US Dollar powers to 16-month highs.EURUSD slides to 16-month lows.GBPUSD bottoms out after UK CPI. The US dollar steadied at 16-month highs against the major currencies on Wednesday morning as retail data for October raised bets of the Federal Reserve hiking interest rates much earlier. The dollar index has already powered through the 96.04 level affirming the dollar … [Read more...] about EURUSD Under Pressure Near 1.1300 as GBPUSD Bottoms Out After UK CPI
Forex News
Gasoline, Food Drive US Retail Sales Higher in October
Source: US Census Bureau The United States reported a slight increase in sales for retail and food services in October, led mainly by gasoline, food services, and drinking places. Advance monthly sales in October stood at $638.2 billion, up 1.7% from September’s $627.5 billion and up 16.3% from the previous year.Total sales for the three months to October posted a 15.4% … [Read more...] about Gasoline, Food Drive US Retail Sales Higher in October
UK Employment Climbs as Job-to-Job Moves Hit Record-High
Source: Office for National Statistics The United Kingdom posted an increase in employment in the third quarter as job-to-job moves climbed to a record high during the period. EWU is up 0.60% premarket. The UK employment rate stood at 75.4% in the third quarter, 0.4 percentage points higher than the previous quarter. This is equivalent to 32.523 million.Total job-to-job … [Read more...] about UK Employment Climbs as Job-to-Job Moves Hit Record-High
GBPUSD Forecast Ahead of UK Inflation and Retail Sales Data
The GBPUSD pair has been under intense pressure in the past few weeks. This trend has happened as Brexit risks return and as the market waits for the upcoming UK inflation and retail sales data. The pair was trading at 1.3435 on Tuesday morning. This price was about 6% below the highest level this year. Brexit risks remain The UK and the European Union reached a Brexit … [Read more...] about GBPUSD Forecast Ahead of UK Inflation and Retail Sales Data
GDP Jumps in the Euro Area and EU in Q3. Employment Rate Rises by 0.9%
Source: Eurostat Gross domestic product rose by 2.2% in the euro area in the third quarter of 2021 from the previous quarter. The GDP increased by a lower 2.1% in the EU. DAX is up +0.27%, EURUSD is up +0.04%. GDP was up 3.7% and 3.9% in the euro area and EU, respectively from the prior year. Employment rose by 0.9% in both the euro area and EU from the … [Read more...] about GDP Jumps in the Euro Area and EU in Q3. Employment Rate Rises by 0.9%
