GBP/USD refreshes daily low after US Retail Sales, around mid-1.2000s ahead of FOMC minutes – by hareshmenghani GBPUSD RetailSales Fed Bonds Currencies
session. Spot prices drop to the 1.2050-1.2045 region, or a fresh daily low in the last hour, reversing a major part of the overnight recovery gains from the monthly low.regains some positive traction and inches back closer to its highest level since late July touched the previous day. This overshadows hotter-than-expected UK consumer inflation figures and attracts fresh selling around the GBP/USD pair.
remained flat in July, missing expectations for a modest 0.1% increase. A slight disappointment, however, was largely offset by unexpected growth in sales excluding autos, which rose 0.4% during the reported month. Adding to this, Control Group sales climbed 0.8% during the reported month against consensus estimates pointing to a 0.6% rise.rate hike move at the September meeting, which remains supportive of elevated US Treasury bond yields.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: Double-Top Pattern Forms Ahead of FOMCThe GBP/USD price rose slightly ahead of the upcoming UK consumer and producer inflation data and the relatively weak US housing numbers.
Read more »
GBP/USD Forex Signal: Double-Top Signals Drop to 1.200The $GBPUSD price pulled back on Monday morning as investors prepared for a relatively busy week ahead for the British pound.
Read more »
Gold Price Forecast: XAU/USD drops to 1-1/2 week low, below $1,770 ahead of FOMC minutesGold Price Forecast: XAU/USD drops to 1-1/2 week low, below $1,770 ahead of FOMC minutes – by hareshmenghani Gold Commodities Fed Bonds Recession
Read more »
USD/JPY Price Analysis: Soars and reclaims 134.00, eyeing 135.00The USD/JPY jumps from around weekly lows to a crowded resistance area, with the 20-day EMA at 134.62, alongside a downslope resistance trendline, dra
Read more »
USD/JPY leans bullish above 134.00, traces firmer yields ahead of Fed MinutesUSD/JPY holds onto the latest bullish bias while picking up bids to refresh the intraday high near 134.40 as Tokyo opens on Wednesday. The yen pair’s
Read more »