China Consumer Price Index (YoY) came in at -0.1%, above forecasts (-0.2%) in May
China Consumer Price Index (YoY) came in at -0.1%, above forecasts (-0.2%) in May
-
-
GBP/USD trades with positive bias around 1.3530-1.3535 area, lacks bullish conviction
The GBP/USD pair edges higher during the Asian session on Monday and for now, seems to have stalled its retracement slide from the highest level since February 2022, around the 1.3615 region touched last week. -
EUR/GBP Weekly Outlook
EUR/GBP stayed in consolidations above 0.8354 short term bottom last week. Initial bias stays neutral this week first. On the upside, above 0.8448 will bring stronger rebound to 38.2% retracement of 0.8737 to 0.8354 at 0.8500. On the downside, below 0.8401 will bring retest of 0.8354 low. In the bigger picture, price actions from 0.8221 […]
The post EUR/GBP Weekly Outlook appeared first on Action Forex.
-
Japan April current account +2258.0B vs 2563.9B expected
- Prior was +3678 billion
- Seasonally adjusted +2306B vs +2723B prior
- Goods -32.7B vs +516B prior
You can see the effects of the trade war in this data as there was a front-run in March that reversed after the April 2 Liberation Day.
This article was written by Adam Button at www.forexlive.com.
-
Japan Q1 GDP revised -0.2% vs -0.7% expected
- Q4 was +2.4%
- The preliminary Q1 reading was -0.7%
- Q/Q GDP (not annualized) 0.0% vs -0.2% prelim (+0.6% in Q4)
- Private consumption GDP +0.1% vs 0.0% prelim
- Capex +1.1% y/y vs +1.4% prelim
This is a welcome surprise and should further tilt the Bank of Japan towards hiking rates, though the yen reaction has been minimal.
This article was written by Adam Button at www.forexlive.com.
-
Will tariffs cause sustained or short-lived inflation?
St Louis Fed President Alberto Musalem spoke to the press on the weekend and was asked about the impact of tariffs on inflation.
He said that it was 50/50 on whether it would cause sustained inflation or inflation for a quarter or two. Critically, he also said there would be ongoing uncertainty around tariffs “right through the summer”. In a best-case scenario he said that the uncertainty goes away in July and they’re in a position to cut in September.
The market is pricing in an 86% chance of a cut in September.
This article was written by Adam Button at www.forexlive.com.
-
US Dollar Index Price Forecast: Trades around 99.00 after pulling back from nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains from the previous session and trading around 99.00 during the Asian hours on Monday. -
Lagarde speech: Still long way to go until inflation is squeezed out of economy
European Central Bank (ECB) President Christine Lagarde said over the weekend that interest rates will therefore have to remain restrictive for as long as necessary to ensure price stability on a lasting basis. -
China’s CPI inflation arrives at -0.1% YoY in May vs. -0.2% expected
China’s Consumer Price Index (CPI) dropped at an annual pace of 0.1% in May after declining 0.1% in April, the National Bureau of Statistics of China reported on Monday. The market consensus was for a 0.2% decrease in the reported period. -
China Producer Price Index (YoY) below forecasts (-3.2%) in May: Actual (-3.3%)
China Producer Price Index (YoY) below forecasts (-3.2%) in May: Actual (-3.3%)
End of content
End of content