Get Ready For FED, ECB And BOE Rate Decisions This Week EUR/USD: Last week,US CPI for November printed near expectations at 0.8% m/m, 6.8% y/y. This is the highest reading in the headline CPI report since 1982. The market saw optimism in last week over the Omicron variant of the new coronavirus may not be as bad as feared. BioNTech and Pfizer said on Wednesday a three-shot course of their COVID-19 vaccine was able to neutralise the new Omicron variant in a laboratory test and they could deliver an Omicron-based vaccine in March 2022 if needed. Looking ahead, watch...
14 Dec 21 (Tue)
04:03 am Read MoreAll Eyes Will Be On US CPI Inflation This Week EUR/USD: The continued spread of the Omicron coronavirus variant globally has buoyed safe-havens like the dollar and put pressure on riskier currencies over the past week. Last Friday, the Non-Farm Payrolls showed that the US economy added just 210,000 jobs in November, the unemployment rate dropped to 4.2%, its lowest since February 2020, and wages increased. Moreover, Fed Chairman Powell said the Fed will likely discuss a faster wind-down of its stimulus program in its meeting later this month, adding to spe...
05 Dec 21 (Sun)
10:08 pm Read MoreGet Ready For The US Non-Farm Payrolls Today All eyes will be on the US Non-Farm Payrolls today! The US Jobs Report will be released at 13:30 p.m. (GMT). Why Is This Important? The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions. Scientists in South Africa, where the Omicron variant was first discovered last month, said existing vaccines should still pr...
03 Dec 21 (Fri)
05:03 am Read MorePay Attention To US Nonfarm Payrolls This Week Last week, the US data showed that GDP grew 2.1% quarter-on-quarter in the third quarter and that 199,000 initial jobless claims were filed throughout the week. The U.S. dollar rose as a hawkish tilt by Federal Reserve policymakers, buoyed by strong U.S. data, contrasted to more dovish monetary outlooks in Europe and Japan Several U.S. Federal Reserve policymakers said they would be open to speeding up the tapering of the central bank bond-buying programme if the high rate of inflation held, and move more quickly to raise inter...
02 Dec 21 (Thu)
01:52 pm Read MoreGet Ready For FOMC Minutes And US GDP Numbers EUR/USD: US Retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised higher to show retail sales increasing 0.8% instead of 0.7% as previously reported. Sales have now risen for three straight months. Strong U.S. retail sales data last week added fuel to the dollar recent rally, which started after a strong U.S. inflation print bolstered market bets that the Federal Reserve will have to raise rates around the middle of next year. Moreover, US Initial claims for...
21 Nov 21 (Sun)
09:02 pm Read MoreFocus On US Retail Sales Data This Week EUR/USD: The U.S. dollar showed its best week in almost five months against major peers last week, amid bets for earlier Federal Reserve interest rate hikes after data this week showed the fastest U.S. inflation in three decades. The U.S. consumer price index surged 6.2% on an annual basis, with gasoline leading a broad-based increase that added to signs that inflation could stay uncomfortably high well into 2022 amid snarled global supply chains. Moreover, last week's U.S. data showed that the producer price inde...
14 Nov 21 (Sun)
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