News & Analytic Centre

Sterling Tiptoes Higher after Turbulent Week

LONDON, July 26 Reuters The pound rose on Friday but was still headed for a second consecutive weekly fall against the dollar after a week of turmoil across global markets hit higheryielding assets and as investors switch focus to next week39;s Bank of England meeting. The pound, which hit oneyear highs last week above 1.31, […]
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U.S. GDP Growth Beats Expectations, Jobless Claims Decrease, U.S. Durable Goods Decline, USD Stable, High U.S. Stock Volatility, Bitcoin Gains

Previous Trading Days Events 25.07.2024 Winners vs Losers USDCAD remains on the top of the weeks list with 0.72 gains. The EURGBP follows as the EUR gains ground against the GBP and the USD. The USD has remained stable yesterday. Gold leads this month with 1.86 gains so far. News Reports Monitor Previous Trading Day […]
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USD Treads Water on Tame US Inflation Report, JPY Rally Stall

NEW YORKLONDON, July 26 Reuters The dollar eased fractionally alongside Treasury yields after the release of tame U.S. inflation data that is unlikely to deflect the Federal Reserve from adopting a less restrictive monetary policy in the coming months. The Commerce Department39;s June personal consumption expenditures PCE price index nudged up 0.1, as expected, after being unchanged […]
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US Inflation Rises Moderately, Consumer Spending Cools

June personal consumption expenditures price index up 0.1 PCE inflation increases 2.5 yearonyear Core PCE price index gains 0.2; up 2.6 yearonyear Consumer spending climbs 0.3; income rises 0.2 WASHINGTON, July 26 Reuters U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an […]
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Fed Gets Good News on Inflation, seen Cut Rates in September

July 26 Reuters U.S. Federal Reserve policymakers on Friday got fresh evidence of progress on inflation, fueling expectations they will use their meeting next week to signal they could start cutting borrowing costs in September. The personal consumption expenditures PCE price index edged up just 0.1 last month, the Commerce Department39;s Bureau of Economic Analysis reported. That […]
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