Dollar Pressured After Weak Data, EUR/USD to Test 04 High
Dollar is pressured in early US session after downside surprise in both Existing Home Sales and Consumer Confidence.
Forex Weekly Review and Outlook
Last week’s moderation of core CPI is easing the FOMC members’ “predominant’ concern that inflation wont’ moderate as expected, thus slightly reducing the odd of a raise.
Yen Rebound Stalls But Further Rise Still Likely
Yen rose higher earlier today after GDP data from China confirmed to be higher than consensus at 11.1% with CPI rising 3.3%.
Sterling Retreats After Making 26 Year High, Yen Recovers
Sterling retreats mildly into US session on profit taking after scoring new 26 year high of 2.0132.
CPI Dominates as Sterling Soars, Dollar Tumbles
While Sterling broke to new 15 year high and above the whole number 2 psychological level on strong inflation, the dollar weakened after tame core inflation.
Cable at 15 Yr High, Markets Unimpressed by Strong US Retail Sales
Sterling surged to new 15 years high against the dollar after stronger than expected PPI inflation report.
Forex Weekly Review and Outlook
A handful of important indicators will be released this week with particular focus on the US CPI data and UK’s Bank of England minutes.
Dollar Struggles to Rebound on Unexpectedly Narrowed Trade Deficit
Dollar struggled to rebound significantly despite the US trade deficit unexpectedly narrowed by 0.7%
Dollar Weakens After Initial Claims; Euro Remains Firm After ECB Decision
Euro remains firm against dollar after ECB kept rates unchanged at 3.75% today as widely expected.
Dollar Saved by Strong Non-Farm Payrolls Report
The main good news from US data was the upside surprise in Non-farm payroll report that showed 180k job growth in March, much better than expectation of 120k.
Dollar Soars on Strong Employment Report
After reaching new 2 year high of 1.3440, Euro reverses its gain in early US session on broad based dollar strength.
Markets Cautious After ISM Report
ISM non-manufacturing index disappoints by dropping to 52.4 in Mar versus expectation of 55.0.