Possible 100 pip move higher! Let's see! In the news I found...
Possible 100 pip move higher! Let's see! In the news I found this commentary ...
*Commentary from Eren Sengezer Forex Today: Dollar selling takes a pause, eyes on inflation data, Fed's Beige Book
NEWS | 10/20/2021 6:25:57 AM GMT | By Eren Sengezer
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Here is what you need to know on Wednesday, October 20:
The greenback managed to erase a large portion of its losses on the back of recovering US Treasury bond yields on Tuesday but struggled to find demand against its risk-sensitive rivals with risk flows influencing the financial markets. The market mood seems to have turned cautious early Wednesday as investors await inflation data from the euro area and Canada. Later in the day, the Federal Reserve will release its Beige Book.
Macro data: The data from the US showed on Tuesday that Housing Starts and Building Permits declined by 1.6% and 7.7%, respectively, in September. On Wednesday, the People's Bank of China (PBoC) left its one-year prime rate unchanged at 3.85% as expected. The UK’s Office for National Statistics announced that the Consumer Price Index (CPI) edged lower to 3.1% on a yearly basis in September from 3.2% in August. Furthermore, the Core CPI declined to 2.9% in the same period, missing the market expectation of 3%.
*Commentary from Eren Sengezer Forex Today: Dollar selling takes a pause, eyes on inflation data, Fed's Beige Book
NEWS | 10/20/2021 6:25:57 AM GMT | By Eren Sengezer
Share on Twitter Share on Facebook Share on Linkedin
Here is what you need to know on Wednesday, October 20:
The greenback managed to erase a large portion of its losses on the back of recovering US Treasury bond yields on Tuesday but struggled to find demand against its risk-sensitive rivals with risk flows influencing the financial markets. The market mood seems to have turned cautious early Wednesday as investors await inflation data from the euro area and Canada. Later in the day, the Federal Reserve will release its Beige Book.
Macro data: The data from the US showed on Tuesday that Housing Starts and Building Permits declined by 1.6% and 7.7%, respectively, in September. On Wednesday, the People's Bank of China (PBoC) left its one-year prime rate unchanged at 3.85% as expected. The UK’s Office for National Statistics announced that the Consumer Price Index (CPI) edged lower to 3.1% on a yearly basis in September from 3.2% in August. Furthermore, the Core CPI declined to 2.9% in the same period, missing the market expectation of 3%.