GBP bulls received a further boost this week from solid inflation data released yesterday, fuelling a fresh spate of buying in the British Pound. The latest CPI inflation readings for August showed both headline and core inflation beating expectations. Headline inflation rose 2.7% over August, far outperforming expectations of 2.4% and hitting i...
Crude oil prices were higher this week as the latest data from the Energy Information Administration showed that US crude oil inventories fell for a fifth week last week, dropping 2.1 million barrels to 394.1 million barrels per day for the week ending September 14th. Crude stockpiles are now back down to levels not seen since February 2015. Ho...
Daily Forex Market Preview, 20/09/2018 The U.S. dollar pulled back on Wednesday amid a slight improvement in the emerging markets. Economic data was mostly quiet from the U.S. Consumer prices in the UK advanced 2.7% on the year ending August 2018. This beat the median forecasts of a 2.4% increase. Core CPI also advanced 2.1% beating estimate...
Summary Australia unemployment rate in August was steady at 5.3% Australia adds 44,000 net jobs during the month Most of the gains came from full-time positions which increased 33,700 Jobs data for July was revised lower Initial signs of wage growth keep markets excited, but economists believe that it will take a while before pr...
The next major economic event on the schedule that could have a significant impact on the Swiss Franc is the expected monetary policy decision by the Swiss National Bank (SNB), scheduled for 9:30 CET (3:30 EST). If you are trading the franc or any of its pairs, this is an event to keep in mind. [shortcode-variables slug="act_tradeideas"] T...
Japanese trade data was weaker than expected once again over August, remaining in the red for a second consecutive month. The headline trade balance figure was -445 bln JPY, showing a stark increase from July’s -232 bln JPY. The seasonally adjusted number was also weak at – 190bln JPY, far worse than the expected -144 bln JPY figure the market w...
The market is now entering a crucial phase regarding NAFTA negotiations as the October 1st deadline, imposed by the US, moves ever closer. Indeed, US negotiators are piling on further pressure by saying that Thursday 20th September is the last chance for Canada to agree to the preliminary deal agreed upon by Mexico and the US. The timing is to a...
Daily Forex Market Preview, 19/09/2018 The U.S. dollar was seen trading down on Tuesday. Fresh news about the U.S. slapping China with higher tariffs was met by China responding in the same. The markets were however to the reports. Economic data on the day was sparse. [shortcode-variables slug="act_tradeideas"] In New Zealand, the curr...
The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left interest rates unchanged. Officials highlighted the greater risks on the financial markets due to Brexit. The decision to leave interest rates unchanged comes after just a month ago, the central bank raised the borrowing costs...
The RBA meeting minutes released overnight struck a mostly positive tone with little in the way of significant changes to the bank’s outlook. The bank once again highlighted above-trend growth, a declining unemployment rate and gradual improvement in wage growth. Furthermore, the minutes show that the bank is comfortable with recent developments...
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