Trading the News: U.K. Consumer Price Index (CPI) The U.K.’s Consumer Price Index (CPI) may spark a limited reaction as the headline is projected to hold steady at an annualized 2.3%, but a downtick in the core rate of inflation may weigh on GBP/USD as it encourages the Bank of England (BoE) to preserve a wait-and-see approach for monetary policy. What’s Expected: Why Is This Event Important: ...
Employment in the U.S. rose by much less than anticipated in the month of March, according to a report released by the Labor Department on Friday, although the unemployment rate still fell to its lowest level in almost ten years. The report said non-farm payroll employment climbed by 98,000 jobs in March. more...
Microsoft finally announced some of the specifics of its upcoming Project Scorpio refresh, and the implications for the Xbox One product line are enormous. This isn’t just a refresh or a doubling-up of existing resources, like Sony used with the PS4 Pro. This is something altogether different, and Microsoft doesn’t seem to be just gunning for the PS4 — it’s taking on the PC market as well. ...
EUR/USD made its way to lower ground, struggling to gain ground. The week including Good Friday features business surveys and also some inflation figures. Here is an outlook for the highlights of this week Sentix Investor Confidence: Monday, 8:30.German ZEW Economic Sentiment: Tuesday, 9:00. A small slide to 25 is on the cards.Industrial Production: Tuesday, 9:00. A more modest rise of 0.2% is expected.German CPI (final): Thursday, ...
US Dollar Forecast: US Dollar: Rates-Driven Trend Complicated by Geopolitical Jitters The US Dollar has scope to continue building on a two-week recovery as Fed policy bets turn favorable but geopolitical jitters complicate the outlook. British Pound Forecast: Sterling to Extend Losses on Slowing UK CPI, Average Weekly Earnings The British Pound may face further losses in the week ahead as the economic docket is anticipated ...
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