Uptick CPI Sparks Policy Debate
Core consumer price inflation in Japan rose slightly in October. BOJ may soon withdraw monetary stimulus due to persistent inflation. The dollar was generally weak as investors held onto the…
GBP/USD Price Overbought Near 1.2550 on a Dull Day
Bias remains bullish despite minor pullbacks. False breakouts through current resistance levels may herald another selloff. US data should have a big impact today. The GBP/USD price pulled back slightly…
Yen Gains on Japan’s Inflation Uptick
Core consumer price inflation picked up in Japan. The dollar fell 2.8% for the month, heading for its weakest monthly performance. Japanese factory activity contracted for the sixth consecutive month…
Euro Holds Ground After a Boost from PMI
The data hint at a potential easing of the downturn in the eurozone economy. The eurozone economy is likely to contract again in the fourth quarter. The data showed a…
Gold Price Unchanged Under $2,000 After PMI Data
The bias remains bullish despite the latest pullback. US data should be decisive tomorrow. Removing the upper middle line (uml) activates more declines. The price of gold fell after hitting…
EUR/USD Forecast: Markets Lull on Thanksgiving
Currencies were little moved and markets were closed for the US Thanksgiving holiday. US data revealed a larger-than-expected drop in US jobless claims. The European Central Bank will publish the…
Pound Steadies After Hunts Tax Cuts
Jeremy Hunt introduced tax cuts and growth-boosting measures in his autumn budget. Hunt forecast a slower-than-expected UK economic outlook. The data pointed to a larger-than-expected drop in US jobless claims.…
Pound Retains Bid Tone at 10-Week Top
The Fed's minutes failed to change expectations of an impending rate cut. Bank of England Governor Bailey highlighted the risks of sustained inflation growth. Markets are pricing in approximately 70…
EUR/USD Price Slips Below 1.09 as Market Awaits FOMC
The EUR/USD pair looks set to hit new lows as the dollar rises ahead of the FOMC. The lower midline is seen as a potential target. US data could have…
Loonie Loses Strength as Inflation Dips
Canada's annual inflation rate fell more than expected to 3.1%. Money markets have almost fully priced in the BoC's rate cut by April. Speculators increased their bets on the Canadian…
