US Dollar Stalls Ahead of CPI as Markets Brace for US Inflation Data

The US Dollar moderated overnight as markets prepare for tomorrow’s US inflation report. Asia Pacific markets look ready for a mixed open ahead of Japanese economic data.

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Fed’s Mary Daly on Future Rate Hikes and Global Financial Risks

San Francisco Fed president, Mary Daly, says that inflation is a “corrosive disease” that needs to be addressed despite mounting risks.

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Nasdaq 100, S&P 500 and Dow Waver but End Lower

Major U.S. stock indices end in negative territory amid mounting growth concerns, and ahead of tomorrow’s CPI figure that could be crucial to equities’ trajectory

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S&P 500 Seesaws After Hawkish Fed Minutes, Stock Market Fate Tied to Inflation Data

The Fed minutes from the September FOMC meeting showed that policymakers remain resolute on the need to make monetary policy more restrictive in order to bring inflation down to 2.0%.

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British Pound (GBP) Latest: UK Economy Contracts, BoE Bond Buying Dilemma

The UK economy contracted further than expected in August, with manufacturing and industrial production taking a heavy hit.

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Gold Prices Flash Signal Against Treasury Yields Amid Bullish Speculator Movement

Gold prices are down this week as traders take a cautious stance ahead of US inflation data. Bullion is likely at the mercy of that CPI number, but gold’s correlation with Treasury yields is sending a bullish signal.

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AUD/USD Selloff Pushes RSI Back Into Oversold Territory

The move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in AUD/USD like the price action from last month.

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New Zealand Dollar Bucks USD Strength but APAC Sentiment Fragile on China Lockdowns

The New Zealand Dollar managed to rise against a broadly stronger US Dollar. However, Asia-Pacific market sentiment remains at risk as China sees Covid restrictions increasing.

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Nasdaq 100, S&P 500 Extend Losses, Dow Jones Ekes Out Small Gain

Major U.S. stock indices end in negative territory as investors weigh bleak economic outlook amid tightening financial conditions.

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Euro Forecast: EUR/JPY, EUR/USD Eye Bullish Reversals; EUR/GBP in Holding Pattern

Both EUR/JPY and EUR/USD rates are working on daily bullish outside engulfing bars, a potential hint that a near-term bottom has been reached.

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Gold Price Weakness to Persist on Failure to Defend Monthly Opening Range

The price of gold may face a further decline over the coming days if it fails to defend the opening range for October.

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AUD/USD Breaks Lower as Global Sentiment Deteriorates on Geopolitical Tensions

Asia-Pacific markets look ready to extend an overnight slide on Wall Street as market sentiment degraded amid rising geopolitical tensions.

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USD/JPY Rises for Fourth Day to Push RSI Towards Oversold Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in USD/JPY like the price action from last month.

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Nasdaq 100, S&P 500 and Dow Under Pressure Amid Fragile Sentiment

Major U.S. stock indices end in negative territory as investors weigh gloomy economic outlook ahead of an important risk event later in the week.

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FX Week Ahead - Top 5 Events: UK GDP; FOMC Minutes; US Inflation Rate; China Inflation Rate; US Retail Sales

The coming week will feature growth and inflation data from several of the world’s major economies.

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The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

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Euro Forecast: EUR/USD Sinks Further, 20-Year Low Back in Play

The latest round of Russian missile strikes in Ukraine has driven risk-averse investors back into the arms of the US dollar, and that is sending EUR/USD ever lower.

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Gold Outlook: XAU/USD Facing Strong Fundamental Headwinds, YTD Lows in Sight Once More

The precious metal has come under renewed pressure as it trades back below the key $1700 level. Will we see a new YTD low?

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British Pound Latest: GBP/USD Rallies as BoE Boosts Gilt Market Liquidity

The Bank of England (BoE) ramped up its gilt market liquidity program today giving a tepid Sterling an early morning boost.

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Japanese Yen Nears Record Low as US Dollar Soars on Higher Treasury Yields

The Japanese Yen drifted lower again today after the US Dollar re-asserts its ascendency on strong economic data and a hawkish Federal Reserve. New highs for USD/JPY?

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