The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. Prices for goods at the wholesale level have grown stunningly. The monthly increase in the PPI is at 0.3% and the Core PPI at 0.5%. Both were expected to increase just 0.1%. The producer price increase indicates that inflation
Fundamental Analysis
Trade with Swiss Bank Fri, 16 Feb 2024 12:11:45 GMT Source: Dukascopy Bank SA Despite the UK economy entering a recession, in January, Retail Sales have increased 3.4%. However, the optimism is not warranted, as the sales have dropped -3.3% in December, which in nominals terms is a larger sum than the recovered amount. The
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level’s resistance.
Trade with Swiss Bank Thu, 01 Feb 2024 14:53:01 GMT Source: Dukascopy Bank SA The Bank of England has kept its Official Bank Rate unchanged at 5.25%. The no change was expected. The market reacted to the news with a slight strengthening of the Pound against other currencies. GBP/USD currency pair surged 55 points or
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. The markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of
Trade with Swiss Bank Thu, 25 Jan 2024 13:42:14 GMT Source: Dukascopy Bank SA The United States Advance Gross Domestic Product publication has surprises the financial markets, as a major beat of forecast has occurred. Markets expected GDP to have increased by 2.0%. Instead the US economy has grown by staggering 3.3%. The event caused
Trade with Swiss Bank Thu, 25 Jan 2024 13:31:16 GMT Source: Dukascopy Bank SA The European Central Bank has just published its Main Refinancing Rate. As expected, the ECB has kept the interest rate at 4.50%. The EUR/USD currency exchange rate reacted to the news by surging only ten points and testing the resistance of