The US consumer price index has updated its record since 1981, accelerating to 8.5% y/y from 7.9% a month earlier and slightly stronger than the 8.4% average analysts forecast. However, yesterday’s White House warning of Read more…
Consumer price inflation continued to accelerate in March, rising 1.2% month-on-month (m/m) – the fastest month-over-month pace since September 2005. On a year-over-year (y/y) basis, inflation was 8.5%, marking yet another multi-decade high. Gasoline prices Read more…
Stocks rise even though headline inflation jumps to 8.5%. USD falls. US futures Dow futures +0.65 % at 34507 S&P futures +1.22% at 4463 Nasdaq futures +1.8% at 14262 In Europe FTSE -0.3% at 7635 Read more…
Crypto investors are bailing from these riskier assets as recession fears intensify. The crypto market is once again at a crossroads. In particular, will bitcoin resume its rally or are too many headwinds pushing it Read more…
Daily Pivots: (S1) 1.0860; (P) 1.0897 (R1) 1.0920; More… Intraday bias in EUR/USD remains neutral at this point. Further decline is in favor with 1.0987 minor resistance intact. On the downside, decisive break of 1.0805 Read more…
Daily Pivots: (S1) 1.2993; (P) 1.3025; (R1) 1.3061; More… Intraday bias in GBP/USD is turned neutral as it turns into consolidation after hitting 1.2981. Outlook will stay bearish as long as 1.3165 resistance holds. Break Read more…
Daily Pivots: (S1) 124.36; (P) 125.07; (R1) 126.10; More… Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed below signal line. On the downside, break of 124.66 minor support will bring deeper Read more…
Daily Pivots: (S1) 0.9287; (P) 0.9329; (R1) 0.9355; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9380 should confirm that fall from 0.9459 has completed with three Read more…
Dollar drops in early US session together with treasury yields after consumer inflation data. While headline CPI came in higher than expected, core CPI’s pick up missed expectations. Commodity currencies are trading generally higher as Read more…
In Germany, the final consumer price index data confirmed that inflation reached 7.3% y/y in March – the highest since 1981. This is a worrying reading, but it is already priced in as it coincided Read more…