US Open– 16 May 2023 (Video)
Watch today’s US Open for commentary on the latest data from China, IEA’s upgrade in the 2023 oil demand outlook, latest and upcoming earnings and more
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Watch today’s US Open for commentary on the latest data from China, IEA’s upgrade in the 2023 oil demand outlook, latest and upcoming earnings and more
The British Pound reacted lower to today’s data that showed an unexpected increase in the jobless rate, which could potentially help the BoE into a less aggressive stance, but wages remain elevated
The debt-ceiling impasse in Washington is currently the primary driver of the dollar's performance. Negotiations between President Biden and congressional leaders are set to resume on Tuesday, but without positive news, investor fears may continue to grow. As such, the balance of risks is currently tilted to the upside for the dollar, with safe-haven flows likely to continue as risk sentiment remains subdued.
The pair registered its worst week since September, as risk factors helped the greenback, but finds reprieve today ahead of critical support region
The Bank of England raised rates again on Thursday and despite keeping the door open to more tightening, the pair dropped on USD demand, but steadies today
Watch today’s US Open for commentary the rate hike by the Bank of England and its non-committal stance around future moves, the latest quarterly results by entertainment giant Disney and more
The pair is having a bad month despite the hint of more hikes by the ECB, but catches a breath today, as Thursday’s policy decision by the Bank of England looms
Watch today’s US Open for commentary on EUR/USD and NAS100 after Friday’s strong US jobs report and ahead of the US CPI inflation report, Apple’s outlook after its recent quarterly results and more
The UK’s headline inflation printed at 10.1% on 19 April, which was higher than the 9.8% forecast. Wage inflation, released the day before, was also higher than anticipated at 5.9% (vs 5.1%). This puts the BoE in a difficult position considering that it targets 2% inflation. It is lagging the other major economies in its attempts to control price pressures.
the pair registered its sixth straight profitable day on Monday, boosted by the latest RBA and Fed monetary policy decisions, but faces difficulties today at a region it has rejected before
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