EUR / GBP rises for the second day and extended the advance following comments from an ECB official. The weaker dollar, the Eurozone CPI higher than expected and falling stock markets, gave support to the euro. EUR / GBP gained momentum in the middle of the European session and only extended the advance to 0.8598, […]
Tag: IPC
EUR / GBP clings to gains near daily highs around 0.8575
EUR / GBP regained traction on Monday and reversed part of Friday’s retracement. The stability of the dollar played in favor of the euro over the pound. EUR / GBP maintained its modest intraday gains after the first half of the European session and is trading near the highs for the day, around the 0.8570-75 […]
EUR / GBP at four-week high zone, targeting 0.8600
Pound weakness continued to push EUR / GBP higher. Below-expected UK retail sales weighed on the British pound. Risk aversion and a stronger dollar give the cross extra support. The EUR / GBP is holding on to significant weekly gains and is rising again on Friday. It reached 0.8582, the highest level in almost a […]
GBP / USD clings to gains above 1.3750, focus remains on FOMC Minutes
GBP / USD made a modest recovery from multi-week lows amid subdued demand from the USD. COVID-19 jitters, risk aversion, and a rally in US bond yields helped limit USD losses. A combination of factors acted as a headwind for the GBP and limited gains for the pair. The pair GBP/USD it rose throughout the […]
Final CPI is revised down to -0.1% month-on-month in July
Inflation in the euro area reached 2.2% year-on-year in July. The monthly CPI in the block falls 0.1% in July. According to Eurostat’s final reading of the Eurozone CPI report for July, consumer prices stood at 2.2% annually, complying with the general estimate of 2.2%. In the meantime, underlying figures increased 0.7%, matching the consensus […]
CPI falls below estimates at 2.0% year-on-year in July
The UK CPI rose 2.0% year-on-year in July compared to the + 2.2% forecast. The UK monthly CPI reaches 0% in July compared to the + 0.3% expected. The 12-month rate of the UK CPI consumer price index stood at + 2.0% in July, compared to the + 2.5% registered in June, falling below expectations […]
USD / CAD flirts with 1.2500 level, decline seems limited amid lower oil
The USD / CAD witnessed some intraday selling and was down for the second day in a row. The USD witnessed some profit-taking following the release of mixed US inflation data. A further drop in crude oil prices undermined the loonie and helped limit the decline. The pair USD / CAD It fell below the […]
Trying to recover from lows in several weeks, still looking vulnerable
-637642741960378129.png "Trying to recover from lows in several weeks, still looking vulnerable")
AUD / USD was unable to sustain gains on Wednesday and turned negative in European hours. The setup seems skewed in favor of the downside. The attempted recovery move could continue to face stiff resistance near the 0.7360-65 area. The AUD / USD pair was unable to capitalize on the modest bounce from three-week lows […]
The preliminary CPI for July rises 2.2%, improving forecasts; June unemployment rate drops to 7.7%
The July preliminary YoY Consumer Price Index is up 2.2% in the Eurozone, above the 2% expected and 1.9% in June. This is the biggest climb seen since October 2018. The annualized underlying CPI has grown 0.7%, below the estimated 0.8% and 0.9% of the previous month. The indicator registers its most moderate rise since […]
Flirt with daily lows, just above 1.2550
-637630699511472309.png "Flirt with daily lows, just above 1.2550")
USD / CAD faced rejection near the 200-day SMA and was down on Wednesday. The setup still favors the bulls and supports the prospects for a breakout to the upside. Sustained weakness below 1.2500 is needed to negate the positive outlook. The pair USD / CAD it continued its struggle to find acceptance / build […]
