Monday, 12 September 2022

Dollar Reversal and S&P 500 Rally Amplify the Focus on Today’s US CPI Release

There is plenty of fundamental trouble under the market's surface, but you wouldn't know it from the S&P 500. The benchmark index has advanced four straight sessions - there are no 5-day moves since November - but VIX was also up on the day. With US CPI on tap, will this move and the Dollar's retreat from two-decade highs find sustainable fuel?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...