Tag Archives: inflation

The GBP/USD pair has consolidated its gains above 1.2580 during the early Asian session, with the major pair holding above the key 100-day Exponential Moving Average (EMA) but still capped under the 1.2600 hurdle. The US Consumer Price Index and Retail Sales report for April will be in the spotlight, …

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, …

Despite resolute US PPI data that heightens doubts about September Fed rate cuts, the EUR/USD pair rises just above 1.0800. April’s US annual PPI beat forecasts and monthly data exceeded expectations. With service inflation moderating to 3.7%, the Eurozone Price Index is expected to reach 2% again soon. In the …

The Canadian Dollar flattened on Monday as the new trading week began with a data-light economic calendar. Investors are focusing on rate cut expectations from the Fed with updates to US inflation data due later in the week. On the Canadian front, there was a sharper-than-expected decline in new Building …

US bond yields continue to decline amid the absence of key economic data, leading to the continuation of factors that had led last week to a decline in dollar assets, most notably employment data.There are also speculations for inflation data; the CPI and PPI data in the United States, as …

The dollar consolidated against major peers on Monday as market participants awaited U.S. inflation data to assess the prospects of interest rate cuts this year. After a softer-than-expected U.S. payrolls report for April and seemingly dovish Federal Reserve policy announcement earlier this month, expectations have increased for rate reductions this …

With modest gains on Friday, the US Dollar Index, DXY, closed the week marginally higher. In order to assess the state of the US economy and any potential changes to Fed projections, markets are expecting additional economic data. While investors anticipate the next Federal Reserve’s decisions, the value of the …

On Friday, the dollar found its footing after experiencing overnight losses fueled by U.S. data signaling a cooling labour market. Meanwhile, the British pound edged higher following robust first-quarter economic performance in the UK. Dollar Performance Against the Japanese yen, the dollar regained some ground, trading at 155.68 yen, marking …

On Thursday, the Turkish Central Bank revised its inflation forecast for the end of the year, projecting it to reach 38 percent. Governor Fatih Kara Khan emphasized the bank’s commitment to taking decisive measures to prevent further deterioration in inflation, reaffirming its stance on tightening monetary policy. Presenting the quarterly …

Tuesday saw gains in the US market indices as worries and concerns over the country’s economy, lest it should fall into a recession, eased further. US economic figures indicated that recent data was the worst since February 2023. As a result, there is growing anticipation that the Fed will soon …