North Rhine Westphalia August CPI 8.1% vs 7.8% y/y prior
On the month, inflation in Germany’s industrial state is seen up 0.3% relative to July. This continues to reaffirm elevated price pressures and the annual reading fits with estimates of…
EUR/USD somewhat stubborn below parity but only a matter of time?
The pair fell to a low of 0.9915 earlier before hugging 0.9950 levels on the day, being little changed. As much as the dollar is firmer today, there is still…
The third wave of a crypto bear market
Bitcoin is down 7.3% over the past week, falling below $20,000 at the start of the day on Monday. Ethereum lost 9.2% to $1450, while top altcoins fell from 5%…
Dollar holds steadier so far, awaiting Powell
The dollar is keeping steadier so far on the day as risk tones are a fair bit more tepid following the advance in stocks yesterday. The theme going into Jackson…
UAE says it is aligned with Saudi Arabia’s thinking on oil market
The headline is being reported by Reuters, referring to recent remarks by Saudi Arabia that what the oil market needs is perhaps production cuts. It looks like UAE is on…
GBP/USD Forecast: Continues to Look to Lower Levels
The GBP/USD has fallen a bit during the trading session on Wednesday as we continue to see the US dollar strengthen against almost everything. As we are in the midst of the…
BTC/USD Forex Signal: Bullish Consolidation Above $20,754
Previous BTC/USD Signal My previous signal on 18th August was not triggered as there was no bullish price action when the support levels which I had identified were first reached that…
Japan to relax border controls on COVID-19 starting from 7 September
Japan to waive test for vaccinated passengers arriving starting from 7 September No decision yet on raising number of daily arrivals though It is one step in the direction of…
Eurostoxx futures -0.1% in early European trading
German DAX futures -0.3% UK FTSE futures flat There’s not a lot in it as we get things started on the new day. Risk tones are tepid while the dollar…
Euro area PMI data in focus in the session ahead
After the plunge below parity to its lowest levels in nearly twenty years, the euro looks set to consolidate below the key level amid a more dire outlook with little…