Market Roundup
The USD is the strongest of the majors going into a huge data day in the US, while the GBP is the weakest. At the bottom of the hour, the US will reveal retail sales, PPI, and empire manufacturing data.…
Continue ReadingThe USD is the strongest of the majors going into a huge data day in the US, while the GBP is the weakest. At the bottom of the hour, the US will reveal retail sales, PPI, and empire manufacturing data.…
Continue ReadingIt was a very quiet session, although the market is showing some moderate movement heading into North American trading. For the most part, FX was calm, but in the last hour, the dollar started to make ground, gaining modestly across…
Continue ReadingChina effectively started price controls, moments after posting the Red hot PPI since Lehman, with China's economic planning agency committing to raise supply of important consumer items to stabilize prices, according to a statement on the NDRC website on a…
Continue ReadingThe dollar is trading higher on the day as it gains traction across the board. EUR/USD pair is going below 1.2200 to 1.2180 and GBP/USD sliding to 1.4125. The changes are in line with the latest interplay in the major…
Continue ReadingBefore the end of the session, oil continued to keep higher, up 2.8% at around $68.20. Let's review the production quota commitment figures for the current agreement before holding today's meetings: Let's start with the 13 OPEC member countries; I…
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