GBP/USD refuses to catch pace despite a 0.9% gain in UK’s retail sales in January
February 20th
The UK’s Office for National Statistics released the monthly retail sales report on Thursday. Following a slow end to 2019,... Statistics Canada reveals a 2.4% growth in Canada’s annual inflation
February 19th - Statistics Canada announced the monthly consumer price index (CPI) report for January on Wednesday. The data highlighted a 2.4% growth in Canada’s annual inflation last month. Much of the gain, according to the analysts, was attributed to higher prices for...
UK consumer prices increase at a 1.8% annualized rate in January versus 1.6% expected
February 19th - United Kingdom’s Office for National Statistics (ONS) announced the Consumer Price Index (CPI) report on Wednesday. The index hinted at UK’s inflation to have increased sharply in January to record a new 6-month high. The rise in CPI, as per...
USD/JPY Breaks Out On Improved Risk Appetite and Upbeat US Data, Hits 9-Month High
February 19th - USD/JPY has finally managed to break above $110.30 and post a 9-month high on the improving risk sentiment. The bulls are now eyeing another important resistance around $111.30. Fundamental analysis: Improving the global risk sentiment helping the USD Investors are...
December’s report suggests a sharp decline in manufacturing sales in Canada
February 18th - Statistics Canada announced the monthly manufacturing sales report for December on Tuesday. The data highlighted Canadian factory sales to have sharply declined in December. 2019 was a tough year for Canada’s manufacturing sector at large. Tuesday’s data highlighted that the...
ZEW German economic sentiment drops sharply in February
February 18th - The European Economic Research center, ZEW, revealed the monthly economic sentiment index on Tuesday. Recorded sharply lower than the economists’ forecast for February, the report weighed on Euro in the forex market that immediately lost traction following the release of...
Eurozone finance ministers to meet on Monday and discuss the need for more fiscal stimulus
February 17th - Finance ministers of the Eurozone are to hold a meeting on Monday to discuss a document that accentuates the requirement of tweaking the region’s monetary policy to add more fiscal stimulus and fuel growth. Such a strategy is expected to...
Asking prices for marketed properties in the UK increase 0.8% to near a record high
February 17th - Rightmove’s House Price Index (HPI) for the United Kingdom came out on Monday. According to the property website, asking prices for houses in the UK placed on sale in February saw an increase this month that was fueled by the...
RaboBank says GBP/USD is likely to trade below 1.30 level in the upcoming months
February 16th - Following the resignation of Chancellor Sajid Javid on Friday, Sterling was seen gaining traction in the forex market. Reportedly, his resignation came following PM Johnson’s order to let go of his advisory team, on which the Chancellor commented that no...
U.S industrial output drops by 0.3% in January weighed by warm weather and Boeing’s production halt
February 16th - The U.S Federal Reserve released its monthly industrial production report for January on Friday. As per the data, industrial production dropped by 0.3% in the United States last month. Much of the decline was attributed to unseasonably warm weather that...
GBP/USD Recovers After Chancellor Javid Quits
February 15th - The pound recorded a positive week against the dollar as it managed to erase around half of the prior week’s losses. Investors were aggressively buying the pound after the UK Chancellor Sajid Javid resigned. Fundamental analysis: Sunak to replace Javid...
UoM consumer sentiment index improves in February despite the recent outbreak of Coronavirus in China
February 15th - The University of Michigan revealed the U.S preliminary consumer sentiment data for February on Friday. The report suggested improvement this month despite the recent outbreak of Coronavirus in China that was expected to weigh on the economy. The UoM recorded...
Core retail sales in the U.S suggest no change in January raising questions on the economy’s strength
February 15th - The U.S Census Bureau announced the retail sales report for January on Friday. As per the data, consumer spending declined last month with clothing stores marking the worst sales in over a decade. Friday’s data, as per economists, may also...
Forget the ISA and Savings Accounts! You Could Take a Chance on Forex Trading GBP/USD
February 14th - Safe and steady investments aren’t right for everyone. Rather than gently building up your savings, you might be ready to take on something riskier. The British Pound has taken a hammering lately, so it could be ready to strike back...
Recession risks heighten in Germany with the quarterly economic growth posting at 0.0%
February 14th - Destatis announced the German preliminary GDP quarterly report on Friday that showed the economy to have weakened in the last quarter of 2019. Much of the weakness was attributed to lower state spending and downbeat private consumption. Friday’s data suggested...
EUR/USD Hits A 34-Month Low On Renewed Dollar Demand
February 14th - EUR/USD has fallen to the lowest levels seen since April 2017 on the continuous investors’ demand for the dollar. The political uncertainty in Germany isn’t helping the EUR bulls at all, as the EUR/USD eyes levels below $1.08 next. Fundamental...
U.S core CPI posts at 0.2% in January versus December’s 0.1%
February 13th - The U.S Bureau of Labor Statistics announced the Consumer Price Index (CPI) on Thursday. The report cited greater household spending on clothing and rents that saw an increase in the index in January. Thursday’s data, as per the experts, suggested...
NZD/USD Gains More Than 1% On Hawkish RBNZ
February 12th - NZD/USD has gained more than 1% today after the Reserve Bank of New Zealand (RBNZ) delivered an optimistic message to markets. The price action now tests the key resistance area around the $0.65. Fundamental analysis: RBNZ expects economy to rebound...
NZD celebrates as the New Zealand central bank keeps rates unchanged on Wednesday
February 12th - The Reserve Bank of New Zealand (RBNZ) decided in favor of keeping rates unchanged on Wednesday in line with what the analysts had expected. The central bank also minimized the previous hints that rates could be cut moving forward if...
Pound Sterling drops below 1.29 level as UK’s economic growth in 2019’s Q4 posts at 0.0%
February 11th - The UK’s Office for National Statistics announced Britain’s quarterly gross domestic product (GDP) report on Tuesday. The data suggested the economy to have flatlined in the recent quarter. The UK was under severe Brexit driven pressure in 2019’s last quarter....
Business conditions remain weak in Australia as confidence posts marginal improvement in January
February 11th - NAB business confidence report highlighted the business conditions in Australia to have remained weak on Tuesday. The report suggested minor improvement in confidence as compared to its previously recorded worst reading since 2013. The business conditions index of the National...
USD/CAD prints a 4-month high despite optimism of the housing starts and building permits data
February 11th - The Canada Mortgage and Housing Corporation (CMHC) released the housing starts and building permits report for January on Monday. Despite beating the markets’ estimates on both fronts, however, USD/CAD was seen trading higher at 1.3324 following the release of the...
China’s factory-gate prices break a six months streak of YoY decline in January
February 10th - China’s factory-gate prices have been in a downward spiral (year over year) in the past six months. While the January’s data broke the streak, analysts remain wary of the recent coronavirus outbreak in China to remove the optimism in the...