THE CURRENCY TRADER’S BLOG

 

 

UK CPI at 10% by end of year

Good morning Traders,

Taking a look at this morning’s economic stats out for the UK market. CPI YoY came out just short of 10%.  CPI is in the UK trading at a 40 year-high.

 

                                                                                               UK Inflation at 40 year high

 

Governor Bailey was quoted saying   “It is a very, very difficult place for us to be in,” Bailey said on Monday. I have to say that this is the biggest test of the monetary policy framework that we’ve had in 25 years, no question about that.”

The BoE said in its May announcement that most policymakers believed “some degree of further tightening in monetary policy may still be appropriate in the coming months”.

Later this morning, we have EU Final CPI y/y & Final Core CPI y/y stats being presented.

Here is a breakdown of the data out for today; (more…)




Yen – Where to from here…..

Morning Traders,

 

As the heading suggests. Where to from here for YEN – and YEN CROSSES in particular. If you look at what occurred to YEN crosses since the advent of Rate hikes. One suggests it’s been the place to be to see good returns since March. However, looking at the close of April. In the candlestick, sentiment did ‘shift’ somewhat. The question has become one of whether can we continue to raise the rate aggressively—which according to the Inflation numbers still is likely to be required. (more…)




New week, new opportunties

Good Morning Team,

 

Well, it’s a new week. A new week brings new opportunities, as the heading mentions. First things – Economic calendar. What is in store this week? Well, last night we had China data. Stats came out way weaker than expected. Industrial Production y/y, Unemployment Rate etc way below expectation. See the economic calendar below for more info.

 

Other news events are mentioned below. US FED CHAIR POWELL IS SPEAKING TOMORROW, TUESDAY, 17TH MAY. 

(more…)




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