Inflation in U.K. rises to the highest level since 2014. The import cost boost to four year top on clear evidence that the Sterling is droping againts other major currencies. Consumer-price growth picked up to 0.6 percent from 0.5 percent in June, showing the data comming from the Office of National Statistics in London. … More First sign’s of inflation after Brexit . .
While the International Monetary Fund has warned that Britain quitting the European Union would be a risk to global financial stability, one of the asset classes most vulnerable to the shock isn’t hearing the alarms, according to Allianz Global Investor’s sterling fund manager.Peripheral euro-area government bonds are under pricing the risks of a … More CPI m/m Fundamental’s UK. .
USD – RETAIL SALE’S m/m Date Actual Forecast Previous Apr 13, 2016 -0.3% 0.1% 0.0% This is the earliest and broadest look at vital consumer spending data for the United States. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity. Any changes upon the … More USD – Retail sale’s m/m
GBP/USD Looking ahead, a relatively quiet economic calendar is headlined by UK Construction PMI figures. Broadly speaking, UK economic news-flow has improved relative to consensus forecasts over the past two months, opening the door for an upside surprise. Such a result may help encourage a recovery from the British Pound after … More Watching for weakness , buying correction..
For the first time since the Asian and Russian crises rocked world financial markets in the late 1990s, U.S. monetary policy is as focused on the risks to global growth as it is on the domestic economy. Driving the resurgent internationalism inside the Federal Reserve is concern about how dollar strength — reinforced by aggressive … More Dovish outlook.., is the world economy “fragile place” ..?!
Investors are gaining confidence that March’s rally in equities and credit markets has further to run. The Stoxx Europe Index and the MSCI Asia Pacific Index were on course for the highest closes in two months. Shares in Egypt extended the longest rally since December after the country’s central bank devalued its currency, and the thawing … More Central bank’s lift credit,bonds
Current rate – 1.10617 (%change) – (-0.59%) Day range – 1.1055 / 1.1135 As we seen on the chart above EUR/USD is sliding slightly down from 78.40% fib level to 50.00% fib level with barely break in the recent level which is the 50% fib as we said, meanwhile there we can located … More EUR/USD ; DAILY CHART
The dollar edged higher against the euro Friday after U.S. core consumer prices recorded the largest monthly gain since August 2011.U.S. core prices, a measure of inflation that excludes food and energy, jumped 0.3%, driven by rising medical care and housing costs. EUR/USD ; DAILY CHART The shared currency has steadily declined … More Dollar strength vs Euro inflation signs . .
The yellow metal is trading near three-month highs and has been above $1,100 per troy ounce for the last week and a half as global equity markets try to find their footing. Gold is generally thought to move in the opposite direction of the U.S. dollar and interest rates. It was little changed … More All gold everything . . ?!
Current rate – 1.09160 The Euro traded slightly higher versus other major currencies Headline CPI at 0.4%, Core CPI Printing 1.0% ECB March policy meeting still in focus Whilst the numbers today showed a slight acceleration in the Euro-Zone’s inflation, the data came generally in line with expectations, as supposedly technical effects from a … More EUR/USD BRIEF