USD/JPY is on downtrend today because of US dollar cool inflation report and Japan wholesale prices increasing. After a cold overnight recession in consumer inflation, US challenged the foresight to tighten US monetary policy. The consumer price index rose 0.5% last month, down from a 0.9% improvement in June, according to economists. Inflation has been [...]
The EUR/USD pair is currently trading on the consolidated downward trend against US dollar. This could be the certain reason among US traveler restriction in Europe and last week strong US Jobs data suppress the Euro pair. Traders awaited for U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind [...]
AUD/USD is extending its downward trend on today morning ahead of the persistent bullish mood around the US dollar, coupled with growing covid concerns in Australia, weighs negatively on Fed's tight and narrow expectations. As of Tuesday, New South Wales has become new covid epicenter in the country, with about 350 new cases registered. The [...]
GBP/USD tooks the sluggish moment ahead of frin NFR data and demotion of Rishi Sunak. The US economy added more jobs than expected in July as employment rose by 943,000. There were gains in sectors including leisure and hospitality, education and professional services. Forecasts for jobs created last month had varied widely from 350,000 to [...]
