TAG: c-gbp-usd
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats After Dovish PPI Report
U.S. DollarDXY 130824 4h ChartU.S. Dollar Index pulls back as traders react to Producer Prices report. PPI increased by 0.1% month-over-month in July, compared to analyst consensus of +0.2%. Core PPI was unchanged on a month-over-month basis, while analys...
2 months ago
UK Core Inflation Rate Drops to 3.3% in July Raising Bets on a BoE Rate Cut
UK Consumer Price Inflation Report for July 2024On Wednesday, August 14, the UK Inflation Report drew significant investor interest following UK labor market data on Tuesday, August 13.The UK core annual inflation rate fell from 3.5% in June to 3.3% in Ju...
2 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Slips Below $103; US CPI in Focus
Market OverviewOn Wednesday, the UK’s CPI came in at 2.2%, slightly below the 2.3% forecast, while the Core CPI dropped to 3.3%, missing expectations of 3.4%.The EUR/USD showed little movement following France’s Final CPI, which held steady at 0.2%, align...
2 months ago
Solid Miss for UK Inflation Data; GBP Sold
According to the Consumer Price Index (CPI), UK headline inflation was +2.2% (YoY) in July versus the +2.3% rise forecasted and was a touch higher than June’s +2.0% print – the Bank of England’s (BoE) inflation target. The rise in headline inflation was d...
2 months ago
US Dollar Index (DXY) News: Dollar Slips as Rate Cut Expectations Rise After CPI Data
Dollar Weakens as Inflation Data Fuels Rate Cut ExpectationsThe U.S. Dollar traded lower against major currencies on Wednesday following the release of key inflation data. Traders are increasingly betting on a Federal Reserve rate cut in September, puttin...
2 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Inflation Rate Falls To 2.9%
U.S. DollarDXY 140824 4h ChartU.S. Dollar Index is losing some ground as traders react to inflation data. Inflation Rate declined from 3% in June to 2.9% in July, compared to analyst consensus of 3%. Core Inflation Rate decreased from 3.2% to 3.3%, in lin...
2 months ago
UK GDP Growth Increased by +0.6% in Q2
According to the Office for National Statistics (ONS), UK economic activity increased by +0.6% in the April to June quarter (Q2), following the UK economy’s growth of +0.7% in Q1 (January to March). This fell in line with economists’ estimates and indicat...
2 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Steady at $102.57, Retail Sales Key
Market OverviewRecent data releases have provided mixed signals, such as, the U.S. Consumer Price Index (CPI) met expectations, with a 0.2% increase month-over-month and a 2.9% year-over-year rise, slightly below the anticipated 3.0%.These figures have ke...
2 months ago
US Dollar Index (DXY) News: Bullish Momentum as Treasury Yields Surge on Strong Retail Data
U.S. Dollar Rises as Treasury Yields Surge on Strong Retail Sales DataThe U.S. Dollar Index (DXY) surged on Thursday, bolstered by a sharp rise in Treasury yields following unexpectedly strong retail sales data for July. The robust economic indicators hav...
2 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Retail Sales Exceed Expectations
U.S. DollarDXY 150824 4h ChartU.S. Dollar Index gains ground as traders react to the strong Retail Sales report. The report indicated that Retail Sales increased by 1% month-over-month in July, compared to analyst consensus of +0.3%. Initial Jobless Claim...
2 months ago
UK Retail Sales Rise by 0.5% in July, Testing BoE Rate Cut Bets
UK Retail Sales Rebound in JulyOn Friday, August 16, UK retail sales influenced investor sentiment toward the Bank of England rate path. Retail sales increased by 0.5% month-on-month in July, recovering from a 0.9% decline in June.FX Empire – UK Retail Sa...
2 months ago
EUR/USD, GBP/USD, DXY Price Forecast: DXY Battles $103—Is a Sell-Off Ahead?
Market OverviewRecent U.S. data showed a mixed bag for the markets, influencing the EUR/USD, GBP/USD, and the Dollar Index. Retail Sales jumped by 1.0% in July, far surpassing expectations of a 0.4% rise, which signals strong consumer spending.However, Un...
2 months ago
US Dollar Index (DXY) News: Greenback Slips as Treasury Yields Drop Amid Economic Concerns
U.S. Dollar Weakens as Housing Data and Treasury Yields Weigh on SentimentThe U.S. Dollar Index (DXY) faced downward pressure on Friday, driven by weaker-than-expected housing data and a decline in U.S. Treasury yields. These developments sparked concerns...
1 month ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Housing Starts Drop 6.8%
U.S. DollarDXY 160824 4h ChartU.S. Dollar Index is moving lower as traders react to Michigan Consumer Sentiment report. The report indicated that Consumer Sentiment increased from 66.4 in July to 67.8 in August, compared to analyst consensus of 66.9. Toda...
1 month ago