Summary Consumer price inflation was hot in December, rising 0.4% in the month on the back of higher food and energy prices. Excluding food and energy, the inflation picture looked better. The core CPI rose Read more…
As markets expected, the Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in December, after rising 0.3% m/m in November. On a twelve-month basis, CPI ticked up to 2.9% (from 2.7% in November). Over 40% Read more…
Markets A minor downward surprise in the December US inflation report triggered an outsized market rally. It’s testament to current stretched market positioning rather than to really softening price pressure. US money markets arrived at Read more…
Amazon Prime has grown rapidly over the past few years, especially in the United States. The subscription service, which costs $139 a year (or $14.99 monthly), allows Amazon (AMZN) customers to unlock exclusive benefits such Read more…
The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is currently trading at 1.2224, up 0.11%. UK inflation softer than expected The UK’s annual inflation rate eased slightly in December Read more…
Daily Pivots: (S1) 157.33; (P) 157.76; (R1) 158.41; More… USD/JPY’s fall from 158.86 extends lower in early US session but fails to break through 156.01 support. Intraday bias stays neutral for the moment. On the Read more…
Daily Pivots: (S1) 0.9105; (P) 0.9141; (R1) 0.9159; More… USD/CHF’s retreat from 0.9200 extends lower today, but stays above 0.9007 support. Intraday bias remains neutral for the moment. Near term outlook will stay bullish. On Read more…
Daily Pivots: (S1) 1.2154; (P) 1.2202; (R1) 1.2264; More… GBP/USD’s recovery from 1.2099 extends higher today, but stays well below 1.2486 support turned resistance. Intraday bias remains neutral at this point. Larger fall from 1.3433 Read more…
Daily Pivots: (S1) 1.0261; (P) 1.0286; (R1) 1.0333; More… EUR/USD’s recovery from 1.0176 extends higher today but stays below 1.0435 resistance. Intraday bias remains neutral while further decline is still expected. On the downside, break Read more…
Dollar extended its near-term pullback in early trading after core inflation data for December came in slightly below expectations, offering a degree of relief to traders and investors. Treasury yields also retreated, with the 10-year Read more…