NZD/USD bulls are tiring ahead of US CPI as the main event
NZD/USD bulls eye a test of resistance before Thursday’s CPI event that leaves the 0.6470s exposed. NZD/USD traders will be looking to the lower timeframes for signs of deceleration from the bulls that could lead to a break of 0.6200. NZD/USD is heading into the end of the North American session flat on the day so […]
Dollar Subdued Ahead of CPI!
The DXY made a seven-month low as the EURUSD made major advances. China’s re-opening has aided risk assets as Gold continued to climb higher. In addition, Fed Chair Jerome Powel is due to speak later today as traders look for his thoughts on monetary policy in the future. Timestamps DXY 01:45 EURUSD 03:05 The post […]
Market Update – January 10 – Wall Street in a dangerous game ahead of Powell, CPI, earnings
Treasuries remained firm, yields finished off of their lows. Wall Street turned mixed in the afternoon after the US30 and US500 shed their advances. Hawkish Fedspeak from Bostic and Daly generated some cold feet and subsequent profit taking ahead of Fed Chair Powell’s comments later. The advent of $90 bln […]
US Dollar Slides to New Lows after Fed Cites CPI as Key to Hikes. Where to for USD?
US Dollar, DXY Index, Fed, FOMC, China, EUR/USD, GBP/USD – Talking Points The US Dollar softened today as Fed speakers put forward their case China re-opening might get a further boost from stimulus measures Risk and growth-linked assets are benefitting from the tilt. Will that sink USD? Recommended by Daniel McCarthy Get Your Free USD […]
US Dollar Sinks to Support After PMIs: CPI Data Ahead
US Dollar Talking Points: The US Dollar started the year with a subtle show of strength but that was soundly rebuked on Friday after the release of PMI numbers. The big US driver for this week is CPI which is set to be released on Thursday. Markets are looking for a move down to 6.5% […]
Dow Jones, S&P 500, US Dollar, Gold, British Pound, US CPI
Recommended by Daniel Dubrovsky Get Your Free USD Forecast Global market sentiment improved to start off the first week of 2023. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 rallied 1.23%, 1.19% and 0.87%, respectively. Across the Atlantic, the FTSE 100 and DAX 40 gained 2.49% and 4.93%, respectively. Meanwhile, in the […]
Dollar Index (DXY) Eyes U.S. CPI
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Newsquawk Week Ahead: Highlights include US & China CPI, and US earnings season
Week Ahead January 9-14th: MON: Swiss Unemployment (Dec), German Industrial Output (Nov), EZ Sentix (Jan), Unemployment (Nov), Chinese Exports/Imports (Dec)TUE: EIA STEO; Norwegian CPI (Dec), US NFIB (Dec), Chinese M2 & New Yuan Loans (Dec)WED: Australian CPI (Nov)THU: Australian Trade Balance (Nov), US CPI (Dec), IJC (w/e 2nd Jan)FRI: ECB TLTRO Repayment Amount Publication; UK […]
S&P index approaches, but closes below 200 hour MA. Monday will be a key day ahead of CPI
The US major indices are closing higher on the day and for the week. All the major indices are closing with gains over 2% on the day. For the week the gains are from around 1% to 1.5% for the major indices. The final numbers are showing: Dow industrial average rose 700.53 points o 2.13% […]