GBP/JPY erases some of its gains, set to finish the week with more than 3% gains. GBP/JPY traders mainly ignored UK’s political turmoil. The cross-currency is range-bound, as depicted by the one-hour chart. The GBP/JPY trims some of its Thursday’s … [Continue reading]
Colombia Retail Sales (YoY) came in at 8.1%, above forecasts (7.5%) in August
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
ECB’s Vasle: 75 bps rate hikes at both October, December meetings may be appropriate
European Central Bank (ECB) policymaker Bostjan Vasle said on Friday that 75 basis points rate hikes at the October and December meetings may be appropriate, as reported by Reuters. Additional takeaways "Appropriate to discuss QT once rates … [Continue reading]
India WPI Inflation came in at 10.7%, below expectations (11.5%) in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
NZD/USD Price Analysis: Bulls approach 0.5700 hurdle despite mixed China inflation
NZD/USD takes the bids to extend the previous day’s rebound from 31-month low. China’s CPI rose to 2.8% YoY but PPI eased to 0.9% during September. Sustained break of 50-SMA, firmer oscillators favor buyers to cross the monthly resistance … [Continue reading]
New Zealand Business NZ PMI came in at 52 below forecasts (52.5) in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
AUD/USD regains lost ground an returns to levels near 0.6300
The aussie bounces up from six-month lows at 0.6170 and returns to 0.6300. The US dollar losses ground as the effect of US CPI data ebbs. AUD/USD might depreciate below 0.6000 – ING. The Australian dollar is going through a sharp recovery during … [Continue reading]
United States Initial Jobless Claims above forecasts (225K) in October 7: Actual (228K)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Coronavirus Update: Shanghai reimposes strict measures as cases rise
The Financial Times (FT) is reporting on Thursday, half of Shanghai districts will be under lockdown this weekend to test millions of residents after signs emerged of renewed community transmission of coronavirus. This comes after China’s financial … [Continue reading]
AUD/USD Price Analysis: Aussie bulls meet offers as risk-off impulse rebounds
A descending triangle formation indicates a volatility contraction in the asset. Aussie bulls have failed to keep the asset above the 20-and 50EMAs. The downside break of the chart pattern could drag the asset below the psychological support of … [Continue reading]