US inflation unexpectedly dipped in August, falling below the market consensus figure on both the headline and core readings. Headline CPI rose 2.7% year on year down from 2.9%prior and below the expected 2.8%. Meanwhile, core inflation was also weak printing 2.2%, down from both the prior and expected reading of 2.4%. Apparel Drags Prices ...
US Dollar bulls received yet more good news at the end of last week as Friday’s CPI readings for July came in above expectations at 2.9% on the headline reading, remaining unchanged from June and 2.4% on the core (the measure which strips out food and energy prices). Notably, the headline figure, at 2.9495%, was within a whisker of being rounde...
With Trump and Kim meeting this Tuesday, UK Unemployment rate, US CPI, UK CPI, FOMC meeting, ECB meeting, the BOJ monetary policy meeting and so much more this week, what could be in store for the FXMajors? [shortcode-variables slug="go2_tradeideas"]
Inflation, retail sales and GDP mark the major theme for the week ahead. The UK will be releasing the monthly inflation figures for January followed by retail sales data later in the week. The inflation data will come after the BoE voted to keep rates unchanged. Retail sales figures will be closely watched data as the previous month showed a 1.5...
US Dollar Hits Lowest Level Since 2015 The US Dollar index printed fresh lows again this week, falling to its lowest level since 2015. One of the major forces behind the dramatic sell-off is the scale of uncertainty linked to the Fed who will see nearly its entire staff replaced over the coming months. The Fed is expected to raise rates again a...
The markets will be looking to a rather slow week of trading. The week ahead will see only the RBNZ's monetary policy meeting as the key event of the week. No changes are expected from the RBNZ with the OCR steady at 1.75%. The Bank of Mexico will be another central bank that will be holding its monetary policy meeting this week. No changes are...
The week will see a continuation of the key economic indicators from across the world. The week starts off with the French election results in the main backdrop, and the baton will be passed on to Germany which will be holding elections next. On the economic front, China will be reporting the monthly inflation figures on Wednesday while it will...
The U.S. Federal Reserve meeting on Wednesday is likely to overshadow all other economic events over the week. After nearly a month of the markets rallying in anticipation of a Fed rate hike, the markets are geared up for a second rate hike in almost a year after the initial 25 basis points increase. Across the Atlantic, the Bank of England’s me...
The US dollar closed the week as the second weakest currency, only next to the British pound. The US dollar fell sharply over the week but managed to recover some ground on late Friday. Data over the week included weak nonfarm productivity data for the second quarter and a flat retail sales print. Despite a weak print, gold prices settled modest...
The dollar fell to 18-month lows earlier today after the Bank of Japan left monetary policy unchanged. New Zealand’s quarterly GDP numbers beat forecasts, rising 0.70%. Australia’s unemployment rate remained unchanged at 5.70%. In the UK, retail sales continued to surge. In the US, monthly consumer inflation tame! Today’s Economic events ...
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