The UK’s softer CPI report triggers some profit taking around GBP / JPY on Wednesday. The recent widening of the yield differential between the UK and Japan acts as a tailwind for the pair. The BoE rate hike expectations support the prospects for lower level buying. The crossing GBP/JPY it has reversed a dip early […]
Tag: IPC
EUR / GBP remains under pressure below 0.8450 after UK CPI
EUR / GBP remains practically unchanged on Wednesday in the European session. Euro gains are constrained by lousy eurozone data and the pessimistic ECB. UK CPI data does not trigger significant action for EUR / GBP, focus on EU CPI. The crossing EUR/GBP consolidates into a narrow range during Wednesday’s European session. At the time […]
USD / CHF falls to four-week lows and looks vulnerable near the 0.9200 level
USD / CHF is witnessing strong selling for the second day in a row on Thursday. The current corrective decline in the USD is seen as a key factor putting pressure on the pair. Risk appetite does little to weigh on the safe-haven CHF or support the pair. The emergence of new sales around the […]
GBP / USD climbs to two-week highs above the 1.3700 level
GBP / USD gains strong positive traction for the second day in a row amid a weaker dollar. Upbeat signals from the BoE and abatement of fears of a new Brexit-related dispute benefit the British pound. Rising expectations of an early Fed rate hike do not impress USD bulls or stop the pair’s upward movement. […]
USD / CAD falls below the 1.2400 level to lows of more than three months
A combination of factors weighs on the USD / CAD for the third day in a row on Thursday. Rising oil prices benefit the CAD and put pressure amid subdued demand around the USD. Rising expectations of an early rate hike from the Fed acts as a tailwind for the USD and should lend support […]
IPC falls to 0.7% year-on-year, PPI rises 10.7% at the fastest pace since 1995
The China’s CPI consumer price index was unchanged at 0% MoM in September, below the 0.3% expected, according to data published by the National Statistics Office of China showed today. On an annual basis, China’s CPI fell to 0.7% year-on-year in September, down from 0.8% the previous month and below estimates of a rise to […]
USD / JPY recovers initial losses and rises back above 113.50
USD / JPY attracts some buying near the 113.35 region, although it lacks tracking. High US bond yields extend some support to the pair; modest USD weakness limits gains. The focus is now on the US CPI report and FOMC minutes for new directional momentum. The pair USD / JPY has recovered from an intraday […]
GBP / JPY bounces from 3-week lows, returns above 151.00 after Kuroda comments
GBP / JPY witnessed strong selling for the second consecutive session on Wednesday. A sharp spike in demand for the safe-haven JPY put pressure on the cross. The weaker USD, the stronger UK CPI figure supported the GBP and helped limit losses. The crossing GBP/JPY it fell to three-week lows, around the 150.85-80 region in […]
GBP / USD declines from highs, still well offered around the 1.3820-25 zone
GBP / USD regained positive traction on Wednesday and reversed losses overnight. The UK CPI report, better than expected, lifted the British pound amid widespread dollar weakness. Reports that British Prime Minister Johnson will reshuffle his cabinet topped the bright side, for now. The pair GBP/USD it maintained its offered tone throughout the middle of […]
USD / JPY near three-week lows around 109.50 level
The USD / JPY extends the losses after the US CPI of the previous day and moves lower for the second day in a row. Disappointing Chinese data and problems caused by COVID-19 benefit the safe-haven JPY and put pressure on the pair. The rebound in US bond yields supports the USD and helps limit […]
