4.Other details have indicated that the Current …

The European session was packed with data from Europe and the US, here’s a summary of today’s drivers The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the …

The US dollar index, which measures its performance against a basket of six major currencies, rose 0.25% to 93.58 points, moving away from its lowest level recorded yesterday at 93.277 points, the lowest level in nearly a month, and the dollar traded during the day at levels between 93.32 and …

Inflation in the US, measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.3% on a monthly basis in September, the US Bureau of Economic Analysis reported on Friday. Annually, the PCE Price Index edged higher to 4.4% from 4.2% but came in lower than the market …

Reuters quoted two sources as saying that the OPEC+ Joint Technical Committee reduced its estimates for the growth of global oil demand this year to 5.7 million barrels per day from 5.8 million, amid the continued strong recovery of consumption since its collapse in 2020. One of the sources said …

Gold prices fell, with the rise of the dollar, while investors are looking for more clues from an upcoming meeting of the Federal Reserve’s monetary policy committee (the US Central Bank) to reduce economic stimulus as inflation expectations rise. Spot gold fell 0.4% to 1791.81 per ounce. US gold futures …