United States MBA Mortgage Applications climbed from previous 0.3% to 2.8% in December 1
Blogs
Gold prices consolidate as focus shifts towards US ADP report
Gold is looking for direction with all eyes on US ADP employment figures.
Bailey speech: Rates are likely to remain around current levels
Bank of England (BoE) Governor Andrew Bailey reiterated on Wednesday that interest rates are likely to need to remain around current levels, per Reuters.
Pound Sterling Price News and Forecast: GBP/USD ends 2023 in bullish area
GBP/USD declined for the second consecutive on Tuesday before going into a consolidation phase at around 1.2600 early Wednesday.
Euro area Retail Sales rise by 0.1% in October vs 0.2% expected
Retail Sales in the Euro area and the EU rose by 0.1% and 0.3%, respectively, on a monthly basis in October, Eurostat reported on Wednesday.
GBP/USD is moving sideways around 1.2600 ahead of the US ADP report
The Pound remains vulnerable, capped below 1.2610. Weak US macroeconomic data are cushioning sterling’s reversal.
Greece Gross Domestic Product s.a (YoY) down to 2.1% in 3Q from previous 2.7%
Greece Gross Domestic Product s.a (YoY) down to 2.1% in 3Q from previous 2.7%
Eurozone Retail Sales (YoY) came in at -1.2% below forecasts (-1.1%) in October
Eurozone Retail Sales (YoY) came in at -1.2% below forecasts (-1.1%) in October
Eurozone Retail Sales (MoM) registered at 0.1%, below expectations (0.2%) in October
Eurozone Retail Sales (MoM) registered at 0.1%, below expectations (0.2%) in October
USD/JPY is steady below 147.45 resistance ahead of the US ADP report
The Dollar remains moderately bid, ready to test resistance at 147.50.