BoJ Stands Firm, CPI Up Next!
The BoJ maintained its stance on interest rates as many Yen pairs jumped in the early session. Over in the UK, inflation is still heightened as the cost of living remains close to a 40-year high. Inflation fell to 10.5% in the year to December, compared to 10.7% in November. Timestamps USDJPY 01:40 GBPUSD 03:00 […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
NASDAQ underperforms despite CPI boost
Here is what you need to know on Friday, January 13: The equity market finally rallied on Thursday after the CPI caused notable confusion. The number was bang in line with expectations and caused a complete lack of direction immediately after. Inflation is coming down, yes, but the market had priced quite a bit of […]
How US CPI could fall more quickly than anticipated
Jeff Weniger from WisdomTree put together a nice graphic emphasizing that US inflation is about to begin lapping some seriously high year-over-year comparative numbers. With that, the old numbers will ‘fall out’ of the year-over-year reading and that will cause inflation readings to fall. How far will they fall? If CPI were to run at […]
US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
US Dollar (DXY) Price and Chart Analysis Are markets too optimistic ahead of today’s CPI release? Technical support for the US dollar looks fragile. Recommended by Nick Cawley Download our brand new USD forecast A range of financial markets remain risk-on ahead of the latest US inflation report which is expected to show price pressures […]
CPI Breaking News: US Headline CPI 6.5%, Core at 5.7%
US Inflation Meets Expectations on Both Measures US headline CPI (Dec) 6.5% vs prior 7.1% US core CPI (Dec) 5.7% vs 6% prior Market expectations for a 25 bps hike next month surge from 77% to 95%. S&P shoots higher, USD dips. Recommended by Richard Snow Get Your Free Equities Forecast Customize and filter live […]
Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?
Gold, XAU/USD, US CPI, Inflation, Bonds, Fed – Asia Pacific Market Open Gold prices roar higher as in-line US CPI report sinks US Dollar Markets slowly pricing out 2 more Fed rate hikes in months ahead XAU/USD breakout restores upside momentum, hinting at gains Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market […]
Dollar weakens in wake of CPI release; yen climbs ahead of BOJ By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
Market Update – January 13 – CPI as advertised, USD sank!
The December CPI report came in as advertised, indeed even better than expected for the headline. Treasuries saw strong gains, while there were more moderate gains on Wall Street. Overall inflation continues to come down & Fed Harker & Bullard comments boosted expectations the FOMC will further downshift rate hikes […]
US December CPI in line with estimates, Fed expected to gear down to 25 bp tightening rate |
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