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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

Portugal Producer Price Inflation Eases

Portugal’s producer price inflation eased in April, though remained strong, figures from Statistics Portugal showed on Wednesday. The producer price index climbed 24.6 percent year-on-year in April, following a 26.5 percent rise in March. The overall increase in April was ...

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South Africa Retail Sales Rise Less Than Forecast

South Africa’s retail sales rebounded at a slower-than-expected pace in March, data from Statistics South Africa showed on Wednesday. Retail sales rose an unadjusted 1.3 percent year-on-year in March, reversing a 0.9 percent fall in the previous month. That was ...

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Malta HICP Inflation Accelerates In April

Malta’s EU measure of inflation accelerated further in April, data from the National Statistics Office showed on Wednesday. The harmonized index of consumer prices, or HICP, increased 5.4 percent year-on-year in April, faster than the 4.5 percent rise in March. ...

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Austria Inflation Rises As Estimated

Austria’s consumer price inflation increased significantly in April to reach its highest level for over four decades, as initially estimated, latest figures from Statistics Austria showed April. Consumer prices climbed 7.2 percent year-over-year in April, faster than March’s 6.8 percent ...

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Gold Drops Post Aggressive Fed Hints

Gold prices dropped further on Wednesday amidst an aggressive tone by the Fed on inflation control. The Fed Chair Jerome Powell had on Tuesday hinted that the Fed would keep tightening till inflation has been tamed. U.K.’s inflation rising to ...

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Crude Prices Surge On Hopes Of Demand From China

Crude oil prices surged on Wednesday as markets starting hoping the demand from China would soon be reflected in the world’s oil markets. Price pressures also increased amidst reports that western sanctions caused Russia’s crude output to slump in April. ...

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U.S. Housing Starts Edge Down 0.2% In April

A report released by the Commerce Department on Wednesday showed a modest decrease in new residential construction in the month of April. The Commerce Department said housing starts edged down by 0.2 percent to an annual rate of 1.724 million ...

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European New Car Registrations Fall Further In April

European new car registrations declined for the tenth successive month in April, as supply chain issues continued to hurt production, the European Automobile Manufacturers’ Association, or ACEA, said Wednesday. Registrations of new passenger cars dropped 20.6 percent year-over-year in April, ...

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U.S. Dollar Climbs On Powell's Hawkish Remarks

The U.S. dollar moved up against its most major opponents in the European session on Wednesday, following comments from Federal Reserve President Jerome Powell that the U.S. central bank is determined to keep raising interest rates until there is clear ...

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