Markets

It is another big day for the EUR/USD. Following Tuesday’s breakout session, the focus shifts to the Fed, the economic projections, and Fed Chair Powell. It is a relatively busy day for the EUR/USD on the economic calendar. Early in the European session, finalized Spanish…

It was a busy morning for the GBP/USD. November inflation numbers for the UK were in focus. Following disappointing employment numbers on Tuesday, today’s CPI Report could give the Bank of England more reason to ease back on its policy plans to bring inflation to…

The consumer price index rose less than expected in November, an indication that while inflation is still a threat to the U.S. economy, pressures could be cooling. The index, a broad-based measure of goods and services costs, increased 0.1% for the month and 7.1% from…

Expectations are that the Keystone pipeline closure will cause U.S. crude inventories to decline by perhaps 3.9 million barrels in the week to Dec. 9. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher for a second session on Tuesday on…

Following a busy morning for the GBP/USD, the Bank of England Financial Stability Report was in focus in the late morning. With the Bank of England releasing the Financial Stability Report (FSR) on a twice-annual basis and the monetary policy decision on Thursday, there was…

It was a busy morning for the GBP/USD. Average earnings and unemployment figures for October and claimant count numbers for November drew interest. Better-than-expected GDP numbers failed to deliver support on Monday, despite the UK economy growing by 0.5% in October versus a 0.6% contraction…

If the theme of cooler inflation holds, then bond yields will likely fall, dragging down the U.S. Dollar and bolstering demand for gold. Gold futures are inching higher early Tuesday, underpinned by a softer U.S. Dollar and a dip in U.S. Treasury yields. The tight…

British shoppers focused on core grocery essentials in November and avoided more discretionary Christmas items, market researcher NielsenIQ said on Tuesday. It said total sales on a value basis grew 7.6% in the four weeks to Dec. 3 year-on-year, masking a drop in volumes when…

Hotter-than-expected inflation should give the USD/JPY a boost because it will increase the odds of the Fed raising rates for a longer period of time. The Dollar/Yen is trading flat on Monday on well-below average volume as investors await the U.S. consumer price inflation (CPI)…

Euro vs US Dollar Technical Analysis The Euro has rallied during the trading session on Monday to show signs of life again, but quite frankly we are in a bit of a holding pattern as we wait for the Federal Reserve and its decision on…