Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, held steady at 2.6% in July, the US Bureau of Economic Analysis reported on Friday. This print came in line with the market expectation. The core PCE Price Index, which excludes volatile food and energy […]
Here is what you need to know on Monday, August 11: The US Dollar (USD) trades modestly lower against its major rivals at the beginning of the week. On Tuesday, July Consumer Price Index (CPI) data from the US will be scrutinized by investors. In the meantime, markets will keep a close eye on fresh
The United Kingdom’s annual CPI rose 3.6% in June vs. 3.4% forecast. British inflation advanced to 0.3% MoM in June vs. a 0.2% anticipated. GBP/USD keeps range near 1.3400 after UK CPI inflation data. The United Kingdom (UK) headline Consumer Price Index (CPI) advanced by 3.6% on the year in June after reporting a 3.4% growth in
Retail Sales in Germany rose 1.6% over the year in May. EUR/USD defends bids above 1.1700 following the downbeat data. Retail Sales in Germany unexpectedly dropped 1.6% month-over-month (MoM) in May, following the revised 0.6% decline reported in April, according to official data released by Destatis on Monday. The market forecast was for a 0.5% increase. On an
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March, the US Bureau of Economic Analysis reported on Friday. This reading came in below the market expectation of 2.2%. The core PCE Price Index, which excludes
The United Kingdom’s annual CPI rose % in April vs. 3.3% forecast. British inflation jumped to 1.2% MoM in April vs. a 1.1% anticipated. GBP/USD regains 1.3450 after UK CPI inflation data. The United Kingdom (UK) annual headline Consumer Price Index (CPI) jumped by 3.5% in April after recording a 2.6% growth in March, the data released
China’s Services Purchasing Managers’ Index (PMI) declined to 50.7 in April from 51.9 in March, the latest data published by Caixin showed on Tuesday. The data missed the market forecast of 51.7 in the reported period by a wide margin. AUD/USD reaction to China’s Services PMI The Chinese proxy, the Australian Dollar (AUD) remains deep
Nonfarm Payrolls (NFP) in the United States (US) rose by 177,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 185,000 increase (revised from 228,000) reported in March and came in better than the analysts’ estimate of 130,000. Follow our live coverage here Other details of the employment
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of
Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.2% MoM in February, compared to a rise of 0.3% in January, the official data published by the Australian Bureau of Statistics (ABS) showed on Tuesday. The reading came in below the market expectations of 0.3%. Market reaction to Australia’s Retail Sales data At the time
US CB Consumer Confidence Index declined further in March. The US Dollar Index trades on the defensive near recent lows. US consumer sentiment extended its decline in March, as the Conference Board’s Consumer Confidence Index fell from 98.3 to 92.9—its weakest reading since February 2021. Views of current business and job market conditions also slipped,
The Japanese Yen attracts some sellers following the release of softer domestic data. A modest USD recovery from a multi-month trough further lends support to USD/JPY. The JPY moves little after the BoJ decision to keep short-term interest rates unchanged. The Japanese Yen (JPY) sticks to its negative bias through the Asian session on Wednesday
Here is what you need to know on Tuesday, March 18: Gold benefits from escalating geopolitical tensions and trades at a new record-high above $3,000 early Tuesday. The European economic calendar will feature Economic Sentiment data from Germany and Euro area Trade Balance readings. In the second half of the day, Industrial Production and housing
In February, private sector employment in the US grew by just 77K, coming in short of initial estimates of 140K, according to the latest Automatic Data Processing (ADP) report. In addition, the reading was lower than January’s 186K (revised from 183K). Following the release, Nela Richardson, ADP’s Chief Economist, said that policy uncertainty and a
China’s Services Purchasing Managers’ Index (PMI) unexpectedly firmed to 51.4 in February from 51 in January, the latest data published by Caixin showed Wednesday. The market consensus was for a 50.8 reading. AUD/USD reaction to China’s Services PMI At the time of writing, the AUD/USD pair is trading modestly flat on the day just above 0.6250, unimpressed by
US CB Consumer Confidence Index declined in January. The US Dollar Index consolidates daily gains slightly below 108.00. Consumer sentiment in the US deteriorated in January, with the Conference Board’s (CB) Consumer Confidence Index declining to 104.1 from 109.5 in December. In this period, the Present Situation Index fell by 9.7 points to 134.3 and
Germany’s Retail Sales fell 0.6% MoM in November after declining 1.5% in October, the official data released by Destatis showed on Wednesday. Annually, Retail Sales in the Eurozone’s top economy rose by 2.5% in November versus 1.9% expected and 1.0% in October. EUR/USD reaction to the German data Mixed German data serves negative for the Euro, driving EUR/USD slightly lower at
