GBP/USD Weekly Forecast: Breaking out of range? Duo of central bank decisions to trigger action
Do current inflation trends warrant tightening policy anytime soon? The past week's latest figures have caused jitters, leaving investors confused. Central banks take the stage in the upcoming week, with the Fed's taper timing and the BOE's rate hike prospects critical for GBP/USD. Read more...
GBP/USD reaches a weekly low beneath 1.3750 on disappointing UK Retail Sales
GBP/USD is sliding in the American session to new weekly lows, trading at 1.3754, down 0.26% at the time of writing. As we approach the London Fix and head into the weekend, we could expect some downward pressure on the back of the dampened market sentiment. Read more...
GBP/USD Forecast: More sterling gains? Three higher lows and improving market mood point up
On Thursday, the dollar attracted safe-haven flows that came as US stocks suffered another down day – for no fundamental reason. US Retail Sales figures showed an increase of 0.8% in August, far better than a drop that was expected. On the other hand, inflation is off the highs, as shown by Consumer Price Index figures and by more recent surveys. Read more...
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EUR/USD stays below 1.0900 after US data
EUR/USD continues to trade in a relatively tight range below 1.0900 on Friday. The data from the US showed that the annual PCE inflation declined to 5% in December from 5.5% in November but failed to trigger a significant reaction. Investors await US Pending Home Sales data.
GBP/USD trades on the back foot below 1.2400
GBP/USD is having a difficult time gathering recovery momentum and trading in negative territory below 1.2400 on Friday. Although the data from the US showed that PCE inflation continued to soften in December, the US Dollar's losses remain limited.
Gold clings to small daily gains above $1,930
Gold price has managed to stage a rebound and climbed above $1,930 after having declined toward $1,920 earlier in the day. The benchmark 10-year US Treasury bond yield retreated modestly from daily highs after the latest US data, helping XAU/USD edge higher.
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Breaking: US annual Core PCE inflation declines to 4.4% in December as expected
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 5% on a yearly basis in December from 5.5% in November, the US Bureau of Economic Analysis reported on Friday.