EUR/USD During yesterday’s session, the euro jumped after scorching CPI numbers for the United States, but the gains were quickly erased. The bearish pressure persisted until the end of the session and the pair closed Read more…
The US Dollar started a steady upward move above the 124.50 resistance against the Japanese Yen. The USD/JPY pair traded above the 125.00 level to move further into a bullish zone. The pair even traded Read more…
BoJ Governor Haruhiko Kuroda said in a speech today that the economy was expected to pick up on improvement in consumption and robust overseas demand. “The outlook, however, remains highly uncertain due to the impact Read more…
Markets Yesterday’s US CPI caused investors to take a step backward and assess the standing uptrend in US/global yields. Both the headline CPI (1.2% M/M and 8.5% Y/Y) and core (0.3% M/M and 6.5% Y/Y) Read more…
St Louis Fed President James Bullard said in an FT interview, there’s “a bit of a fantasy” in current policy in centrals banks to think thank inflation could be brought down by moving interest rate Read more…
UK CPI rose 1.1% mom in March, above expectation of 0.7% mom. For the 12-month period, CPI accelerated from 6.2% yoy to 7.0% yoy, above expectation of 6.7% yoy. That’s the highest rate in the Read more…
The FTSE 100 struggles as UK consumer confidence wanes amid geopolitical uncertainty. The index has met stiff selling pressure near the recent peak (7690). A combination of profit-taking and fresh selling weighs on price action. Read more…
Gold rallied after US inflation in March came out less than market participants had expected. The metal’s medium-term uptrend is still intact as long as the price is above the major support at 1895. The Read more…
The New Zealand dollar bounced back after the RBNZ raised its interest rates by 50bp. The pair came under pressure after hitting resistance near the psychological level of 0.7000. The kiwi then saw bids at Read more…
US equity investors jumped on an emotional roller-coaster following the release of the inflation data in the US yesterday. The data came in at 8.5% for March, in line with expectations. This was the highest Read more…