The pound failed to take advantage of positive data
The dynamics of the pound is still predetermined by the movements of the dollar, the vector of which will be set by US inflation data today. Their publication is expected at…
Due to inflation in the US and Europe began to eat less chocolate
Rising prices reduce consumers’ cravings for chocolate. In response, manufacturers sometimes reduce the weight of the final product. Shoppers are cutting back on chocolate due to a cost-of-living crisis in Europe…
USD/ZAR: South African Rand Fell to Long Term Lows Yesterday
As of this morning the USD/ZAR is trading near the 16.97000 mark in relatively consolidated action as financial houses try to find equilibrium after yesterday’s encounter with long term highs. Tuesday’s…
AUD/USD Forecast: Aussie Attempts to Recover
The Australian dollar has bounced a bit during the trading session on Tuesday as we have seen a huge move in favor of the greenback against almost everything. At this point,…
Germany July ZEW survey economic sentiment -53.8 vs -38.3 expected
Prior -28.0 Current conditions -45.8 vs -34.5 expected Prior -27.6 Slight delay in the release by the source. That’s a significant miss as ZEW notes that the combination of concerns…
Japan Chief Cabinet Sec urges attention be paid to inflation causing lower spending power
Adding to comments from Suzuki earlier: Japan fin min Suzuki says rapid yen weakening has been seen recently Japan’s Chief Cabinet Sec. Matsuno adds: the downside risk of inflation on…
FX option expiries for 12 July 10am New York cut
There’s just one notable expiry on the board for today, as highlighted in bold. That being for USD/JPY at 137.60, though the level doesn’t really offer up too much technical significance.…
ETH/USD: Erosion of Value Strikes Ethereum Speculators Again
The past few days of trading have seen ETH/USD falter as speculative resistance has proven durable and an erosion of value threatens again. ETH/USD is trading near important support levels…
Fed’s George Fed Pres. George: Speed at which interest rates should rise an open question
Kansas City Pres. Esther George on the wires saying: speed at which interest rates should rise an open question moving too fast risks over steering communicating the path for rates…
Inflation in Belarus since the beginning of the year amounted to 13.1%
Moscow. July 11th. INTERFAX.RU – The growth of consumer prices in Belarus in June 2022 accelerated to 1.1% from 0.7% in May, data from the National Statistical Committee of the country (Belstat)…