Is there more legs to the dollar short squeeze?
Is the dollar let out of the dog house just yet? Well, not exactly. The latest recovery in the greenback in the past two weeks comes as Trump is threatening…
Read More »US: Initial Jobless Claims dropped to 221K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 221K for the…
Read More »GBP/USD Price Forecast: Sellers dominate but a Doji candle hints at indecision
GBP/USD is at a technical inflection point, a battleground between weakening bullish momentum and growing bearish pressure.
Read More »US Retail Sales rise 0.6% in June vs. 0.1% expected
Retail Sales in the US increased by 0.6% on a monthly basis to $720.1 billion in June, the US Census Bureau reported on Thursday. This reading followed the 0.9% decrease…
Read More »Philadelphia Fed Business index for July +15.9 vs -1.0 expected
Prior month was -4.0 Details: New Orders 18.4 vs 2.3 last month Shipments 23.7 vs 8.3 last month Unfilled orders 5.7 vs 9.3 last month Delivery time -4.7 vs 13.6…
Read More »Trump’s threat of firing Fed Chair Powell is just noise
Yesterday, we got a news saying that a senior White House official revealed that Trump was planning to fire Fed Chair Powell. The reaction in the markets was the one…
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WARNING: CPI Just Sent a HUGE Signal… (This Changes Everything)
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Read More »Pound Sterling edges higher as UK inflation heats up
The Pound Sterling (GBP) attracts bids against its major peers on Wednesday after the release of a hotter-than-projected United Kingdom (UK) Consumer Price Index (CPI) data for June.
Read More »US June core CPI YoY 2.9% vs 3.0% estimate.
Prior month CPI MoM 0.1%. Core 0.1% Prior month CPI YoY 2.4%. Core 2.8% CPI MoM 0.3% vs 0.3% estimate CPI Core MoM 0.2% vs 0.3% estimate CPI YoY 2,7%…
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