Consumer Price Index rises 0.1% in July. Core inflation accelerates to 0.5%, below expectations. The loonie appreciates modestly across the market after the data. The Consumer’s price index (CPI) rose 0.1% in July in Canada, in line with expectations. In June it had risen 0.3%. LThe annual rate fell from the maximum in 39 years […]
Tag: CPI
CPI: From August 18 the trading of shares from the stock option plan
CPI informed the investing public with its announcement, that with the decision of its Board of Directors from 22.06.2022, which was taken by virtue of the decision of the regular General Assembly from 10.03.2022, it was decided to establish a share allocation program in the form of options (“Stock Options”) to management and staff members […]
Gold Price Forecast: XAU/USD remains on the defensive amid modest dollar strength
Gold is moving lower for the third day in a row amid a modest rebound in demand for the dollar. Risk appetite puts some downward pressure on the safe-haven yellow metal. Uncertainty about the magnitude of further rate hikes caps the dollar and offers support. The Prayed enters negative territory for the third day in […]
USD/JPY Price Analysis: Drops to 1-week lows, eyeing 131.40-30
USD/JPY drifts lower for the second day in a row and falls to a one-week low on Thursday. The selling bias of the dollar after the US CPI and the decline in US bond yields continue to put pressure on the pair. The risk appetite boost could undermine the safe haven JPY and help limit […]
AUD/USD Price Analysis: Bulls flirting with hurdle of 200 DMA confluence and ascending channel
AUD/USD receives fresh offers on Thursday and rises to a two-month high amid a weaker dollar. With the odds of a further Fed rate hike in September fading, risk-on sentiment weighs on the dollar. The technical picture favors bullish traders and supports prospects for further short-term gains. The pair AUD/USD It attracts some buying on […]
USD/CHF below 200-day moving average amid weak dollar
USD/CHF falls to new low in months on renewed dollar weakness. Diminishing odds of an aggressive Fed continue to weigh on the dollar. The USD/CHF pair falls for the fourth day in a row and hit a four-month low during the European session. Price shows resilience around 0.9400 and cut losses but unable to break […]
USD/CAD: The bears are approaching the support of the 200-day SMA
USD/CAD pulls back to two-month lows, with the 200-day SMA “safety net” just below. Hopes of a less aggressive Fed and risk appetite continue to weigh on the pair. A rebound in oil prices benefits the CAD and also contributes to capping the pair. The pair USD/CAD remains trapped in a tight range during the […]
USD/JPY falls below 132.50
USD/JPY moves lower for the second day in a row on Thursday amid fresh dollar selling. Diminishing odds of a further Fed rate hike in September continue to weigh on the dollar. The divergence between the monetary policies of the Fed and the Bank of Japan and risk appetite could weigh on the safe-haven JPY. […]
GBP/USD rises to 1.2230 area amid renewed USD selling bias
GBP/USD attracts buying at the 1.2180 area amid fresh selling around the USD on Thursday. Diminishing odds of a further Fed rate hike in September and risk appetite weigh on the USD. The bulls might wait for some continuation buying before positioning themselves for a further move higher. The pair GBP/USD recovers almost 50 pips […]
AUD/USD approaches 0.7100, focus on Wednesday’s two-month high
AUD/USD attracts some buying on Thursday and is back towards the 0.7100 level. Risk appetite weighs on the safe-haven dollar and benefits the risk-sensitive Aussie. Recession fears and aggressive comments from Fed officials the day before could limit USD losses. A sustained move above the 0.7100 level is needed to support the prospects for further […]