The pound exchange rate experienced considerable turmoil last week following the release of weak statistics. The latest blow was Friday's lower-than-expected retail sales and the result of a by-election. I'm not sure if UK politics is playing a big role at the moment so I won't delve into that right now, but last week's retail sales figures spoke for themselves,...
Overall inflation has declined, but some factors appear to be persisting. The latest figures from the Office for National Statistics show that inflation across the UK is falling. The consumer price index in September was 6.7% and has been stable since August. The largest monthly change was due to lower food and beverage prices, with gasoline and diesel...
Since August, the market has not priced in a full rally into the November-December session. At the end of August, the probability of an increase in November was 70% (currently down to 10%). of The probability of a rate hike in December has fluctuated between 30% and 55% since the end of August. Yes, WIRP has shifted further outside the curve (allowing for fewer...
International Monetary Fund (IMF) officials said that the yen's depreciation could further worsen as a result of the negative interest rate policy. “As for the yen, we believe exchange rates are influenced by fundamental factors. As long as interest rate differentials persist, the yen will be under downward pressure,” said Sanjaya Panth, IMF deputy director for...
The next phase of the Digital Euro project, the preparatory phase, will begin on November 1, 2023 and initially last for two years. This includes defining the rules for a digital euro and selecting providers that can develop the infrastructure and platform for a digital euro. This also includes testing and experimentation to develop a digital euro that meets both...
It’s been an abnormal week for the US Dollar so far. While the bullish trend took over for much of the past three months, the current weekly bar is showing as an inside bar with the entirety of this week’s range contained inside of the prior week. This isn’t necessarily abnormal, but it does speak to the overbought nature of the move as we came into the month of...
After increasing 1.9% month-on-month in August, the IPPI rose 0.4% month-on-month in September. Energy and petroleum product prices rose 3.7% month-on-month in September, leading to an increase in the IPPI. Price movements for refined products were mixed. Diesel prices rose by 7.0% and gasoline prices fell by 2.3%. Crude oil, the raw material for these products,...
Today, October 20, the Japanese government will begin a meeting expected to last almost two months to decide on a number of new policies, including those related to economic stimulus. In particular, opposition parties are proposing economic stimulus measures such as providing 30,000 yen in cash to low- and middle-income households. The meeting is considered...
A recent survey by market research firm Ipsos found that two-thirds of Canadian respondents have given up on plans to own a home. Additionally, three-quarters believe that buying a home is a privilege for the wealthy. And 71% said the real estate crisis is still ongoing. "The dream of homeownership is becoming a nightmare for an entire generation of Canadians,"...
Hello everyone. i have done my daily analysis of the Nasdaq futures and my take on the price action. i have discussed a lot of things regarding the daily and weekly time frame. i have also shared my personal game plan and shared my strategies and recommendation for the intraday levels. Hope this helps.
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The Canadian Dollar fell against the majority of G10 currencies following the release of data that showed inflation in Canada was slowing faster than economists expected. Canadian CPI inflation rose 3.8% year-on-year in September, said Statistics Canada, which makes for a sharp decrease from 4.0% in August and was below expectations for a reading of 4.0%. The...
Banks and financial institutions buy and sell currencies with each other - these large institutions are the 'market' and the rate they trade at is the 'market rate'. The difference between the amount being bought and sold is the spread, which is essentially the difference between the buy and sell price. However, when currency is sold by banks to retail customers,...
Hello Traders, here is the full analysis. Watch strong action at the current levels for Buy. GOOD LUCK! Great BUY opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
#EURUSD We definitely have a strong short context confirmation on all timeframes, as well as the absence of working with liquidity below Target is PDL - the question of timing
Bitcoin's (BTC) short-term recovery faces a key hurdle just above $27,000. The leading asset's sharp reversal from $28,200 has resulted in a 5% loss in value.
Fed member Bostic told the American Bankers Association that even if the Fed raises interest rates to slow the economy while keeping inflation in check, there is no prospect of a recession. Joseph Trevisani, a senior analyst at FX Street in New York, said Bostic's response comes amid the eruption of conflict in the Gaza Strip. Analysts also said the decline in...