Bulls keep the reins ahead of US inflation
EUR/USD stays firmer around seven-month high, approaching mid-2022 top. Nearly overbought RSI challenges buyers as they brace for key hurdles. Looming bull cross on MACD, clear upside break of one-month-old descending trend line favor bulls. EUR/USD buyers can aim for ascending trend line from mid-November on crossing 1.0805. EUR/USD bulls take a breather around the […]
Inflation is expected to have declined in December
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022.Lucy Nicholson | ReutersThe pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices, but the annual rate is still likely […]
Inflation boosts RBA’s 2023 interest rate outlook
AUDUSD, Daily Australia’s Monthly CPI indicator rose to 7.3% in the year to November, surpassing market forecasts of 7.2% y/y thus fuelling forecasts of further rate hikes in 2023. The most significant contributors to the rise came from housing (+9.6% y/y), food & non-alcoholic beverages (+9.4% y/y), transport (+9.0% y/y), furniture, household appliances & services […]
Forex Today: Waiting about to end, does not look good for the US Dollar
What you need to take care of on Thursday, January 12: Market players held their breath for a second consecutive day, with major pairs holding on to f Source link
Market braces for EURUSD breakout of 1.08 as risk of inflation easing grows in US
Cautious optimism remains in the currency markets regarding the idea that the signs of the US losing growth momentum will force the Fed to tap the breaks on monetary tightening and prepare markets for an easing cycle. Easing Covid policy in China is also supportive for market sentiment as investors price in a rising Chinese […]
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Joice Alves LONDON (Reuters) – The U.S. dollar and euro held firm on Wednesday as traders assessed European Central Bank’s latest statements and waited to see whether data due this week will confirm that U.S. inflation […]
Fed Chair Powell Silent As Bond Markets See Recession, Rate Cuts
Often, it’s what isn’t said that deserves the most attention. Federal Reserve Chairman Jerome Powell’s decision to sidestep the issue of inflation and rate hikes during a central banking conference in Stockholm this week, as markets bet against his previous hawkish signals, may prove as pivotal as his late August speech in Jackson Hole when he […]
USD/JPY pain to return as surging inflation tees up BoJ for further hawkish foray By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has attempted to steady since its recent rout against the yen, but the yen could bring the pain once again after the latest data showing Tokyo inflation hitting four-decade highs ramped up bets on the Bank of Japan making a further foray into hawkish territory next […]
Mother of All Debt Bombs & 9 Other Megathreats Are Looming, Gold May Be Best Protection: Roubini
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, ‘Megathreats,’ as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming ‘megathreats,’ using commodities like gold. Source link
Powell says Fed might make unpopular decisions to stabilize prices
Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation.In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically.”Price stability is the bedrock of a healthy economy and […]