Eurozone inflation reaches 5.0% year-on-year in December. The IPC rises 0.4% in December, similar to the preliminary reading. EUR/USD remains unchanged around 1.1350. According to Eurostat’s final reading of the report of the Consumer’s price index Eurozone CPI for December, prices rose at a 5.0% pace from 12 months ago, in line with the flash […]
Tag: IPC
GBP/USD testing key uptrend, eyes on a break below 1.3600
GBP/USD is consolidating just above 1.3650, modestly lower for the day, ahead of a busy week of UK data. The pair is testing a key uptrend, a break below which could open the door for a move to 1.3600. Amid the lack of release of level one data from the US or Fed members (who […]
USD / JPY struggles near three-week lows around 114.25-20 after US data.
USD / JPY witnessed strong selling for the second day in a row amid widespread USD weakness. The rally in US bond yields did little to impress USD bulls or lend any support to the pair. A positive risk tone could undermine the JPY as a safe haven and help limit any further declines. The […]
USD / CAD recovers from a two-month low, still negative below the 1.2500 level
USD / CAD continues to lose ground for the third day in a row and falls to a more than two-month low. Selling around the USD after the US CPI remains unabated and is seen as a key factor putting some pressure on the pair. A pullback in oil prices weighs on the CAD and […]
GBP / USD rises near 1.3750 to highest level since Oct 29
GBP / USD gains strong continuation traction on Thursday and shoots up to a fresh multi-month high. Selling around the USD after the US CPI remains unabated and is seen as a key factor in the pair’s upward movement. Political drama in the UK could limit earnings amid mild overbought conditions and ahead of Brexit […]
GBP / JPY falls back below 157.00
GBP / JPY has retraced below the 157.00 level on Wednesday after rejecting a push attempt above 157.50. As the dollar dips after the US CPI data, the overbought British pound has been struggling to profit as much as its G10 peers. The GBP/JPY it ran out of steam when it tried to climb above […]
GBP / USD rises to 1.3700 as the dollar plunges after CPI, but now looks overbought
GBP / USD has risen recently and is now testing the 1.3700 level and a key downtrend. The USD is weakening after the latest CPI report and Powell’s comments on Tuesday failed to fuel new aggressive line bets from the Fed. But GBP / USD now seems quite overbought / overstretched on some metrics, which […]
USD / CHF falls below 0.9200
USD / CHF falls below 0.9200 as long dollar positions disappear after better-than-expected CPI fails to stimulate new aggressive line bets from the Fed Amid what appears to be a huge exit from long dollar positions after the latest US inflation report failed to fuel aggressive new bets from the Fed, the USD/CHF it has […]
GBP / USD rebounds to 1.3680-85, the highest level since early November after the US CPI.
GBP / USD spiked to a more than two-month high during the early days of the American session. The latest US inflation figures did little to revive demand for the USD or stall the move. Sustained strength beyond a downtrend line will set the stage for further gains. The pair GBP/USD captured new offers during […]
AUD / USD remains confined in a range above 0.7200, awaiting the US CPI.
AUD / USD hovered in a tight trading range during the first half of the European session. A positive risk tone coupled with subdued USD demand acted as a tailwind for the perceived riskier Aussie. Investors seemed reluctant to make aggressive bets ahead of critical US consumer inflation data. The pair AUD/USD it ranged from […]