USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022

USD/CAD finally breaks below the stubborn 1.35 level. Following the US CPI print are we seeing the beginning of a slowdown in rate hikes?

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EUR/USD Latest: EURUSD Prints Largest Single Day Rise Since 2020

EUR/USD posted its highest single day rise since the start of the pandemic as softer US CPI data resulted in a sizeable downward revision in the dollar as well as US yields

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USD/JPY Weakness Leaves 140.00 as the Next Downside Objective

USD/JPY made a failed attempt to break below 140 yesterday after the latest US inflation report showed price pressures cooling in the States.

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British Pound Breaking News: UK GDP Beat Keeps GBP Bid For Now

GBP/USD pushed higher after UK GDP data surprised to the upside.

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Japanese Yen Holds Ground as Inflation Data Sinks the US Dollar. Lower USD/JPY?

The Japanese Yen gained on a weaker US Dollar after US CPI came in softer than forecast, driving Treasury yields lower and spurring hopes for a Fed policy pivot. Will USD/JPY break lower?

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Bitcoin Rebound in Doubt Amid Crypto Market Woes as APAC Markets Eye Risk-On Session

Bitcoin rebounded strongly during US trading hours after a weaker-than-expected CPI report weighed on Fed rate hike bets. Asia-Pacific markets will attempt to capitalize on the move.

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Crude Oil Price Forecast: China Virus Curbs Weigh on WTI, but Chart Shows Chance for Breakout

Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back online, but WTI’s chart shows a breakout chance.

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USD/CAD Climbs Back Above 50-Day SMA Ahead of US CPI

USD/CAD may struggle to hold above the 50-Day SMA (1.3524) as the US Consumer Price Index (CPI) is anticipated to show slowing inflation.

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AUD/USD Falls Alongside Iron Ore and bitcoin as China Ramps Up Lockdown Measures

The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US CPI data.

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Gold Price Struggles to Push Above October High Ahead of US CPI

The recent rise in the price of gold may unravel if it fails to push above the October high ($1730).

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S&P 500 Sinks ahead of US Inflation Data, Stock Market at Risk as Bitcoin Collapses

The S&P 500 slumped on Wednesday on risk-off sentiment as traders awaited the results of the U.S. midterm elections and the October inflation report due Thursday morning.

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The Fate of the US Dollar, the Dow, and Gold After US Midterms, US Inflation Data

Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss US inflation data and the US midterm elections.

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Gold and Silver Forecast: XAU, XAG at Key Technical Levels as US CPI Nears

Gold and silver prices are at key technical levels after rallying in the first half of the week as a US Dollar pullback improved conditions for the metals. The US consumer price index (CPI) may threaten the rally.

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EUR/USD Clears October High to Eye September High

EUR/USD may attempt to test the September high (1.0198) as it clears the October high (1.0094).

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Australian Dollar Steady as Yuan Wobbles after Chinese CPI and PPI Cools. Lower AUD/USD?

The Australian Dollar holds the high ground after China’s CPI and PPI was below forecasts but the Renminbi eased as hopes tilted toward an easing of conditions. Where to for AUD/USD?

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USD/CNH Upside Eases Ahead of Chinese Economic Data: Asia-Pacific Outlook

The Chinese Yuan is in focus ahead of Chinese inflation data due today. US stocks closed higher after traders brushed off volatility in the cryptocurrency market. Copper resumed a technical breakout.

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USD/JPY Outlook Mired by Failure to Defend Monthly Opening Range

USD/JPY may face a further decline over the coming days as it fails to defend the opening range for November.

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S&P 500 Rises for Third Straight Day ahead of Midterm Election Results, CPI Data Next

The S&P 500 rose for a third consecutive session amid positive sentiment on Wall Street, but the sell-off in the cryptocurrency space likely limited risk appetite

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FX Week Ahead - Top 5 Events: China, Germany, US Inflation Rates; US Midterm Elections; UK GDP

The first week of November is all about central banks.

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Fedspeak for the Week Ahead

Fedspeakers are back out in force this week following last week’s policy meeting. Here’s what to watch.

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