Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
British CPI will set the way for the GBP
The British pound tends to trade with high volatility as the Brexit deal remains cloudy. One day there’s a rumor of an agreement between Britain and the European Union and the next day it’s denied. To support the wavy pound, the Bank of England needs to raise the interest rate. However, a rate hike will be possible if only the economic data display a stable growth. CPI or consumer inflation index is one of the most important economic indicators as it correlates with the central bank’s inflation target. If the CPI increases, the central bank has more reasons to raise the interest rate in the near future. The CPI data will be out at 11:30 MT time on September 18.
• If CPI exceeds forecast, the GBP will gain.
• If CPI disappoints, the GBP will fall.
Similar
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Latest news
Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Deposit with your local payment systems
