British pound showing limited movement UK retail sales fall PMIs show manufacturing decline, services accelerate British pound shrugs off weak retail sales, mixed PMI data The week ended with mixed data out of the UK, Read more…
British pound showing limited movement UK retail sales fall PMIs show manufacturing decline, services accelerate British pound shrugs off weak retail sales, mixed PMI data The week ended with mixed data out of the UK, Read more…
Summary We expect the FOMC to raise the target range for the fed funds rate by 25 bps on May 3, bringing it up to 5.00%-5.25% from 0.00%-0.25% only 14 months ago. We also anticipate Read more…
EURUSD started the final week of April with stable moves near 1.0980. In the near term, the market’s focus was on the upcoming US Federal Reserve System meeting, which will end on 3 May. Monetary Read more…
USD/JPY climbs for a third straight day BoJ Core CPI will be released Tuesday New BoJ Governor Ueda chairs his first meeting later this week Japan inflation in focus This week’s data calendar out of Read more…
Daily Pivots: (S1) 133.85; (P) 134.41; (R1) 134.82; More… Intraday bias in USD/JPY remains neutral at this point. Further rally is expected as long as 132.03 support holds. On the upside, break of 135.13 will Read more…
In its latest monthly report, Bundesbank revealed that German economy performed better than anticipated in the first quarter of 2023. Despite persistently high inflation negatively impacting private consumption, industry experienced a stronger recovery. Additionally, goods Read more…
Germany Ifo Business Climate rose slightly from 93.2 to 93.6 in April, below expectation of 94.0. Current Assessment index dropped from 95.4 to 95.0, below expectation of 96.1. Expectations index rose from 91.0 to 92.2, Read more…
Stock futures slip lower with earnings, rates in focus; Week Ahead: Big tech earnings, inflation data on deck; Bed Bath & Beyond shares plunge as retailer files for bankruptcy; First Republic earnings up next as Read more…
GBP/USD is eyeing a key upside break above the 1.2470 resistance zone. EUR/GBP is now consolidating losses above the 0.8825 support. Important Takeaways for GBP/USD and EUR/GBP The British Pound is slowly moving higher from Read more…