The May CPI jumps 0.6% on a monthly basis and 5% annually, the fastest pace since 2008 as the economic recovery kicks into high gear and energy costs remains skewed to the upside.
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Thursday, 10 June 2021
Breaking: ECB to Maintain PEPP Buying at Significantly Higher Pace
No fireworks for Euro as ECB sticks to the script
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Bitcoin (BTC/USD) Rallying Back - Tougher Tests Lie Ahead
Bitcoin is extending Wednesday’s rally - and outperforming the market as a whole – but stubborn resistance higher up may temper any further gains
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Euro Latest: EUR/USD, EUR/JPY Price Action Set Up for ECB Decision
ECB Doves Set the Bar Low for a Hawkish Surprise. PEPP Purchase Rhetoric Expected to be Maintained
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FTSE 100 Outlook: Picks Up Bullish Momentum Aimed at Breaking its Range
The FTSE 100 pushes towards 7,100 as buyers keep momentum going
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How to Learn Technical Analysis with DailyFX
Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...
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British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Seen Stable After US CPI, ECB
GBP/USD and EUR/GBP are unlikely to break out of their recent tight ranges despite today’s much-anticipated US inflation data and ECB decision on Eurozone monetary policy.
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Fibonacci Confluence on FX Pairs
Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight
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Wednesday, 9 June 2021
Crude Oil Prices Pull Below $70 as Rising Fuel Stockpiles Cools the Rally
Crude oil prices retreated from recent highs as a large build in gasoline fuel stockpiles dented sentiment, causing a pause in the rally. Yet the overall trend remains bullish-biased and the pullba...
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Gold Price Outlook: XAU/USD Eyes Fastest Expected Core Inflation Rate Since 1993
Gold prices may be at risk to the fastest expected pace of US core inflation growth since early 1993. If XAU/USD falls, rising support from March could maintain the upside focus.
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How to Manage the Emotions of Trading
Controlling emotions while trading can prove to be the difference between success and failure.
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S&P 500 Index Retreats Before US Inflation Data, APAC Stocks Open Mixed
The S&P 500 index is hovering near record highs as investors await US inflation data. Bitcoin rallied 11%. Asia Pacific markets traded higher at open
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Natural Gas Forecast: EIA Storage Report in Focus After Bullish Export Outlook
Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA's Short-Term Energy Outlook. Where can prices head from here?
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Nasdaq 100 Price Forecast for the Week Ahead
The Nasdaq 100 awaits an update on the domestic inflation situation as seasonal headwinds weigh on price action. A data surprise could revive volatility.
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Chinese Yuan Strengthens Versus US Dollar as New Yuan Loans, US Inflation Data Linger
The Chinese Yuan gained versus the US Dollar following a hotter-than-expected PPI print ahead of credit growth figures. Wall Street moved lower ahead of tomorrow's US CPI figures.
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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates
The Sterling-commodity currency crosses remain rangebound.
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Gold Price Chart Posts Bullish "Golden Cross" Formation, Will it Rally?
Gold posted a bullish technical pattern that could hint a continuation higher is in the works. That said, bulls will still need to negotiate the upcoming Fed meeting and overhead resistance.
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Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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ESG Investing: How COVID-19 Has Augmented its Relevance in Financial Markets
Incorporating sustainability into investment portfolios has increased with the advent of ESG investing opportunities. COVID-19 has bolstered this trend, which will likely continue into the future.
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Mexican Peso Outlook Improves amid Receding Political Risks, but Caution is Warranted
Dissipating political risks in Mexico and the improving economic backdrop could support the Mexican peso in the short term, but the Fed normalization process continues to be a threat.
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....