GBP / USD drew some lower buying on Wednesday and jumped to week-long highs. The warmer-than-expected UK CPI reaffirmed the BoE rate hike and provided a good boost to the pair. The Fed’s optimistic expectations should prop up the USD and limit gains amid Brexit woes. The pair GBP / USD spiked to week-long highs, […]
Tag: IPC
USD / CAD at 5-week highs zone, testing 1.2600
USD / CAD rises for the third day in a row and sets new highs in five weeks. Continued strength of the dollar, risk aversion and decline in oil keeps the USD / CAD boosted. USD / CAD maintained its demand tone and reached new highs in five weeks in the European session by climbing […]
GBP / USD recovers from yearly lows and rises above 1.3400, rise appears limited ahead of Brexit talks
GBP / USD marks a nice bounce from the new yearly lows hit earlier this Friday. A modest profit take around the USD is seen as a key factor offering some support for the pair. Brexit jitters and last week’s BoE decision limits any significant hikes. The pair GBP/USD has moved higher and away from […]
Just below 1.2600 as US inflation dust settles
CAD looks for a risk catalyst, focus is on Michigan consumer sentiment. Bulls remain supported amid softer oil prices and Fed rate hike expectations. USD / CAD is heading towards the 1.2600 level, facing resistance ahead of 50% Fibonacci. USD / CAD is trading near 1.2600 at the start of the European session on Friday. […]
Bulls remain in control near multi-week highs above 1.2550
A combination of factors pushed USD / CAD higher for the second day in a row on Thursday. It is moving past the 200 DMA, 1.2500 and the resistance of the ascending channel favors the bulls. The overbought RSI on the hourly charts appears to be the only factor limiting the pair’s gains. The pair […]
USD / CAD jumps to five-week highs around 1.2530-35 region
USD / CAD gains strong continuation traction for the second day in a row. The USD extends post-IPC gains and continues to support the pair’s bullish momentum. The fundamental and technical setup looks strongly tipped in favor of the pair’s bulls. The pair USD / CAD has continued to move higher during Thursday’s European session […]
USD / JPY shoots up to test the 114.00 level, focus on 114.50 for the next few days
The US dollar is strengthening after the surprising pace of the US CPI. USD / JPY has rallied 1% on the day and the bulls are looking to break above the round level of 114.00. The US CPI consumer price index rose 0.9% last month after gaining 0.4% in September, sending the USD higher across […]
GBP / USD falls below 1.3420 after US CPI and amid mounting tensions around Brexit
GBP / USD plummets, falls 160 pips on the day due to high US inflation. The US CPI rose at the highest rate in 30 years, reaching 6.2%. Brexit: UK and EU seem far from reaching a post-Brexit deal on Northern Ireland. The pair GBP/USD invest this week’s earnings and some more, plummeting 160 pips […]
Evergrande and US inflation fears sink US stocks
Following a hotter-than-expected US CPI consumer price index for October and the news that Evergrande has missed a 30-day grace period to pay its debts, US stocks have sunk on Wall Street. The S&P 500 Index is down 0.7% at time of writing. First, the CPI has risen 0.9% in the month after rising 0.4% […]
NZD / USD breaks 200-day SMA and dips below 0.7080 amid high US inflation
The NZD / USD falls sharply, while US inflation figures reached the highest level since 1990. A pessimistic market sentiment is driving safe haven currencies such as the USD and weighing on the NZD of higher perceived risk. A daily close below the 200-day SMA opens the doors to 0.7000 and beyond. The NZD / […]