0.0 00 Today, the United Kingdom will release its headline consumer price index (CPI). The core inflation rate is expected to come in at 2.7 percent for the month of May. This should be unchanged from …
Read More »Stagflation in the United Kingdom to Fuel Pound Weakness
0.0 00 The United Kingdom will be releasing its consumer price index (CPI). It is likely that inflation is likely to show stagflation, and this will not support the British Pound (GBP/USD). This means that the …
Read More »NAB Business Confidence misses the mark in Australia
0.0 00 This morning, in Australia, investors got business confidence numbers from the National Australia Bank (NAB). The Australian dollar shrugged the economic data miss off. For the month of May, the NAB business confidence index …
Read More »Gold Prices should Rebound as Sentiment Sours
0.0 00 The price of spot gold (XAU/USD) has fallen for three straight days. US Treasury bond yields have moved higher. This is all but undermining the appeal of non-interest bearing assets, like gold. The fall …
Read More »Japanese Data Misses the mark but the Yen ignores the Print
0.0 00 This morning, the Japanese yen (USD/JPY) was little phased on a weaker than expected Japanese economic data. Domestic machine orders missed estimates by a wide margin. Orders fell 3.1 percent, for the month in …
Read More »British Pound Volatile as Hung Parliament is Likely
0.0 00 The British Pound, GBP/USD, went on a wild ride this morning as it fell over 1.2 percent as news crossed the wires that the Conservative Party, under the leadership of Prime Minister Theresa May …
Read More »England Heads to the Polls this Morning
0.0 00 The markets are getting ready to open in two hours or so as England heads to the polls to vote. There is also a monetary policy decision from the European Central Bank (ECB). As …
Read More »That was one Scary Revision for the Japanese GDP
0.0 00 The Japanese yen shrugged off one scary downward revision to the first quarter gross domestic product number today. Economic growth (GDP) is now judged to have been a tepid 0.3 percent on the quarter. …
Read More »Trade Surplus Data hurts the Australian Dollar
0.0 00 The Australian dollar skidded this morning after the country reported their trade numbers. The trade surplus missed the mark, coming in lower than expected. In Australian dollar terms, the trade surplus printed at $555 …
Read More »Europe eyes the ECB Monetary Decision
0.0 00 The stock and financial markets are getting ready to open Wednesday and investors are taking a more cautious approach ahead of tomorrow’s parliamentary Election in the United Kingdom and a European Central Bank (ECB) …
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