Tag: START

GDP exceeds estimates and rises 0.9% in November

GDP exceeds estimates and rises 0.9% in November GDP exceeds estimates and rises 0.9% in November

UK GDP rises 0.9% MoM in November versus 0.4% expected. The monthly publication of UK GDP has shown that the economy expanded more than expected in November, rising 0.9% versus 0.4% expected. and compared to 0.1% in the prior month prior. On the other hand, the services index for November reached 1.3% month-on-month, compared to […]

USD / CAD Holds Near Weekly Lows, Little Moves Following US / Canadian Macro Data

USD / CAD Holds Near Weekly Lows, Little Moves Following US / Canadian Macro Data USD / CAD Holds Near Weekly Lows, Little Moves Following US / Canadian Macro Data

USD / CAD was down for the third day in a row on Thursday and fell to a new weekly low. As US bond yields bounced, the Fed’s aggressive outlook held the USD up and provided support. An intraday rebound in oil prices benefited the loonie and continued to limit the pair’s rise. The pair […]

EUR / GBP falls below 0.8500 again, but for now finds support at the 50-day SMA

EUR / GBP falls below 0.8500 again, but for now finds support at the 50-day SMA EUR / GBP falls below 0.8500 again, but for now finds support at the 50-day SMA

EUR / GBP falls below 0.8500, although it finds support at the 50-day SMA at 0.8480. The pair falls despite upbeat rhetoric from the ECB and mixed UK GDP figures. The EUR/GBP moves lower on Wednesday and it is trading around 0.8485, which coincides with the 50-day moving average. At time of writing, the pair […]

Pandemic restrictions and supply bottlenecks will slow growth in Q4 2021 and Q1 2022

Pandemic restrictions and supply bottlenecks will slow growth in Q4 2021 and Q1 2022 Pandemic restrictions and supply bottlenecks will slow growth in Q4 2021 and Q1 2022

“The German economy will experience a setback in the last quarter of 2021 and the first quarter of 2022 due to the pandemic, but it is set to regain significant momentum in the spring of next year.“said the country’s central bank, the Bundesbank, in updating its biannual economic forecasts on Friday. Featured Comments “While pandemic-related […]

Third-quarter GDP falls 3.7%, improving on the expected 4.5% decline

Third-quarter GDP falls 3.7%, improving on the expected 4.5% decline Third-quarter GDP falls 3.7%, improving on the expected 4.5% decline

The New Zealand’s Gross Domestic Product (GDP) fell 3.7% in the third quarter of the year after having risen 2.4% in the second (figure revised down from 2.8%). The result improves the market consensus, which expected a drop of 4.5%. This is the first drop seen since the fourth quarter of 2020, when it stood […]

USD / CAD retreats from two-month highs amid weaker USD, focus is on Canadian GDP

USD / CAD retreats from two-month highs amid weaker USD, focus is on Canadian GDP USD / CAD retreats from two-month highs amid weaker USD, focus is on Canadian GDP

A further drop in oil prices undermined the Canadian dollar and pushed USD / CAD to two-month highs. A sharp drop in US bond yields weighed on the USD and kept any significant gains capped. Investors are now looking forward to Canadian GDP, US data and Powell’s testimony to give a boost. The pair USD […]

The Chinese economy could see a risk of ‘near-stagflation’

The Chinese economy could see a risk of ‘near-stagflation’ The Chinese economy could see a risk of ‘near-stagflation’

Liu Shijin, adviser to the People’s Bank of China (PBoC), warned on Monday that the Chinese economy could enter a period of “quasi-stagflation”. Featured Comments “The Chinese economy could enter a period of” quasi-stagflation ” with relatively slow growth and excessively high inflation of producer prices “. “Such a scenario is”very likely“If demand remains weak, […]

USD / JPY remains confined to a range below 114.00

USD / JPY remains confined to a range below 114.00 USD / JPY remains confined to a range below 114.00

USD / JPY witnessed moderate / in-range price action on the first day of a new week. Risk appetite boost, disappointing GDP undercut the JPY and offered some support. Falling US bond yields weighed on the USD and kept any significant gains in check. The pair USD/JPY it balanced between tepid gains / minor losses […]

USD / JPY struggles for direction and consolidates in a range below the 114.00 level

USD / JPY struggles for direction and consolidates in a range below the 114.00 level USD / JPY struggles for direction and consolidates in a range below the 114.00 level

The USD / JPY oscillates in a range on the first day of a new week. Lousy US data on Friday and falling US bond yields weigh on the USD and limit the pair’s gains. A combination of factors weighs on the JPY and helps limit the pair’s decline. The pair USD/JPY lacks a firm […]

EUR / GBP consolidates below the 200-day average, around 0.8560

EUR / GBP consolidates below the 200-day average, around 0.8560 EUR / GBP consolidates below the 200-day average, around 0.8560

EUR / GBP is hovering in a range below the 200 median on Thursday. Brexit nervousness, Bank of England shift in expectation, disappointing UK macro data weigh on GBP. EUR / GBP traded between minor gains and losses on Thursday, on neutral ground, around the 0.8560 region. The cross struggles to capitalize on the gains […]