Australia & New Zealand Weekly: RBA Lowers Inflation Forecasts to Reflect “One-off” Effects
Week beginning 13 August 2018 RBA lowers inflation forecasts to reflect “one-off” effects. RBA: RBA Governor Lowe Semiannual Testimony, Assistant Governor Ellis speaks. Australia: Westpac-MI Consumer Sentiment, wage price index, employment, NAB business survey. NZ: REINZ house prices and sales....
Week Ahead – Pound Looks to UK Data to Halt Slide; US Retail Sales and Aussie Jobs Coming Up Too
Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though...
The US Dollar Index Has Updated The Weekly High. The Potential For Growth Remains
The US dollar rose against the basket of major currencies during yesterday’s trading. The US dollar index (#DX) updated the weekly high and closed in the positive zone (+0.60%). Yesterday, the producer price index was published in the US, which...
Dollar Demand An Unstoppable Force, US Inflation & UK GDP On The Agenda
Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.63% on Friday, extending the significant gains it posted in the previous session and touching a new 13-month high. The euro and the pound...
USD/CAD Canadian Dollar Lower after Flight to Safety from Investors
NAFTA Optimism not Lifting Loonie The Canadian dollar is lower on Thursday awaiting employment data to be released early on Friday. The diplomatic row between Canada and Saudi Arabia continues as both nations are standing their ground. Oil prices have...
UK GDP Next on the Horizon for the Battered Pound
The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE’s latest forecasts. While a strong print could help the battered...
Hot August For Currency Markets
This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in...
Currency Majors Showed Mixed Results
During yesterday’s trading, the US dollar fell slightly against the basket of major currencies. As the Office of the US Trade Representative reported, the US authorities would impose a 25% duty on the import of Chinese goods to the United...
Saudi Arabia Sells off Canadian Assets, Loonie Falls
It’s being reported by FT that the Saudi’s are selling off Canadian assets in response to Ottawa’s criticism of the arrest of a female activist last week. Apparently, the Saudi central bank and state pension funds have been instructed to...
Sterling Plunges Amid Worries of No Brexit Deal; RBNZ Rate Announcement Pending
Here are the latest developments in global markets: FOREX: The US dollar weakened by 0.27% versus the Japanese yen on Wednesday, with dollar/yen trading near 111.00, while the US dollar index, which gauges the greenback’s strength against a basket of...
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