Weak US data cools Dollar strength

Share After firm gains on Tuesday a disappointing US job figure pushed the Dollar to weekly lows. The ADP employment figure monitoring private hiring has shed 23k jobs against market consensus of a 40k rise. The highly regarded figure which is considered to be a good indicator for the key Nonfarm payroll which follows has shaken [...]

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Investors eye US data

Share This week the US economy will gather most of investors’ attention as the week will be loaded with highly significant market moving figures. The Week will open with the US PCE price index one of the Fed’s leading indicators for inflation and a known factor in the Fed’s inflationary outlook. The PCE is expected to [...]

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USD/JPY, The bullish trend is heating up

Share Japanese CPI figures published this morning continued to point on subdued customer demand. Core CPI continued to fall for the 12 month in a row, falling by -1.2% YoY in February and raising speculations that the BoJ will be forced to extend its liquidity facilities .Investors’ speculations over a BoJ stimulus which looms the Yen [...]

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Euro under Pressure

Share Euro fell under major support levels amid failure of EU members to conclude a rescue plan for Greece. Germany the largest economy in the EU is strongly opposing any sort of a Greek bailout. Latest polls show a large portion of Germans not only opposes any sort of a Greek bailout but actually think Germany [...]

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UK Inflation Slows

Share UK CPI figures published today were lower than expected reading 3% YY against an expected 3.1%.Last month the BoE governor stated in his letter to the government that he still sees the long term inflation prospects for the UK as subdued with excess capacity in the UK alongside the weak consumer spending to dent customer [...]

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