The Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in March, in line with the consensus forecast. On a twelve-month basis, CPI inched higher to 3.5% (from 3.2% in February). Energy prices were driven higher Read more…
Daily Pivots: (S1) 151.59; (P) 151.76; (R1) 151.96; More… USD/JPY’s surges to as high as 151.51 so far, and the break of 151.93 key resistance indicates long term up trend resumption. Intraday bias is back Read more…
Dollar is having a strong, broad-based rebound in early US session, driven by upside surprises in CPI data. The concern for Fed stems not just from the headline inflation spurred by rising energy costs. But Read more…
U.S. inflation pressures quickened again last month, with core price pressures rising past Wall Street forecasts, a reading that will add further doubt to market bets on a June interest rate cut from the Federal Read more…
US CPI rises 0.4% mom in March, above expectation of 0.3% mom. CPI core (all items less food and energy) rises 0.4% mom, also above expectation of 0.3% mom. Energy index rose 1.1% mom. Food Read more…
AUDCAD rallies after hitting uptrend line RSI and MACD detect positive momentum A break above 0.9055 could shift the outlook to clearly bullish But a dip below 0.8810 could invite more bears AUDCAD has been Read more…
Nvidia (NVDA) shares edged lower Tuesday, following on from the lowest closing level for the AI-chip maker in more than a month, even as investors and analysts continue to tout the profit potential of its Read more…
EURCHF still stands above rising trend line Technical oscillators indicate negative correction EURCHF has been in an ascending tendency since the end of January, and it posted a fresh almost one-year high of 0.9847 in the preceding Read more…
The Canadian dollar is slightly lower on Wednesday. In the European session, USD/CAD is trading at 1.3559, down 0.09%. Bank of Canada expected to stay pat The Bank of Canada is widely expected to hold Read more…
The EUR/USD pair is maintaining a neutral stance, trading around 1.0851 on Wednesday, as the market anticipates crucial updates, including the US inflation data for March and the outcome of the European Central Bank (ECB) Read more…