US CPI came in hotter than forecasts suggested but has not triggered the conventional market reaction via the DXY and SPX indexes respectively.
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Tuesday, 14 February 2023
Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI
Brent crude oil prices exhibit signs of attentiveness as markets await key economic data from OPEC and the U.S..
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Monday, 13 February 2023
Gold Prices Turn to US CPI Report, Will Softer Inflation Rekindle XAU/USD?
Gold prices extended losses on Monday heading into a hotly anticipated US CPI report. Will a softer inflation surprise reverse the yellow metal’s recent misfortune?
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Dow and Dollar: What is the Potential for Volatility and Trend from CPI Update?
Two of the largest representatives of market health – the Dow and the Dollar – are facing both technical resistance and the potential of volatility from the impending US CPI release Tuesday. Does this event have the capacity to drive these markets through their technical boundaries?
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US Crude Oil and USDCAD Push Synched Range Swings Ahead of US CPI
Congestion is a common affliction across the financial markets, but expectations for a CPI volatility punch is high. For crude oil’s and USDCAD’s broad ranges, how much potential is there for this top-level event to force a breakout?
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EUR/USD, Gold & Nasdaq 100 Setups Ahead of US Inflation Data. What to Expect?
The January US inflation report will help guide the Fed's path. The FOMC's tightening trajectory, in turn, may offer clues on EUR/USD, gold prices and Nasdaq 100’s short-term directional bias.
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US Dollar Subdued as US Inflation Expectations Little Changed, CPI Data Ahead
U.S. inflation expectations were little changed in January according to a New York Fed survey, but the data was largely ignored as traders await the latest CPI report to be released on Tuesday.
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Earthquake Death Tops 36,000 as Outrage Adds Pressure to USD/TRY
USD/TRY is heading back to January’s all-time high of 18.885 one week after the 7.8 magnitude earthquake ripped through the epicenter of the region.
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US Bond Yields Rally Further Ahead of a Major US Inflation Report
Yields on a range of US Treasuries are back to multi-week highs ahead of Tuesday’s US inflation report, testing the market’s risk appetite.
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GBP/USD Price Forecast: Calm Before the Storm for Pound
The GBP/USD price is showing signs of suspicion as markets keenly anticipate UK employment and US CPI tomorrow.
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Sunday, 12 February 2023
Crude Oil Dips as US Dollar Finds Firmer Footing Ahead of CPI. Where to for WTI?
The crude oil price slipped to open the week as the US Dollar eked out modest gains across the board on firming Treasury yields with market focus turning toward US CPI on Tuesday.
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Australian Dollar and the RBA: Dirty Deeds Don’t Come Cheap
The Australian Dollar appears vulnerable on Monday ahead of the RBA Governor’s questioning by Federal politicians as the consequences of loose policy cause friction. Lower AUD/USD?
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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, US CPI
The Dow Jones, Nasdaq 100 and US Dollar face a hotly anticipated US inflation report. Will volatility continue rising? Elsewhere, the Australian Dollar eyes local employment figures.
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US Dollar Forecast: Inflation Data to Set Tone for Bond Yields, Fed Path
The U.S. dollar could extend its recovery in the coming week if January U.S. inflation data surprises to the upside and prompt traders to reprice higher the path of Fed rate hikes.
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Friday, 10 February 2023
Dax Prices Beaten Down by Technical Headwinds
The German Dax has fallen below 15400, down by 1.64% for the day. With prices dropping below 15500, the CCI has fallen from overbought territory.
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US Dollar Price Forecast: DXY Nestles Beneath Dynamic Resistance
DXY has consolidated after the impulsive surge on the back of massive beats in NFP jobs data and a healthy services sector of the local economy. Where to from here?
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Gold Price Forecast: Ominous Signs for XAU/USD
XAU/USD price action reveals some bearish technical indications as markets await key U.S. economic data.
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USD/JPY Tests 130.00 as New BoJ Governor Rumors Swirl
The Japanese government is said to be looking at appointing a former member of the Bank of Japan Policy Board, Kazuo Ueda, as the next head of the central bank
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Breaking News: UK GDP Data in Line with Estimates, GBP/USD Steady
The UK economy stalled in the last quarter of 2022 with 2023 set to provide a host of challenges.
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Thursday, 9 February 2023
Swedish Krona Bolts Higher, Norwegian Krone Follows. Where to for EUR/SEK and EUR/NOK?
The Swedish Krona rallied after the Riksbank raised rates and upped the ante on hawkish rhetoric that also gave the Norwegian Krone a boost. Will EUR/SEK continue lower?
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...