A combination of supporting factors helps GBP / USD attract some lower buying on Wednesday. UK macroeconomic releases reaffirm optimistic outlook and support sterling. Softer US bond yields limit USD rally ahead of US CPI. The pair GBP/USD has recovered initial losses to the 1.4110 region and remains virtually unchanged on the day, just below […]
Tag: IPC
US dollar index DXY retreats from highs near 90.40 before US CPI.
The DXY index returns initial gains to the 90.40 region. US 10-year yields are also down about 1.61%. US inflation figures measured by the CPI stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, has halted its movement around the […]
NZD / USD flirts with weekly lows below 0.7250
The NZD / USD loses ground for the third day in a row and extends this week’s retracement slide. Risk-off sentiment benefits the USD as a safe haven and weighs on the higher perceived risk NZD. The focus of the market will continue to be on the US CPI report for April, which will be […]
USD / JPY clings to modest gains below 109.00 level
USD / JPY is moving higher for the second day in a row Tuesday amid stronger USD. A rally in US bond yields acts as a tailwind for the USD and continues to support the pair’s upward move. Risk aversion benefits the safe haven JPY and could limit the pair’s rally. The pair USD/JPY moves […]
Annual GDP for April stands at -1.8% compared to the -2% expected; Core CPI drops to 0.8%
The Gross Domestic Product The preliminary report for the Eurozone stood at -1.8% year-on-year in the first quarter, improving the estimated -2% and -4.9%. This is the fifth consecutive quarter with negative growth in the region, although today’s is the best figure since the fourth quarter of 2019. Quarterly GDP has also improved, reaching -0.6% […]
He licks his wounds around the 0.7750 level after Australia’s CPI
AUD / USD makes a corrective pullback as the short-term support line tests the bears. Sellers are hoping to confirm a double top pattern amid a bearish MACD. The bulls need to hit a new monthly high to regain control. The AUD / USD pair recovers some of the losses produced after the publication of […]
IPC rises 0.6% in the first quarter, below expectations
Australia’s CPI consumer price index was stable in the first quarter after the slowdown in the previous quarter. A positive surprise was expected to fuel the debate on a change in monetary policy by the central bank, but the data has not met expectations and the Australian dollar is under pressure. The result has been […]
Annual inflation jumps to 2.2% in March, although below the 2.3% expected
The Consumer Price Index (CPI) rose 0.5% in March, just below the expected increase of 0.6%, matching the February variation. The annual rate went from 1.1% to 2.2%; Despite the big jump, it was below expectations that were for a reading of 2.3%. The Core CPI of the Bank of Canada registered an advance of […]
NZD / USD holds modest gains near the 0.7180 area
New Zealand’s upbeat CPI report helps NZD / USD gain some positive traction on Wednesday. Renewed nerves surrounding COVID-19 benefit the safe-haven USD and limit the pair’s gains. The pair NZD / USD maintains its modest gains during the European session on Wednesday, although it lacks a strong continuation buy and remains trapped within a […]
Annualized CPI does not reach estimates and reaches 0.7% in March
The UK CPI increased by + 0.7% year-on-year in March compared to the + 0.8% expected. The UK monthly CPI reaches + 0.3% in March compared to the + 0.3% expected. The 12-month rate of the consumer price index UK CPI has reached + 0.7% in March compared to the + 0.4% seen in February […]