Market Update

The USD/CHF saw some minor losses before levelling off at 0.8885, suggesting that inflation was slowing down. October’s US Producer Price Index (PPI) increased 1.3% year over year, less than the 1.9% increase that was anticipated.However, October’s Retail Sales performed better than expected, with a 0.1% month-on-month decline. The US …

The Canadian Dollar has extended into a second day of gains following Tuesday’s gains, with wholesale and business sales figures in Canada showing slight recovery. However, declines in Crude Oil prices are keeping CAD gains on a tight leash. Canadian Manufacturing Sales in September beat the street, printing at 0.4% …

The reco0very of gild price has stalled following the release of the key Retail Sales Data and the Producer Price Index (PPI) data. US Retail Sales data for October contracted at a slower pace of 0.1% against estimates of a 0.3% decline. The US monthly headline PPI contracted by 0.5%, …

The dollar fell to low levels on Wednesday, November 15, after falling overnight with the issuance of a surprisingly weaker inflation reading in the United States, which reinforced bets that the US Federal Reserve has reached the end of its monetary policy tightening cycle. At the same time, the offshore …

The unemployment rate in France rose faster than expected to 7.4% in the third quarter, according to official statistics published on Wednesday, a rise that Finance Minister Bruno Le Maire blamed on slowing economic growth. “This is a result of the economic slowdown in Europe and around the world,” Le …

Annual inflation in Britain for October slowed by 4.6%, more than expected to slow by 4.8%, meaning it reached a two-year low last month. Inflation in Britain reached 6.7% during September and August. The Bank of England earlier this month left its benchmark interest rate unchanged at 5.25% after ending …

China’s retail sales and industrial production figures, Australia’s Wage Price Index, and Japan’s Q3 GDP are set to be released on Wednesday. The US dollar experienced a sharp decline in October due to increased inflation, which led to a drop in the Dollar Index (DXY). The 10-year yield fell from …

As softer US CPI data leads to a sharp decline in the US dollar, the GBP/USD pair has surged over 1.80% to trade around 1.2499, namely nearest the 1.2500 level, on the back of the recent US inflation data. October US inflation dropped the most in the last three months …

Home Depot reported a 3% drop in sales and earnings for the most recent quarter, attributed to a combination of consumer caution and a chilly housing market. The company had sales of $37.7 billion, 3% less than the same quarter a year ago, and net earnings of $3.8 billion, about …

The scheduled meeting between President Joe Biden and Chinese President Xi Jinping in San Francisco, according to traders, may signal an optimistic thawing of tensions and improve sentiment towards the Asian country’s battered assets.In Xi’s first trip to the US since 2017, when he met with then-President Donald Trump, the …