Japan is likely to ease restrictions on May 5, 2021, as it struggles with the Olympics question. The UK is likely to increase exports to Japan in 2021. The GBP/JPY is below the 20-day EMA at 151.159. The GBP/JPY pair closed at a +0.05% change on April 13, 2021, from previous day trading. The pound was basking in positive industrial production data showing … [Read more...] about GBP/JPY: Japanese Yen Retracts With Extended Restrictions
Forex News
U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed
The average hourly output of British workers posted slight gains in 2020 even as the COVID-19 pandemic hit total production, according to Reuters. U.K. production rose by 0.4% last year, while total production dropped nearly 10% due to the pandemic.The Office for National Statistics (ONS) said the productivity impact of 2020's economic collapse differed from the 2008-2009 … [Read more...] about U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed
Global Oil Demand on Its Way to Recovery, Says IEA
Global oil demand on its way to recovery based on the latest forecast of the International Energy Agency (IEA), the WSJ reported Wednesday. The IEA raised its annual forecast for global oil demand by 230,000 barrels a day to an increase of 5.7 million barrels a day in 2021.The figures are still 3% short of 2019 levels, but investors will likely take this as a sign that … [Read more...] about Global Oil Demand on Its Way to Recovery, Says IEA
USD/RUB Rally Persists As Gold Bounce Back Stalls
The Indian rupee is under pressure against the dollar as a surge in new coronavirus infections raises prospects of lockdown restrictions.The euro and British pound remain under pressure against the dollar at the start of the new week as the EUR/GBP bounce back gathers steam.Gold and silver were sliding lower on renewed dollar strength after an impressive performance last … [Read more...] about USD/RUB Rally Persists As Gold Bounce Back Stalls
U.S. Consumer Prices Climb By Most In Over Eight Years
U.S. consumer prices climbed by the most in over eight years in March, according to data released by the Department of Labor. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in March, after a 0.4% rise recorded in February. The index fell by 0.3% in March 2020.The March month-on-month increase was the largest rise since a 0.6% increase in August … [Read more...] about U.S. Consumer Prices Climb By Most In Over Eight Years