Get the latest scoop on the week’s hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. Nasdaq 100 Index Reaches 20,000 points for the First Time GBP Awaits Bank of England Verdict: Volatility Ahead? SNB…
Core PCE inflation to test bets of two Fed rate cuts in 2024 Yen awaits BoJ Summary of Opinions, Tokyo CPI Canadian CPI data also enters the spotlight Will PCE data confirm Fed rate cut bets? Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the…
Data from the United Kingdom reflects a mixed picture of the economy. The Pound Sterling (GBP) has underperformed on the week relative to most of its core peers, Scotiabank’s Chief FX Strategist Shaun Osborne says. GBP struggles to find foothold “UK Retail Sales rose a stronger than expected 2.9% in May, reflecting a rebound in activity…
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USDCHF Bulls Challenged by Persistent Bearish Momentum USDCHF trends lower as buyers struggle to overcome bearish pressure. The currency pair has been the focus of buyers’ attention this week as they attempt to regain their footing in the market. After reversing around the 0.88190 level, the buyers have been trading with more confidence. USDCHF Key…
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(Reuters) – German top industrial union IG Metall will demand a 7% pay rise over a 12-month period from Volkswagen (ETR:) at wage negotiations in October, the union said in a statement on Friday. The talks concern a collective agreement for around 120,000 employees across six company sites in Lower Saxony and Saxony Anhalt states…
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The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% m/m in May, an impressive turnaround from the revised 1.8% decline in April and blowing past the market estimate of…