The EURUSD is in a consolidation mode as investors reflect on the American consumer inflation data and the potential for Federal Reserve tapering in the coming meeting. The pair is trading at 1.1810, which is slightly below this week’s high of 1.1845. American inflation easing The biggest catalyst for the EURUSD this week was the American inflation numbers that were … [Read more...] about EURUSD Outlook Ahead of Eurozone Inflation Data
Forex News
China’s New Home Prices Rose at the Slowest Rate in 8 Months on Tightening Measures
Source: Reuters. China’s new home prices increased at their slowest rate in months in August as authorities enhanced control in the property market and cooling measures were expected to limit growth in home prices. CSI 300 Index down -1.01%, CNY USD up +0.10% The average new home prices in 70 major cities increased by 0.2% last month after increasing 0.3% in July.New home … [Read more...] about China’s New Home Prices Rose at the Slowest Rate in 8 Months on Tightening Measures
Inflation Cools to Seven-Month Low 0.3% in August
Source: Bureau of Labor Statistics Inflation decelerated in August to carve a seven-month low, with core inflation posting its smallest climb since February. XLY is up 0.02%, while VCR is down 0.14%. The Consumer Price Index for All Urban Consumers (CPI-U) stood at 0.3% in August, the lowest since the 0.3% in January. This compares with 0.5% in July and 0.4% in August.The … [Read more...] about Inflation Cools to Seven-Month Low 0.3% in August
UK Payrolls Climb for Ninth Straight Month, But Job Vacancies Surge to All-Time High
Source: Office for National Statistics Payroll employees climbed for the ninth straight month to return to pre-pandemic levels in August, but job vacancies climbed to all-time highs. EWU is up 0.86%. Payroll employees jumped 241,000 to 29.1 million, marking a return to levels seen before the COVID-19 pandemic in February 2020.Growth was seen in all regions which also rose … [Read more...] about UK Payrolls Climb for Ninth Straight Month, But Job Vacancies Surge to All-Time High
GBPUSD Forecast Ahead of the UK Consumer Inflation Data
The GBPUSD price held steady on Tuesday morning as investors waited for the upcoming American and UK consumer inflation data. The market is also paying a close attention to the emerging Brexit wrangles between the UK and the European Union. It is trading at 1.3845, which is slightly above last week’s low of 1.3800. US Inflation data Inflation numbers are closely watched … [Read more...] about GBPUSD Forecast Ahead of the UK Consumer Inflation Data
