September still a hold, while swap contracts suggest odds a 49.3% chance of a hike at the November 1st FOMC meeting Supercore inflation rate rises most since March Two-year Treasury drifts lower by 2.1 bps Read more…
Markets German Bunds underperformed from the start of trading on the back of a Reuters article which suggested that the ECB will tomorrow upwardly revise its 2024 CPI forecast from 3% currently. This bolsters the Read more…
The Consumer Price Index (CPI) rose 0.6% month-on-month (m/m) in August, in line with the consensus forecast. On a 12-month basis, CPI inched 0.4 percentage points (pp) higher to 3.7% . Energy prices (+5.6% m/m) were Read more…
US CPI rose 0.6% mom in August, matched expectations. CPI core (ex food and energy) rose 0.3% mom, above expectation of 0.2% mom. Energy index was up 5.6% mom. Food index was up 0.2% mom. Read more…
The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, Read more…
The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, Read more…
UK GDP falls by 0.5% GBP/USD dips slightly lower The British pound has edged lower on Wednesday. In the European session, GBP/USD is trading at 1.2472, down 0.17%. The pound fell as low as 1.2441 Read more…
UK GDP falls by 0.5% GBP/USD dips slightly lower The British pound has edged lower on Wednesday. In the European session, GBP/USD is trading at 1.2472, down 0.17%. The pound fell as low as 1.2441 Read more…
EUR/USD started a recovery wave above the 1.0715 resistance. USD/CHF is struggling to clear the key 0.8940 resistance zone. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro gained pace after it broke the Read more…
Daily Pivots: (S1) 0.6409; (P) 0.6427; (R1) 0.6446; More… Range trading continues in AUD/USD and intraday bias remains neutral. While stronger recovery might be seen, outlook will stay bearish as long as 0.6520 resistance holds. Read more…