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FX markets continue to be buffeted by opposing forces and are struggling to define short-term trends. Despite some positive Chinese activity data, Asian currencies are not rallying, suggesting that...
The 0.5% decline in US March producer prices pushed on the door opened by the softer-than-expected CPI on Wednesday. The Fed funds futures market sees the year end rate to a 4.33%, while still pricing...
Last month, US inflation fell more than expected due to cheaper energy and food. The CPI rose 5%, down from 6% the previous month and just below the expected 5.1%. We had warned of this...
EUR/USD movement today hinges on the US CPI release of course. The pair is in a 6-month bull trend but having failed to beat the 100 week, 500-day moving averages & the January high it is looking...
GBPUSD has reversed back down again after finding resistance at the ten-month high of 1.2525 in the preceding week but is currently trying to recoup some of the losses. The momentum indicators are...
The pound has shrugged off dovish comments from BOE member Tenreyo while soft JOLTS data is leading to selling in the dollar. The US ADP report and NFP on Friday will greatly impact the...
The British pound continues to rally and is up for a fourth straight day. BoE member Mann said on Wednesday that the Bank of England will have a difficult time setting monetary policy due to...
While the Fed and Bank of England have provided hints that they are near the end of their hiking cycles, the European Central Bank's policy stance remains too easy for comfort in light of still-hot...
UK credit and money supply data published on Wednesday mostly came out weaker than expected, indicating a continued tightening of financial conditions. The unexpected exception was the number of...
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