GBP/USD: Pound Counts on the Best. As in the US, retail sales in the UK also went down. They fell -1.0% in December, which is significantly lower than the forecast +0.5%. Analysts note that real spending in the country was
Australian Dollar Bright Start in 2023 The Australia dollar has started 2023 strongly, rising above 70 cents to highs since August. A softer USD and improved China sentiment have been key. This week’s highlights include Australia’s jobs data, the Bank
GBP/USD Drifting: The British Pound Is Drifting The British Pound is drifting for a third day straight. In the European session, GBP/USD is trading at 1.2161, down 0.09%. We could see stronger volatility from the pound before the weekend, with
US CPI Preview:- Will lower inflation data cause the Fed to pause In general, inflation has been slowing over the last few months. Tomorrow, markets will get a look at December’s CPI print. Expectations are that the headline print will
Gold & silver Struggle Despite Weak US dollar Gold came off its earlier highs while silver turned a touch lower in what has been a quietish day. The US dollar fell further lower, extending it sharp losses from Friday when
Decent US Data ahead of Payrolls | Xtreamforex Today brings this week’s most important data releases both from the Euro area and the US. In Euro area, flash inflation print for December will be released. Individual country data released thus
Upcoming Market Updates: JPY, EUR, CHF, GBP, CAD, USD JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. EUR: German Factory Orders m/m, it measures Change in the total value of
The Minutes from the December FOMC meeting The Minutes from the December FOMC meeting showed that Fed members observed that a slowing of interest rate increases would allow the central bank to assess the progress on inflation and employment. Recall
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD JPY: Monetary Base y/y, it measures Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. JPY: 10-y Bond Auction, it measures Average yield
EUR/USD Slides to three week low The US dollar is showing strong gains against the majors yesterday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. EUR/USD is sharply lower,
Upcoming Market Updates: GBP, JPY, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Final Manufacturing PMI, it measures Level of a diffusion index based on
USD/JPY:- Christmas Week Recovery Rally May Soon Stall Out Beginning of last week, forex traders were expecting to ease into the holidays with relatively low volatility trade until BOJ Governor Kuroda fired off big of a monetary policy decision, tweaking
