Fed is expected to begin tapering in December at a pace of $15 billion a meeting, with a $10 billion and $5 billion split between Treasuries and mortgage-backed securities.
An earlier move and a faster pace would signal that the Fed wants to open a path to an earlier rate hike, as policymakers...
King Dollar steady ahead of May US CPI data.
EURUSD waiting for the ECB Monetary Policy Statement and the ECB president Christine Lagarde Conference.
Gold price remains under pressure.
Crude oil price rebounded from the early session lows.
Technical analysis - Gold and EURUSD
Ahead we have UK CPI which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave.
The minutes from the recent RBA meeting were released during...
Today at 1.30pm BST we have US CPI and Core CPI data releases which are the most important ones of the week.
The market will mainly be focused on the core reading. A positive deviation on the core figures will help support inflation expectations, translating into dollar strength. A negative...
This is a really busy week in case of Forex News trading events. Monday and Tuesday are comparatively quiet. Wednesday we have US Core Retail Sales, PPI’s and Retail Sales together with data from BOC. On Thursday we will be looking out for UK releases together with the biggest figure of the week...
US CPI data will be released later today (1:30pm BST). Watch my weekly Forex news event's overview here or read my full analysis in order to learn how to interpret these particular data points.
Total M/M Y/Y
Prior: 0.1% 0.2%
Expected: 0% 0.2%
Today we will wait for any deviation in US CPI to gauge a potential entry in to the market. Read through my analysis of this event in order to prepare for the upcoming trading opportunities.
Bureau of Labour Statistics
There are no standout trades currently and with huge data from the US, in form of CPI, it may be wise to remain patient for a potentially high probability trade.
Yesterday's Retail Sales from UK saw GBP well supported throughout the entire New York session and Cable remains...
Originally updated: 08:00am London Time
Trading Bias: Neutral
Currency pair: None
Current Sentiment: None
In today's trading session we will be awaiting key economic data from US CPI to provide an opportunity to get into the market.
Focus today will turn to US CPI data. It...