FX

EUR/USD remains on track to close the day flat. US Dollar Index lost its momentum amid plunging bond yields. Flight-to-safety continues to dominate financial markets at the start of the week. The EUR/USD pair started the new week under modest bearish pressure and dropped to its lowest in more than three weeks at 1.1700. With
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GBP/USD Weekly Forecast: Breaking out of range? Duo of central bank decisions to trigger action Do current inflation trends warrant tightening policy anytime soon? The past week’s latest figures have caused jitters, leaving investors confused. Central banks take the stage in the upcoming week, with the Fed’s taper timing and the BOE’s rate hike prospects
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After plunging to its lowest level since 2011 in August, consumer sentiment improved only modestly in early September to 71.0 from 70.3 previously, explained analysts at Wells Fargo. According to them, consumers remain downbeat about current conditions.  Key Quotes:  “Consumer sentiment measured by the University of Michigan suggests consumers are more downbeat today than when
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US Dollar mixed across the board, finds support from rebound in US yields. UK: PM Johnson changes members of his Cabinet. GBP/USD holds onto daily gains, remains unable to break 1.3900. The GBP/USD printed a fresh daily high during the American session at 1.3853 and then pulled back toward 1.3820. It is hovering around 1.3840,
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EUR/USD consolidates losses around monthly low, eases of late. ECB policymakers reject reflation fears, US inflation for August tames tapering tantrum. Market sentiment dwindles amid mixed clues, confusion over Fed’s next moves. Eurozone IP, ECB members’ comments and second-tier US data will provide intermediate moves, risk catalysts are the key. EUR/USD struggles to keep the
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Data released on Tuesday showed the Consumer Price Index rose 0.3% in August, below the 0.4% expected. According to analysts at Wells Fargo, a softer increase in the August CPI lends credence to the Federal Reserve’s view that the flurry of inflation experienced earlier this year will prove “transitory.”  Key Quotes:  “Consumer price inflation cooled
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