U.K. Inflation Rebounds To 2.7%, GBP Pares Losses Versus USD
U.K. inflation rebounded in May, moving away from the bank’s target on significant jump in air fares.Today's data showed that CPI for the year ended May rose to 2.7% after dropping to 2.4% in April, higher than median forecast of 2.7%, taking
EUR/USD – Triangle Evolves from Symmetrical to Ascending
Triangle: In the previous update, I noted the market shifting EUR/USD from a rising channel to a triangle, which was symmetrical (higher lows, lower highs). There was a break above this triangle late US session, but price held under the 1.3389 hi
USD Holding Near The Recent Lows
On Monday, the dollar held close to the recent lows ahead of the Fed policy decision. Sentiment on risk wasn't bad, but this didn't help the dollar. EUR/USD stays within reach of the 1.3390 correction top. The US eco data (Empire manufacturing an
UK Inflation In Focus Before BoE Policy Decision
Traders are still holding their breathes ahead of the U.S. Federal Reserve's and Bank of England`s spolicy outcomes on Wednesday, but now the European agenda is on market watch, with U.K. inflation numbers due to be unleashed.
Further Rate Cuts From The RBA?
The Reserve Bank of Australia (RBA) retains its easing bias, but is keeping its options open. The minutes from the bank's policy meeting earlier this month underpin a bank in wait-and-see mode.
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GBP/USD: Pound Trading Tad Lower, String Of UK Economic Data
For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5717. Losses in the pound were limited as Rightmove indicated that UK house prices increased for a sixth consecutive month in June.
USD/JPY: Pair Converging With Its MA's
For the 24 hours to 23:00 GMT, the USD strengthened 0.25% against the JPY and closed at 94.57, after the New York manufacturing index jumped to a reading of 7.84 in June, against the expected reading of zero and compared to a reading of -1.43 in
USD/CHF: Swissy Trading Lower In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9225.In the Asian session, at GMT0300, the pair is trading at 0.9232, with the USD trading marginally higher from yesterday’s close.
AUD/USD: Aussie Trading Lower After RBA Minutes
For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 0.9556.LME Copper prices declined 0.3% or $24.50/MT to $7020.5/MT. Aluminium prices rose 1.4% or $26.00/MT to $1789.5/MT.
Asian Market Update
Strong y/y rise in China housing prices, dovish RBA minutes weigh on AUDEconomic Data
(CN) CHINA MAY CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.3% V 1.5% PRIOR
RBA Sees Slower Growth Rates In Australia
The Reserve Bank of Australia released its meeting minutes concerning the month of June, where the bank sees slower growth pace in Australia amid the recent instable global economic scene and mixed performance in world’s largest economies.


