Reflecting another sharp drop in energy prices, the Labor Department released a report on Friday showing that U.S. consumer prices saw their biggest drop in six years in the month of December. The Labor Department said its consumer price index fell by 0.4 percent in December following a 0.3 percent decrease in November. While the drop in prices came in line with economist estimates, it reflected the biggest monthly decrease since ...
- Euro-Zone Consumer Price Index (CPI) to Slip Back to 0.3%- Lowest Since October 2009 - Core Rate of Inflation to Grow Annualized 0.7% for Second Consecutive Month Trading the News: Euro-Zone Consumer Price Index (CPI) A further slowdown in the Euro-Zone’s Consumer Price Index (CPI) may heighten the bearish sentiment surrounding the EUR/USD as it puts increased pressure on the European Central Bank (ECB) to implement more non-standard measures. What’s ...
Originally Posted by TheNews - U.S. Final 1Q GDP Print to Show Another Downward Revision/Larger Contraction. - 1.8% Decline Would Mark the Biggest Drop Since 1Q 2009 (-5.4%). Trading the News: U.S. Gross Domestic Product (GDP) The final 1Q Gross Domestic Product (GDP) report may heighten the bearish sentiment surrounding the U.S. dollar as market participants anticipate another downward revision in the growth rate. What’s Expected: ...
Originally Posted by BrokersMinutes GBP/USD has recently made a strong convincing forex trading online break past its yearly highs at the 1.7000 major psychological level, indicating a continuation of the long-term rally. However, price has retreated back to the 1.7000 area after reaching highs past the 1.7060 levels. Stochastic is also exhibiting a bearish divergence, which indicates forex trading online trend exhaustion. The technical ...
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