GBP/USD touches a session low of 1.2662
The dollar is putting up a steady front in trading today as it is extending its advance against the likes of the pound, aussie and kiwi on the session. Even USD/JPY is testing session highs currently just above 107.50.
There isn't any notable headlines to c
Canadian Dollar jumps broadly in early US session, after stronger than expected inflation data remove another reason for BoC rate cut. Though, for now, Loonie is overshadowed by Sterling and Swiss Franc, which are the strongest ones. Meanwhile, risk appetite recedes mildly ahead of FOMC rate decisio
The inflation data is due at 0830GMT.
What to expect, this via SG:
Within the core, we expect services inflation to dip slightly after being pushed up in April by timing effects on air fares related to the way the ONS captures air fares in holiday periods. Those effects should start to be reversed
Draghi's speech in Sintra has been published
QE still has considerable headroom
QE limits are specific to contingencies faced by the ECB
If outlook doesn't improve, additional stimulus is needed
Negative rates have proven to be a very important tool
Indicators for the coming quarters point to ling
Brexit and Global trade woes to pressure GBPJPY
I was looking for intraday shorts yesterday on the GBPJPY pair as global risk sentiment soured and Labour's attempt to block a no deal Brexit was thwarted. However, there may be more of a move on the GBPJPY ahead, so a potential swing trade is looking
A quick surge higher sees gold move past $1,350
Bullion takes out the highs for the year and is running stops above $1,350 as price looks to break out to test the highs of last year again. Gold has been on a tear in recent weeks as global central banks grow increasingly dovish amid global trade ten
The Dollar has held net steady versus the Euro and Yen, paring intraday losses in the case against the latter, while AUD-CAD dropped quite sharply amid the juxtaposition of record lows in Australian sovereign debt yields and a Loonie-supporting 2.5%-plus rally in oil prices. AUD-CAD was showing over
GBP/USD moves to a low of 1.2662 on the session
The pound is still feeling a bit of a pinch since overnight trading after Labour's motion to block a no-deal Brexit outcome fell short in parliament yesterday. Tory MPs cheered the result, which is rather ironic given how little support they offered Th
China's consumer price inflation accelerated on food prices in May, while factory gate inflation slowed on weak commodity demand, data from National Bureau of Statistics showed Wednesday.
Consumer prices advanced 2.7 percent year-on-year in May, after gaining 2.5 percent in April. The rate was the f