Japanese Yen Wilts as Inflation Woes Grips Markets Ahead of US CPI Today

The Japanese Yen continued its slide against the US Dollar ahead of a highly anticipated US CPI number today that could provide clues on further Fed action. How high can USD/JPY go?

from DailyFX - Market News https://ift.tt/lHI2d95
via IFTTT

Dollar and S&P 500 Wind Up Despite Financial Warnings but CPI Ahead

Despite the warning from the IMF that the worst is still ahead for economic and financial risks, the S&P 500 and US Dollar have worked their way into remarkably tight trading patterns. If today’s CPI sparks the same level of volatility as it did last month, calm could give way to volatility.

from DailyFX - Market News https://ift.tt/Ydq023E
via IFTTT

EUR/USD Reverses Ahead of 50-Day SMA to Snap Monthly Opening Range

Failure to defend the opening range for October may lead to a further decline in EUR/USD as it appears to be tracking the negative slope in the 50-Day SMA (0.9965).

from DailyFX - Market News https://ift.tt/oI4qTHK
via IFTTT

Gold Prices Find Optimism Before US CPI Report, That May Be Wishful Thinking

Gold prices traded rather optimistically ahead of the highly anticipated US CPI report. An upward push in core inflation would likely bode ill for XAU/USD. What are key levels to watch?

from DailyFX - Market News https://ift.tt/ja3tbnK
via IFTTT

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.

from DailyFX - Market News https://ift.tt/Jbd0vzC
via IFTTT

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.

from DailyFX - Market News https://ift.tt/lATSwV3
via IFTTT

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

from DailyFX - Market News https://ift.tt/CTE1hXt
via IFTTT

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%.

from DailyFX - Market News https://ift.tt/5yMx8gj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/CTFxoi4
via IFTTT

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.

from DailyFX - Market News https://ift.tt/LAIYg8k
via IFTTT

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.

from DailyFX - Market News https://ift.tt/ox9SvOV
via IFTTT

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.

from DailyFX - Market News https://ift.tt/4phbXl5
via IFTTT

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.

from DailyFX - Market News https://ift.tt/WCqFxBS
via IFTTT

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.

from DailyFX - Market News https://ift.tt/5vuV4ed
via IFTTT

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.

from DailyFX - Market News https://ift.tt/Df7r4b9
via IFTTT

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.

from DailyFX - Market News https://ift.tt/5QCv3a0
via IFTTT

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.

from DailyFX - Market News https://ift.tt/8NBhpM2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/rvd9kIV
via IFTTT

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.

from DailyFX - Market News https://ift.tt/27nptDg
via IFTTT

The CPI and Forex: How CPI Data Affects Currency Prices

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

from DailyFX - Market News https://ift.tt/nalc0gd
via IFTTT