The EUR/GBP pair hit fresh annual highs in the 0.8470s but has since pulled back to consolidate around the 0.8450 area, where it trades broadly flat on the session.The latest remarks from ECB President Christine Lagarde before the EU parliament did not add anything new to her remarks in last …
Read More »How Does BoE Plan To Reverse QE?
Under strong pressures to act against surging inflation, the Bank of England looks ready to explain how it will reduce the vast pile of British government bonds it has bought over the last decade in repeated attempts to stimulate the economy.Most economists polled by Reuters think the BoE will on …
Read More »US Dollar Sinks After CPI Data
The US Dollar has dropped 30 pips across the board, meanwhile, commodities have jumped, Treasury yields have fallen and the dollar is under broad pressure following the CPI report.The price move is a little tough to square with the data. The numbers were broadly in-line with the consensus, if not …
Read More »Market Drivers – US Session – 11 January
The US dollar sharply fell on Tuesday, following remarks by US Fed Chair Jerome Powell. In the hearing before the Senate on the occasion of his re-nomination for a second term, the US central bank Chief mixed hawkish view of the economy with watchful approach to the federal balance sheet …
Read More »T-Yields Lower Ahead CPI Data
Most Treasury yields turned lower on Thursday, as US stocks relinquished some ground following three straight days of gains.Meanwhile, bond investors are awaiting the US November consumer-price index report on Friday and a Federal Reserve policy meeting next week.Treasuries dated three years and out were seeing some modest buying on …
Read More »Wednesday’s CPI Data Helps Investors Conceptualize U. S. Inflation
On Wednesday, the U. S. economic scene will witness the latest release of the Consumer Price Index, CPI, for October. This data is awaited by investors and traders, as the Federal Reserve dovish tone spurred a selloff in the bond market, while US Treasury yields fall.CPI is unlikely to offer …
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