Joshua

The The Consumer Price Index (CPI) of Spain has fallen five tenths in the preliminary reading for November, standing at 6.8% from 7.3% in October, its lowest level in the last ten months. The result improves market forecasts, which expected a rise to 7.4%. This evolution is mainly due to the drop in fuel prices, […]

The EUR/USD failed to break the 1.0500 level yesterday and has fallen back to the 1.0350/1.0400 area. ING economists expect the pair to drop below 1.0300. Few signs of a reduction in inflation “Eurozone exposure to China is a key factor to watch for the Euroand could easily offset the benefits of lower energy prices.” […]

USD/JPY is back under selling pressure on Tuesday amid widespread US dollar weakness. Rising expectations for a less aggressive rate hike by the Fed continue to weigh on the dollar. A positive risk tone could weigh on the safe-haven JPY and help limit the pair’s decline. The pair USD/JPY fails to capitalize on the previous […]

GBP/USD fell below 1.1950 late on Monday, but reversed direction early on Tuesday. ING economists expect the pound to remain vulnerable until the end of the year. Focus on the testimony of the Governor of the Bank of England, Andre Bailey “A significant change in Bailey’s policy rhetoric two weeks before the BoE meeting seems […]

USD/JPY remains under pressure at the moment, although a deeper pullback to the 137.00 region looks unlikely in the short termaccording to economist Lee Sue Ann and market strategist Quek Ser Leang of UOB Group. Featured Comments 24 hour view: “Yesterday, USD/JPY fell sharply but briefly to 137.48 before rebounding hard. The downside pressure has […]

The ECB continues to attract attention with hawkish comments. But eurozone inflation figures for november could curb fantasies of easing inflationaccording to Commerzbank economists. Eurozone inflation is expected to have eased slightly in November “Recent hawkish comments from the ECB have fueled speculation of a 75 basis point hike. If today’s and especially tomorrow’s inflation […]

GBP/USD is now seen navigating the 1.1850-1.2080 range in the coming weeks, suggest economist Lee Sue Ann and UOB Group market strategist Quek Ser Leang. Featured Comments 24 hour view: “Yesterday GBP/USD rallied as high as 1.2188 before slumping to close at 1.1958 (-1.08%). Although oversold, GBP/USD weakness could extend to 1.1915 before stabilizing. Resistance […]

EUR/GBP lacks firm intraday direction and remains stuck in a tight range. Rumors of more aggressive ECB rate hikes benefit the Euro and offer some support for the pair. Preliminary German CPI and the Bank of England Governor’s speech are the factors driving the pair. The crossing EUR/GBP is struggling to take advantage of a […]

Risk sentiment gets a fresh boost on Tuesday as investors weigh in on the latest tweets from Hu Xijin, a commentator for the influential Chinese state media Global Times. Hu tweeted: “The new Omicron variant is spreading rapidly, prompting adjustment in the COVID response in many parts of China. The current rate of severe cases […]

In its latest Quarterly Forecasts, the New Zealand Institute for Economic Research (NZIER) states that Rising interest rates and high inflation around the world pose a threat to New Zealand’s economic recovery in the next years. main conclusions “Central banks around the world have raised interest rates at a rapid pace in response to the […]