GBP/USD falls for a third consecutive day before UK CPI release
The GBP/USD pair saw its third consecutive decline on Tuesday, dipping below the 1.3400 mark. Traders dealing in British pounds are pulling back as they await the Consumer Price Index (CPI) inflation report from the UK, which is set to be released on Wednesday. The US CPI data is anticipated on Friday. For September, UK […]
Canadian Dollar fluctuates following Canadian CPI inflation report
On Tuesday, the Canadian dollar (CAD) managed to gain some ground against the U.S. dollar (USD), recovering losses seen earlier in the day. While bullish momentum seems to be lacking, loonie traders are definitely looking for any signs of support as they navigate through the recent six-month lows. Canada’s consumer price index (CPI) inflation rate […]
Bitcoin looks to important US CPI data to rise above $120,000 or fall to $100,000.
Bitcoin Prepares for US CPI Release Bitcoin is gearing up for the release of the US Consumer Price Index (CPI) for September, which is set to come out on October 24. This will be the first significant data available since the federal government shutdown began. An analyst pointed out the significance of this upcoming report, […]
GBP/USD falls as the US Dollar rises, traders look ahead to UK and US CPI data
The GBP/USD rate dipped in North American trading on Tuesday, falling over 0.17% and marking a three-day high, as the US dollar began to stabilize. At the moment, the pair is at 1.3384, following a peak of 1.3417 earlier. Pound dips below 1.34 as UK fiscal tightening looms In the United States, traders are closely […]
EUR/USD remains steady as traders anticipate US CPI during the ongoing US shutdown
The EUR/USD exchange rate remained mostly unchanged in North American trading on Monday, slipping 0.05% to approximately 1.1643 after reaching a daily high of 1.1675, driven by disappointing US economic data. The euro sits steady around 1.1640 as anticipation builds for US inflation data and remarks from President Trump about trade. With the U.S. government […]
US stocks face challenges from Tesla and Netflix earnings along with postponed CPI report
Market Update: Earnings Reports and Economic Indicators Next week’s earnings season is set to kick off with reports from major players like Tesla and Netflix. While these results will provide insights into corporate performance, there’s a lot of attention on inflation data as well. Notably, the Consumer Price Index (CPI) release has been pushed to […]
Will investors be uninformed without September CPI data?
Investors are currently unable to access crucial inflation data for September, initially set for release on Wednesday, due to a government shutdown in the U.S. Bloomberg’s economists were expecting the consumer price index from the Bureau of Labor Statistics to reflect rising inflation pressures, but instead, the BLS announced a new release date of October […]
When is the Tokyo CPI in Japan and how might it influence USD/JPY?
The Consumer Price Index (CPI) for Tokyo saw a 2.5% increase in September, down slightly from 2.6% the previous month, as reported by the Japan Statistics Bureau on Friday. Moreover, the Tokyo CPI excluding fresh food experienced a steady rise of 2.5% year-on-year in August, maintaining the same figure from the previous month. However, for […]
USD/JPY climbs to a seven-week peak as attention turns to US PCE and Tokyo CPI
USD/JPY continues to rise for a second consecutive day, fueled by strong USD performance. US GDP has been adjusted to a growth rate of 3.8% for the second quarter, while weekly unemployment claims dipped to 218,000. Attention will soon shift to the US Core PCE and Tokyo CPI data releases on Friday. On Thursday, the […]
GBP/JPY drops close to 200.00 as investors await Tokyo CPI figures
The GBP/JPY currency pair is expected to dip to around 200.00 following the release of the Bank of Japan’s policy minutes from July. The minutes indicate the BOJ’s confidence in further tightening monetary policy soon. Megan Greene from the Bank of England cautions about rising inflation risks, recommending careful consideration before lowering interest rates. In […]