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 ...
U.S. Non-Farm Payrolls report on Friday showed a gain of only 98K but the underlying metrics were strong with the headline unemployment rate falling to 4.5%, its lowest reading since mid-2007. The under-employment rate (U6) also saw an outsized downtick to the tune of 8.9% from 9.2%. Gold spiked on the release only to reverse sharply early in the US session. Heading into next week, the trade remains vulnerable sub-1258 with interim support ...
The US dollar eventually emerged as a winner from a tense week. Is this the beginning of a trend? A speech by Janet Yellen, a rate decision in Canada, Australian employment data, US inflation data, and US consumer figures stand out. These are the main events on forex calendar. Janet Yellen speaks: Monday, 20:00. Fed Chair Janet Yellen will speak at the University of Michigan, taking questions from the audience.UK Inflation data: Tuesday, ...
Did Old Man Winter scare away hiring in March? New employment data revealed that the U.S. added significantly fewer jobs in March than most economists expected, though a drop in the total number of unemployed did lead to a decline in the top-line unemployment rate. more...
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