Pound jumps on inflation overshoot
The pound got another shot in the arm after the latest measure of consumer inflation was released this morning, which revealed a surprisingly strong reading for the month of August.
Three central bank rate decisions and US CPI
Today promises to be another busy one for the currency markets as investors consider at least four major events. There are three central bank decisions and top tier economic data from the world’s largest economy to keep market participants busy.
USDJPY in focus ahead of US CPI
After yesterday’s big reversal in the stock markets, the pressure on safe haven yen eased a little. As a result, the USD/JPY was able to extend its gains for the third straight session on Tuesday.
Stocks stage relief rally
Risk appetite improved today as investors bought the latest dip in the equity indices, while safe haven Japanese yen gave way to riskier currencies in the FX markets.
GBPJPY carving out a bottom
GBP dumped below 1.3000 in what looked like a mini flash crash. Bizarrely, this came just after the release of solid-looking UK wages data.
Week ahead volatility should remain elevated
It is going to be a busy week in the markets, particularly for the pound with the upcoming release of key UK economic data, BoE’s rate decision and perhaps more importantly Brexit-related headlines.
GBPUSD Back Above 1.30 as Barnier says Brexit Deal Realistic in 6-8 Weeks
Sometimes, it’s best to keep the analysis simple.
NFP Recap Are Wages Finally Turning the Corner
In a world where financial media sensationalizes every US jobs report as “The Most Important Jobs Report Ever,” even the most bombastic personalities had to admit today’s release was relatively insignificant, at least as far as Non-Farm Payroll reports go.
Gold could rebound amid elevated risks
Understandably it has been a rather quiet day in the markets with North Americans out celebrating Labor Day. But with the summer holidays over, volatility should pick up from now on. In fact, this week promises to be a busy one in terms of macro events.
Could EURJPY break lower along with stocks
Mirroring the going stock market indecisiveness, the risk-sensitive EUR/JPY is currently stuck below a key technical area around 129.50. We are waiting to see if it will start to break down with some follow through now, or whether the buyers will come back and regain control.
Week Ahead: G7, Central Banks and Key Data Take Centre Stage
Ahead of next week’s major central bank meetings and key data releases, the market’s focus has turned to trade tensions as the G7 meetings get underway in Canada and it looks like US President Donald Trump is taking on the whole world.
EURCAD breaks out ahead of Canada jobs G7 and ECB meetings
The single currency has performed particularly well against the Canadian dollar, which has been undermined by continued uncertainty over NAFTA negotiations and recent volatility in oil prices.
Silver could stage sharp rally soon
With much of the attention on Bitcoin becoming a potential replacement for gold (which we don’t agree with) silver has been almost forgotten.