Asia FX steadies before U.S. CPI data, dollar nears 7-month low By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies crept higher on Thursday and the dollar fell in anticipation of data showing a further easing in U.S. consumer inflation, while the Japanese yen rallied sharply after the country logged a record-high current account surplus. The dollar retreated further on Thursday, and was close to its lowest […]
XAU/USD eyes $1,900 and US CPI on renewed upside – Confluence Detector
Gold price looks north, as US Dollar licks its wounds amid sluggish Treasury yields. Markets turn cautious amid expectations of a softer US CPI report. Gold bulls stay hopeful whilst above critical $1,825 support, eye $1,850 again. Gold price is holding near eight-month highs, as bulls seek another to take on the $1,900 barrier ahead […]
Can CPI Recharge VIX and Spark a True S&P 500 Trend?
CPI S&P 500, Volatility, EURUSD, Yields and Earnings Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 Over the past three months, one of the top market-moving events in the major macro docket has been the US CPI The past few inflation updates have initiated strong S&P 500 rallies and […]
Forexlive Americas FX news wrap: Dollar steady but risk trades rip ahead of CPI
Markets: WTI crude oil up $2.49 to $77.61 US 10-year yields down 8.3 bps to 3.53% Gold down $1 to $1876 S&P 500 up 48 points to 3988 AUD leads, CHF lags The big mover in Wednesday’s trade was the Swiss franc as EUR/CHF broke out of a multi-month range and shot above the 200-day […]
Dollar largely flat; U.S. CPI in focus after Powell fails to provide lead By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar traded largely flat in Europe Wednesday, with risk sentiment on the rise but attention firmly on this week’s key U.S. inflation release. At 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of six other currencies, edged higher to 103.017, holding […]
Market Update – January 11 – Dollar stands still ahead of Thursday’s CPI
Treasuries were more unidirectional while Yields have crept higher led by the long end. The curve has bear steepened to -65.6 bps from -68 bps Monday and -74 bps before Friday’s data. Wall Street was very choppy, trading either side of unchanged, after a positive opening. Chair Powell did not […]
US Dollar Support Breakout Remains Lackluster After Powell Speech, Focus on CPI
US Dollar, DXY, Fed Outlook, Jerome Powell, CPI – Asia Pacific Market Open US Dollar flat as Jerome Powell offers no new meaningful updates The DXY Dollar Index support breakout has been lackluster so far Australian Dollar now eyeing local monthly inflation gauge next Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market […]
Asia FX slips while dollar steadies ahead of CPI readings By Investing.com
© Reuters. By Ambar Warrick Investing.com — Asian currency markets edged lower on Wednesday as traders stepped back from risk-driven assets ahead of economic cues from key inflation readings this week, while the dollar steadied from recent losses. After logging a strong start to the week on optimism over a Chinese reopening, regional units crept […]
Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hike. Where to for XAU/USD?
GOLD, XAU/USD, US Dollar, Real Yield, AUD/USD, Crude Oil – Talking Points Gold continues to glisten ahead of crucial inflation data The Fed continues to talk tough on rates, but equities rally anyway China’s re-opening has underpinned base metals, Will it boost XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold made an […]
What exactly is Services CPI ex Rent and Shelter doing?
SF Fed President Daly said that she is watching the services CPI ex housing for signs of inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in […]