Daily Pivots: (S1) 1.0186; (P) 1.0217; (R1) 1.0244; More… EUR/USD’s rise from 0.9951 resumes today and accelerates to as high as 1.0344 so far. Immediate focus is now on 1.0348 support turned resistance, which is Read more…
Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling Read more…
U.S. inflation slowed notably last month, data from the Bureau of Labor Statistics indicated Wednesday, setting the possibility of a pause in Fed rate hikes. U.S. inflation slowed notably last month, data from the Bureau Read more…
Gold’s rally from 1680.83 picks up some momentum after US CPI release, and breaks above 1800 handle. For now further rally is expected as long as 1764.77 support holds. Next near term target is 38.2% Read more…
In July, US CPI was at 0.0% mom, below expectation of 0.2% mom. CPI core rose 0.3% mom, below expectation of 0.5% mom. Gasoline index dropped sharply by -7.7% mom. Energy index dropped -4.6 mom. Read more…
It is definitely inflation day today. China, Germany, and Italy have released their consumer inflation data, while the US will release theirs before the New York session begins. Historically, inflation data has rarely deviated from Read more…
USD/JPY continues to show little movement this week, in sharp contrast to Friday, when the pair jumped a massive 1.55%. In the European session, USD/JPY is trading at 135.02 down 0.09%. The yen had shown Read more…
The Australian dollar has posted slight gains today. AUD/USD is trading at 0.6974 in the European session, up 0.15%. Will US inflation report shake up currency markets? The economic calendar is light this week, with Read more…
Earlier today, a somewhat worrying report came out that a key point in the Rhine river would likely become impassable on Friday. It takes several days for the water to flow down the length of Read more…
Wall Street remains laser-focused on a crucial July inflation reading before the bell that could trigger near-term changes to Fed rate hike bets. U.S. equity futures nudged higher Wednesday, while the dollar slipped lower against Read more…