EUR/USD refreshes eight-month high above 1.0870 as risk profile soars, US PPI in focus
EUR/USD has refreshed its eight-month high above 1.0870 amid a positive risk-impulse. Volatility in the USD Index has escalated as the appeal for safe-haven assets has dropped. After slowing the extent of the interest rate hike to 50 bps, the Fed is expected to trim rate hike pace further to 25 bps. The EUR/USD pair […]
EUR/USD juggles below 1.0850 as focus shifts to US PPI and Retail Sales data
EUR/USD is oscillating below 1.0850 amid a holiday in the United States market. The US Dollar Index (DXY) is looking to drop below the immediate support of 101.75 amid an upbeat market mood. The release of the US PPI and Retail Sales will provide decisive moves in the asset ahead. The EUR/USD pair is struggling […]
USDJPY dips to a new low. Lower inflation from Michigan helps that move to the downside.
USDJPY falls below the 61.8% retracement Looking at the daily chart, the price has moved below the 61.8% retracement of the move up from the 2022 low and trades at the lowest level going back to early June 2022. That level comes in at 128.16. The low price reached 127.55. The current price trades at […]
GBP/USD Gains On US Inflation, Surprise Sign of UK Growth
GBP/USD Price, Analysis, and Charts The Pound gained on the Dollar as did many other currencies Friday Relaxing US inflation has buoyed hopes that rate hikes could end soon UK Growth beat expectations, but expectations were pretty low Recommended by David Cottle How to Trade GBP/USD The British Pound rose against the US Dollar on […]
Dollar stabilizes ahead of key December inflation data By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Thursday ahead of a widely awaited U.S. consumer inflation release, while the Japanese yen surged ahead of next week’s Bank of Japan meeting. At 03:00 ET (08:00 GMT), the , which tracks the greenback against a basket of six other […]
S&P500 needs solid earnings to go past key resistance [Video]
US inflation came in line with expectations. The kneejerk market reaction to the data was surprisingly negative, but the major US stock indices extended rally, while the US dollar dropped sharply. The S&P500 ended the session at a very important technical level – the index is now testing the ceiling of the 2022 bearish trend […]
Gold Touches $1900 as Inflation Cools!
Inflation in America dropped again, with the biggest reason for the easing coming from a sharp drop in gasoline prices. Markets are watching the Fed’s moves closely as officials battle against inflation. Will the next meeting bring any surprises or fall in line with the consensus? Timestamps XAUUSD 01:45 EURUSD 03:00 The post Gold Touches […]
Asia FX heads for weekly bounce, dollar at 7-mth low on easing inflation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The rose 0.1% against the dollar to an over seven-month high of […]
WTI struggles to extend recovery towards $79.00, optimism remains on softer US inflation
Oil prices have turned sideways after failing to extend recovery to near $80.00. The black gold price has not run out of steam as the US administration is ceasing oil supply to China. Falling US inflation has triggered odds of a slowdown in the pace of the Fed’s policy tightening. West Texas Intermediate (WTI), futures […]
Dollar wobbles as U.S. inflation fuels hopes of slower Fed rate path By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar swayed on Friday, flirting with seven-month lows after a sharp dive overnight as data showed U.S. inflation was slowing, boosting hopes of the Federal Reserve taking its foot […]