Week Ahead: Eurozone and U.S. Inflation Under the Microscope
By Trading Point | 2 day ago (24 Mar, 2023, 20:00 PM (UTC+04:00))
Amid ongoing jitters about the fallout from the banking sector, inflation will fall back into the limelight next week. The flash CPI readings for the euro area as well as the PCE inflation figures out...
EUR/USD: Profit-Taking Ensues at Feb. 2 Lows
By Al Brooks | 2 day ago (24 Mar, 2023, 20:00 PM (UTC+04:00))
The EUR/USD sold off after testing the February 2nd low. February 2nd was a stop entry sell, and bulls got trapped buying the bear’s low. This meant that both bulls and bears would likely be selling...
USD/JPY: Surging Yen Breaks Below 130 as Rally Continues
By Kenny Fisher | 2 day ago (24 Mar, 2023, 20:00 PM (UTC+04:00))
The Japanese yen broke below the symbolic 130 line earlier in the day, for the first time since February 3rd. In the North American session, USD/JPY is trading at 130.17, down 0.55% on the day. The...
GBP/USD – Pound Slips as PMIs Dip, BoE Hikes Again
By Kenny Fisher | 2 day ago (24 Mar, 2023, 20:00 PM (UTC+04:00))
The British pound is down considerably on Friday after mostly soft numbers out of the UK. In the European session, GBP/USD is trading at 122.13, down 0.60%.PMIs down, retail sales jumpUK releases are...
Slowing Inflation in Japan Supports Yen
By Alexander Kuptsikevich | 2 day ago (24 Mar, 2023, 20:00 PM (UTC+04:00))
Japan's headline inflation rate slowed from 4.3% to 3.3% in February. The point is that prices fell by 0.6% for the month, so the slowing annual inflation cannot simply be attributed to a high base...
U.S. Dollar Jumps Back
By Marc Chandler | 2 day ago (24 Mar, 2023, 19:30 PM (UTC+04:00))
The pendulum of market expectations has swung dramatically and now looks for 100 bp cut in the Fed funds target this year. That seems extreme. At the same time, the dollar's downside momentum has...
Euro Slides on Soft German Manufacturing PMIs
By Kenny Fisher | 2 day ago (24 Mar, 2023, 19:30 PM (UTC+04:00))
After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%.German manufacturing falls, services riseGerman PMIs were a...
USD/CAD Knocks on Key 1.3605 Support
By Matthew Weller | 2 day ago (24 Mar, 2023, 19:30 PM (UTC+04:00))
USD/CAD is forming a potential descending triangle pattern into 1.3650 support. A break lower could expose support at 1.3560 or 1.3500 next. Canadian retail sales and US PMIs on Friday will play a big...
Bank of England Raises Interest Rate, Notes Improved GDP Outlook
By Alexander Kuptsikevich | 2 day ago (24 Mar, 2023, 01:00 AM (UTC+04:00))
The Bank of England raised its interest rate by 25 points to 4.25%, in line with market expectations. Two members voted to keep rates on hold for the third meeting, while seven others voted against...
EUR/USD: Market Tests Feb. 1 Close
By Al Brooks | 2 day ago (24 Mar, 2023, 00:30 AM (UTC+04:00))
The EUR/USD is Always In Long and currently testing the February 1st close. The bears are hopeful that they can form a lower-high major trend reversal. However, the rally from the March 15th low is...
