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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
The Dollar had a great day yesterday against most other major currencies. Durable goods orders, initial jobless claims and preliminary GDP data all well ahead of expectations. Combine that with the highest interest rate in 22 years and dropping inflation and things look quite rosy across the pond right now.
Around the same time that all of that was happening the ECB increased their base rate by the expected 0.25% to 3.75%. On the back of that Euro rates remained fairly static. However that may well change today as individual countries in the Eurozone release their inflation numbers. The highlight will be the German number where analysts are expecting 6.2% annualised growth.
Prior to that there's Eurozone consumer sentiment out mid morning. Analysts are predicting a reading of -15.1 indicating a lack of confidence.
Early afternoon sees personal income and expenditure in the States so could be a bumpy afternoon again in the currency markets.
Business news returns to artificial intelligence. In the US, actors are currently on strike with one of the reasons cited being the surge in AI and what the knock on effect could be if AI imagery replaced real actors. Throw into the mix the latest job ad at Netflix who are offering $900k pa for an AI expert and the situation could become more volatile.
EUR: 10:00 Consumer Confidence
GER: 13:00 Inflation Data
US: 13:30 Personal Income and Expenditure
CHN: Monday 02:00 Manufacturing Information
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