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22 Apr 2013

Forex Flash: Australia CPI to confirm inflation remained subdued in Q1 - NAB

FXstreet.com (Barcelona) - “With little indication of inflation pressures emerging in the early months of 2013, we expect the CPI release (due 24 April) to confirm that underlying inflation remained subdued in March quarter 2013,” said analysts at the NAB, adding: “We see underlying inflation remaining within the RBA’s target over the medium to longer term, with soft consumer spending, below-average labour cost pressures, a still high AUD and a shift in business focus towards increased efficiency expected to keep price pressures well contained,” they conclude.
Apr 22, 2013

Forex: USD/JPY marches towards 100.00, BOJ rate decision due out end of week

The USD/JPY is opening the week on a strong note, up 30 pips from the Friday close at 99.83 last. The pair was well bid late last week after the G20 refrained from making any negative remarks towards Japan regarding recent aggressive QE policy. The Bank of Japan will be releasing its latest interest rate decision and outlook report later this week on April 26th at 3:00GMT.
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Apr 22, 2013

Forex: EUR/USD retracing from highs

After climbing to the vicinity of 1.3085 overnight, the euro started a correction lower and trading back to the area of 1.3060/65 on Monday....
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