Day: July 13, 2023
The market’s most traded currency pair maintains upward momentum on Thursday. The current EURUSD quote is 1.1140. So, the US dollar dropped to its annual low against the Euro after the US published statistical data on the Consumer Price Index in June. The index rose by 0.2% m/m against the forecast rise of 0.3%. Such […]
The FTSE Finish Line – July 13 – 2023 FTSE & Sterling Shine As Miners Lead The Charge, Homebuilders Weigh The FTSE recorded a second day of gains on Thursday heading into the close; the blue chip index was up 0.6%, driven by the positive performance of energy and mining stocks. The increase in commodity […]
US CPI Falls Again The US Dollar has come under heavy selling pressure today on the back of yesterday’s US inflation data. On the yearly figure, CPI was seen cooling to 3% from 4% prior, below the 3% reading the market was looking for. Both monthly readings were also seen coming in below expectations. Having […]
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USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on H4 and the RSI are in their oversold areas. In these circumstances, the instrument is expected to rise above -1/8 (0.8667) and advance to the resistance level of 0/8 (0.8789). The scenario can be cancelled by a downward breakout of the support at -2/8 (0.8544), which […]
The British pound sterling does not stop the rally against the US dollar. The current GBPUSD quote is 1.3000. The fall of the US dollar provided support for the pound and added to the list of triggers recently launching the rise in the GBP rate. From the fundamental point of view, the pound relies on […]
GDP Dips in May… But Less Than Expected The latest set of UK economic data today was a mixed bag. On the headline GDP reading, the UK economy was seen contracting in May, falling 0.1% against the prior month’s 0.2% reading. However, the dip has largely been attributed to the extra bank holiday in place […]
Gold Rallying The fall in USD this week has helped gold prices recover sharply. With US inflation seen cooling further last month, US rate hike expectations have plummeted. While a hike is still priced in for the July meeting, beyond that traders are expecting the Fed to hold rates steady through until the first projected […]
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