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Forex
Dow Jones Industrial Average recoils after hot CPI print
The Dow Jones shed around 100 points on Thursday before grinding back to the middle.
US CPI data came in hotter than expected, US Initial Jobless Claims…
Mexican Peso depreciates due to Fed’s Bostic remarks
Mexican Peso hits a six-day bottom on Bostic comments.
Banxico minutes reveal concerns over Mexico’s slowing economy and sticky service inflation, hinting…
Forex Today: Investors’ attention remains on US inflation
Sticky US CPI data and hawkish comments from Fed officials lent extra support to the Greenback on Thursday prior to the release of further inflation metrics at…
Pound Sterling slides to monthly low after surprisingly hot US Inflation data
The Pound Sterling weakens against the US Dollar after the release of the US CPI report for September.
US inflation grew at a faster-than-expected pace on a…
Fed’s Goolsbee: Overall trend is clearly that inflation has come down a lot
In an interview with CNBC on Thursday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that inflation came in around expectations with an…
GBP/USD Price Forecast: Tumbles to four week low, sellers eye 1.3000
GBP/USD fails to gain traction amid mixed US economic data.
Sellers remain in charge if prices remain below 1.3055; key support levels are eyed at 1.3001…
EUR/USD posts fresh two-month low as US Inflation rose faster than expected
EUR/USD weakens after the US CPI data for September came in hotter than expected.
Fed officials are highly concerned about reviving job growth.
The Euro is…
What Just Happened: What is CPI inflation, and why does it matter?
What just happened?
US Consumer Price Index (CPI) inflation vexed markets in September, with headline CPI inflation falling less than expected on an…
GBP/CAD Price Forecast: Breaks back above legacy trendline as trend turns higher
GBP/CAD rises back above an old trendline and extends its rally.
The pair extends its rally within a medium and long-term rising channel.
GBP/CAD looks…
EUR/GBP finds temporary support near 0.8350 after ECB Accounts release
EUR/GBP finds interim support near 0.8350 after the release of the ECB Monetary Policy Meeting Accounts.
The ECB is expected to cut its borrowing rates…