Last week, the US CPI came basically in line with expectations, but the good news is that the Core M/M reading once again printed at 0.2% or 0.16% unrounded. The not so good news is that the US Initial Claims spiked higher coming at 248K vs. 230K expected, but...
Decoding the PPI Report: Unveiling Insights into Inflation Trends
The Producer Price Index (PPI) has once again taken the center stage as a pivotal economic indicator, providing a glimpse into the complex dynamics of inflation. With its finger on the pulse of wholesale price movements, the PPI stands as a harbinger of potential...
Dollar trades little changed on the day now
We were poised for a bit more of a risk-off mood to start European morning trade but a sudden recovery in stocks is changing that picture now on the session. As seen here, there was a sharp rebound in equities with US futures turning around as tech shares jump up. The...
German economy ministry: Early indicators don’t yet point to sustainable economic recovery
Sees reduced dynamic in labour market in the coming monthsContinues to see no growth impulse in foreign tradeCurrent early indicators do not yet point to a sustainable economic recovery in the coming monthsI don't think this is much of a surprise as Germany is now the...
Synesis One Launches the First NLP AI data Crowdsourcing Application on Solana Mainnet
Synesis One, the world’s first AI data crowdsourcing platform on the Solana Blockchain, announced today the launch of its new Train2Earn App ‘Workspace by Synesis’ on iOS, Android, Saga, and web browsers. The App allows anyone, anywhere in the world to train AI and...
Market Outlook for the Week of 14 – 18 August
The previous week saw a decrease in the U.S. CPI, indicating the effectiveness of the Federal Reserve's monetary strategy. However, a concern among analysts is that next month's data print might see a rise due to increases in energy costs. Looking ahead to monetary...
Dow Jones Technical Analysis – Awaiting the breakout of the range
Last week, the US CPI came basically in line with expectations, but the good news is that the Core M/M reading once again printed at 0.2% or 0.16% unrounded. The not so good news is that the US Initial Claims spiked higher coming at 248K vs. 230K expected, but...
Stocks recover some poise on the session
S&P 500 futuresI'm looking out for any headlines to have caused the turn here but I can't really pinpoint any specific ones. The turn is coming as general equities sentiment is switching around, with tech stocks now leading the way. Nasdaq futures in particular is...
EUR/USD Eyes Short-Term Retracement as DXY Runs Into Confluence Area
EUR/USD PRICE FORECAST: Recommended by Zain Vawda Get Your Free EUR Forecast Get My Guide READ MORE: US Dollar Forecast: Dollar Index Rally Continues with Fundamental and Technical Challenges AheadEUR/USD has continued to trickle lower this morning, but a short-term...
SNB total sight deposits w.e. 11 August CHF 484.8 bn vs CHF 492.9 bn prior
> SNB total sight deposits w.e. 11 August CHF 484.8 bn vs CHF 492.9 bn prior Latest data released by the SNB - 14 August 2023 <!--> Justin Low Monday, 14/08/2023 | 08:00 GMT-0 14/08/2023 | 08:00 GMT-0 --> <!--> Domestic sight deposits CHF 474.7 bn vs...
S&P 500 Technical Analysis – The bullish trend is still intact
Last week, the US CPI came basically in line with expectations, but the good news is that the Core M/M reading once again printed at 0.2% or 0.16% unrounded. The not so good news is that the US Initial Claims spiked higher coming at 248K vs. 230K expected, but...
Dollar has the recipe for the next leg higher
The technical stars are starting to align for the dollar and it's certainly going to make for an interesting week of trading. Things have been quiet as of late in the European session as summer time markets are prevailing but the days ahead could be a little...
Market Update – August 14- CNH, CHINA50 slide, JPY nears 2022’s intervention zone, PPI ticks up
Asia is in dire straits: CHINA50 and HK are down more than 2% as problems with developer Country Garden intensify and the stock is down almost -15% at its lows after suspending trading on 11 onshore bonds. Its issuance dated 01/2024 has fallen as low as 9 cents,...
Russell 2000 Technical Analysis – Bulls and Bears are watching this key support
Last week, the US CPI came basically in line with expectations, but the good news is that the Core M/M reading once again printed at 0.2% or 0.16% unrounded. The not so good news is that the US Initial Claims spiked higher coming at 248K vs. 230K expected, but...
Germany July wholesale price index -0.2% vs -0.2% m/m prior
Prior -0.2%Annual wholesale prices are seen down 2.8% compared to July last year and this is the fourth straight month that it is lower, owing much to a sharp decline in prices for mineral oil products. Just be wary though that the German stats office is going to be...
FX option expiries for 14 August 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.1000, which I would say might not get much traction on a day like this considering the market mood. The dollar is in a good spot and sellers are pressuring EUR/USD more towards its...
Not much on the economic calendar today in Europe
Last week was a bit of a dud in European trading mostly as the summer lull kicked in. The calendar today might suggest the same but markets could have other ideas considering the levels in play at the moment.The dollar is on the verge of a break higher across the...
Pressure on the Chinese yuan is a tailwind for the dollar
USD/CNY daily chartThis is one of the key charts to watch today as not only does it pertain to risk sentiment in general, it also has some bearing on the dollar's strength in the week ahead. Beijing have been trying to keep a lid on the currency's softening but the...
Risk on the defensive ahead of European trading
Despite the best efforts by Beijing to try and defend the yuan, it is on the verge of its lowest levels since November last year against the dollar. And that is indirectly dragging the aussie and kiwi lower today, alongside the more dour mood in equities.Asian stocks...
ForexLive Asia-Pacific FX news wrap: Hang Seng index slammed, wider risk off too: NQ lower
The troubles in China’s property market intensified over the weekend. Country Garden, China's top private property developer, said in a statement to the Shenzen stock exchange that it was going to suspend trading of its 11 onshore bonds from Monday. The response on...