The Pound Sterling (GBP) retreats after soft wage data dampens consumer spending outlook and elevate hopes of continuation of a neutral interest rate decision by the Bank of England (BoE) in its November monetary policy. The GBP/USD pair remains on backfoot as the cascading effects of elevating energy prices could trigger a rebound in inflationary pressures […]

The USD/JPY pair holds positive ground around 149.60 during the early European trading hours on Tuesday. A renewed US Dollar (USD) demand and a recovery in US treasury yields lend some support to the pair. Investors await the US Retail Sales data on Tuesday for fresh impetus. The monthly figure is expected to rise by […]

The US Census Bureau will release the September Retail Sales report on Tuesday, October 17 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of six major banks regarding the upcoming data.  Retail Sales in the US are expected to rise 0.3% month-on-month vs. […]

Expectations of a final interest-rate hike by the US Federal Reserve (Fed) this quarter were reinforced after US job openings unexpectedly rose by the most in over two years to 9.610 million in August. The JOLTS Job Openings data pointed to a persistently tight labor market in the United States that could provide the Fed […]

The Euro (EUR) trades without a clear direction against the US Dollar (USD), motivating EUR/USD to gyrate around the 1.0470 region early in the European morning on Wednesday. On the USD-side of the equation, the Greenback clings to the 107.00 region following Tuesday’s new 2023 tops in the 107.30-107.35 band when tracked by the USD Index (DXY), always […]