Saul123

On the radar Industrial output growth declined by -1.5% y/y in Poland in August. Producer prices declined by -5.1% y/y. Wage growth remains solid. In Poland nominal wage increased by 11.1% y/y in August, while in Croatia, real wage growth in July was at 12.8% y/y. In Croatia, unemployment rate was a

Wednesday's UK inflation figures did not come as any major surprise. CPI inflation was in line with the median of analyst estimates. The subcomponents did not surprise either. Nevertheless, the currency market took the release as an opportunity to trade the Pound Sterling (GBP) stronger, Commerzbank

European Central Bank (ECB) executive board member Isabel Schnabel said in her scheduled appearance on Thursday that “sticky services inflation is keeping headline inflation at an elevated level.” Additional quotes Price pressures in the services sector are broad-based and global. Pass-through of hi

EUR/JPY is pulling back within a month-long downtrend. Despite some bullish signs the short-term trend remains bearish. EUR/JPY is pulling back after making a lower low on its persistent journey south. Since the August 16 high the pair has steadily declined, tracing out a sequence of falling peaks a

For very good reason the market is preoccupied by the potential policy decisions of the Federal Reserve, Rabobank’s Senior FX Strategist Jane Foley notes. Risk of EUR/USD dips back to 1.10 “In July, market expectations regarding a possible September rate cut from the Fed began to firm up. Consequent

Summary Consumer sentiment rose in early September amid prospects of lower rates in the year ahead. Yet uncertainty around the presidential election and slowing jobs market are holding back optimism. Not to mention, while inflation isn't as big of a problem as it once was, higher prices remain a cha

AUD/USD falls to near 0.6700 as Aussie growth worries weigh on the Australian Dollar. Soft US PPI has renewed debate for potential Fed interest rate cut size. AUD/USD recovers from 38.2% Fibo retracement. The AUD/USD pair corrects to near the round-level support of 0.6700 in Friday’s European sessio

Silver price holds gains ahead of the ECB interest rate decision scheduled for Thursday. ECB is highly expected to lower rates to 4.0% by implementing a 25 basis points rate cut. August’s US Consumer Price Index data have increased the odds of a 25-basis points rate cut by the Fed in September. Silv