The preliminary UK Gross Domestic Product for the third quarter grew by 1.3%, below the 1.5% expected and 5.5% in the second quarter. The Year-on-year GDP increased by 6.6%, without reaching the 6.8% expected, after growing 23.6% in the previous quarter. The UK has also released its industrial and manufacturing production data for September, both […]
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EUR / GBP stable around 0.8550, awaiting UK GDP on Thursday
EUR / GBP remains stable and in range around 0.8550 on Wednesday. Thursday’s UK GDP data could reinfuse some volatility. It has been a quiet session so far for him. EUR/GBP, with today’s forex market largely focused on broader macro issues (such as higher-than-expected US inflation) that have had little impact on the relative strength […]
EUR / GBP continues to retreat from weekly highs and falls to 0.8445
EUR / GBP fell back on Friday and eroded some of the gains that followed the ECB. Expectations of interest rate hikes from the BoE turned out to be a key factor supporting the GBP. Eurozone: inflation and growth show higher figures than expected. The EUR / GBP remained weak in the European session and […]
The GDP for the third quarter remains at 2.2%, improving expectations; Annual CPI jumps to 4.1% in October
The Preliminary Gross Domestic Product for the third quarter of the Eurozone remained at 2.2%, as in the second quarter of the year, two tenths above the 2% expected. Year-on-year, the euro zone economy grew by 3.7%, above the expected 3.5%, although well below the previous 14.30%. The preliminary annual Consumer Price Index for October […]
AUD / USD Struggles at 0.7550 Amid Market Irrigation Appetite
AUD / USD advances in the session, despite the rise in US Treasury yields. The US dollar is weakening, weighed down by a slower rise in third-quarter GDP. Initial jobless claims in the US rose to 281,000, down from the 290,000 expected, improving for the third week in a row. The AUD/USD up during the […]
GBP / USD jumps off worse-than-expected US economic growth report, pierces 1.3800 level
GBP / USD is approaching 1.3800 with a broad sell in US dollars across the board. The US economy slows down its growth rate, but inflation continues to rise. The Fed’s favorite inflation measure rose 4.5%, down from 6.1% in the prior quarter. The pair GBP/USD it rises sharply during the American session, above 1.3800, […]
AUD / USD rises to 0.7525-30 zone, returns near weekly highs set on Wednesday
Increased bets on an early RBA rate hike helped AUD / USD attract some buying on Thursday’s dips. The recovery in US bond yields acted as a tailwind for the USD and could limit the pair’s gains. The pair AUD/USD managed to recover more than 40 pips from the daily lows and climbed to new […]
Economy grows at a rate of 2.0% in the third quarter, below the 2.7% expected
The US first quarter GDP growth estimate showed expansion at an annualized rate of 2%, below the 2.7% market consensus. This represents a slowdown after having grown to 6.7% in the second quarter. ANDs the lowest growth rate since the economy expanded again after the COVID crash in the second half of 2020. The GDP […]
Rises to daily highs and targets 1.3800 again
GBP / USD gains positive traction on Thursday and recovers further from week-long lows. The breakout of the ascending channel appears to have turned the bias in favor of the bears. Continuation weakness below the 1.3700 level is needed to confirm the negative outlook. GBP / USD has built on the previous day’s recovery move […]
USD / JPY remains near two-week lows around 113.50 after Kuroda
USD / JPY saw some selling for the second day in a row on Thursday. A softer risk tone benefits the safe-haven JPY and puts some pressure on the pair. Bulls largely ignore the BoJ’s pessimistic outlook on GDP growth and inflation. The pair USD/JPY remains under slight pressure at the start of the European […]