ECB Vice President Luis de Guindos recently highlighted the persistence of core inflation, stating that it may be more persistent than markets anticipated. He emphasized that “core inflation remains very sticky,” and while he believes Read more…
Daily Pivots: (S1) 1.0940; (P) 1.0965; (R1) 1.0996; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.1075 is extending. Outlook remains bullish with 1.0830 support intact. On the upside, break of 1.1075 will Read more…
On the hourly chart of EUR/USD at FXOpen, the pair attempted a recovery wave from the 1.0910 zone. The Euro climbed above 1.0945 but it is facing strong resistance near 1.0980 against the US Dollar. Read more…
In volume term, UK retail sales fell -0.9% mom in March, below expectation of -0.5% mom. Ex-fuel sales declined -1.0% mom, below expectation of -0.7% mom. For the year, retail sales was down -3.1% yoy Read more…
Japan’s CPI growth slowed from 3.3% yoy to 3.2% yoy, exceeding the expected 2.6% yoy increase. The CPI core (all items excluding food) remained unchanged at 3.1% yoy, in line with expectations. The CPI core-core Read more…
BoE Monetary Policy Committee member Silvana Tenreyro, known for her dovish stance, has expressed her belief that interest rates have already been raised more than enough. Tenreyro stated, “the shape of the inflationary shock stemming Read more…
Summary Canada’s economy has made a solid start to 2023, with sturdy employment gains over the last six months and monthly GDP figures pointing to respectable growth in the first quarter. However, the cumulative effects Read more…