China Consumer Price Index (YoY) above forecasts (-0.1%) in July: Actual (0%)
China Consumer Price Index (YoY) above forecasts (-0.1%) in July: Actual (0%)
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China Consumer Price Index (YoY) above forecasts (-0.1%) in July: Actual (0%)
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The SNB has trimmed the policy rate by 0.25%, in line with market consensus and our own pre-announcement call. That said, while a decision to cut rates was never in doubt, some market participants had speculated that the SNB could deliver 50bps of easing in this latest policy decision. Considering that guidance on FX interventions…
In the overnight foreign exchange markets, the notable movement has been a decline in USD/JPY approaching 150, sparked by traders anticipating another interest rate increase from the Bank of Japan. It’s likely that USD/JPY will remain pressured today as we await tomorrow’s January CPI data from Japan. Additionally, we foresee a potential emergence of a…
Oil 30% surge kicked off the week as supply worries dominate the headlines. With a heavy rejection at the $120, will oil recover towards a new record high? #WTI 00:20 #XAUUSD 01:45 Test your trading strategy on forex and stocks with Orbex OPEN LIVE ACCOUNT The post Oil Reverses Gains after $20 Drop!…
Have you noticed how some traders seem to grow their accounts unbelievably quickly? Somehow, they turn modest beginnings into impressive sums… Are they using a hidden formula, perhaps? Well, while it might seem incredible – the truth is far simpler and very achievable. The secret lies in mastering the power of compounding. It’s a basic…
USD maintains its momentum, rising by more than 0.70% on Friday. US Nonfarm Payrolls exceeded market expectations in May, showing a robust recovery in the labor market. September odds fall for a Fed rate cut as positive economic signals abound. On Friday, the US Dollar Index (DXY) expanded its winning streak following stronger-than-forecasted labor market…
Weaker-than-expected US Consumer Price Index (CPI) data released yesterday triggered a downward correction in the US dollar. The USD/JPY pair lost more than 150 points in just a couple of hours, USD sellers in USD/CAD managed to push the price below 1.4400, and European currencies partially recovered earlier-formed reversal patterns for buying. USD/JPY On the…