GBP/USD near 1-week lows ahead of US data
Investors were looking ahead to outcome of the Federal Reserve's meeting on Wednesday amid uncertainty over the bank's next move after Chairman Ben Bernanke said last month the bank could begin to taper asset purchases if the economy continued to...
U.S. May CPI Rises Less than Expected
May 2013 consumer prices were up 0.1%, which only partially retraced a 0.4% drop in April. Expectations had been for a slightly stronger monthly increase of 0.2%. The modest monthly increase did not prevent the year-over-year rate rising to 1.4%
Barchart Morning Call
Closes: Dollar index +0.117 (+0.15%), EUR/USD +0.00234 (+0.18%), USD/JPY +0.296 (+0.31%). July WTI crude oil (CLN13 -0.26%) this morning is down -21 cents (-0.21%) and July gasoline (RBN13 -0.04%) is -0.0009 (-0.03%). July crude oil and gasoline...
Loonie Down for Third Day on Fed Speculation
Canadian dollar is declining against the US dollar for the third day in a row as the Federal Reserve begins its two-day meeting. The expectation that the Fed could begin reducing its asset purchases is lending strength to the greenback against th
USD/CAD above 1.0200 ahead of US data
We look for US CPI to print in line with expectations, boosted by gasoline and food prices, while housing starts may marginally disappoint. CPI momentum is beginning to turn higher, and even though the pace of inflation should remain subdued in May ...
Yen Weakens as Abenomics Receives G8 Blessing
Japanese yen is weaker today, losing ground as the G8 seems to approve the stimulus measures taken on by Japanese policymakers in an attempt to stimulate the economy. As a result, the yen is weakening today, dropping against its major counterpart
Euro Mixed After Draghi's Dovish Remarks; Fed Meeting Eyed
The common currency moved in a bearish track against the Swiss franc ahead of Thursday's SNB rate decision, which is widely expected a status quo for the interest rate and the EUR/CHF 1.20 peg. The European single unit outperformed among other major ...
EUR/USD Rises on Economic Sentiment, Gives Away Gains
EUR/USD rose today on improving economic sentiment in Germany and the whole eurozone. The currency pair gave away its gains later.
EUR/USD Euro Pushes Upwards as German, Euro Data Meets Expectations
Draghi has managed to steer the Eurozone through the worst of the debt crisis, but the zone remains stuck in its longest recession since its creation in 1999. If the ECB does take action and introduces negative rates or other non-standard measures, we ...
Draghi Has an “Open Mind” on Non-Standard Measures
ECB (European Central Bank) President Mario Draghi said Tuesday that the ECB is considering more “non-standard” policy tools to use “if circumstances warrant”.According to the speech, ECB monetary policy has also “regained steering capacity” an
Market Waits For Bernanke To Turn On The Light
Investor's primary objective is to get through tomorrow-in one piece. Another Fed policy will have come and gone, with 'helicopter' Ben again having the opportunity to leave a different legacy 'footprint' in his press conference tomorrow. The sma
EUR & GBP Bulls In Charge
How sensible markets have become regarding any news related to US and QE tapering. Yesterday, an article in FT with no fresh news, was enough to trigger a decent USD-bear. Higher-than-expected inflation in UK alongside with the optimism in Euro-z


