S&P 500 futures are down 0.3% ahead of the open while Nasdaq futures are down 0.5%. It's been a volatile morning following CPI but the bond market should be a tailwind.In terms of company news, shares of Delta are down 1.4% in the premarket after softer Q4...
Forex markets react to mixed US data. What next technically for the EURUSD, USDJPY, GBPUSD
The US CPI data today was higher than expected with the headline up 0.2% versus 0.1% expected and the core of 0.3% versus 0.2% expected. That increase the year on year measures as well with the core up 3.3% YoY. Not good. On the other hand is that initial jobless...
US dollar pops then drops after higher jobless claims and hotter CPI
USD/JPY 10 minsThe market reaction to the hotter US CPI report is tough to square. The dollar initially jumped to the best levels of the day but quickly turned lower.Core and headline CPI was both 0.1 pp higher than expected on a m/m basis and there were no obvious...
Gulf states are lobbying Washington to stop Israel attacking Iran’s oilfields
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US initial jobless claims 258K vs 230K estimate
Prior week 225KInitial jobless claims 258K vs 230K estimate4-week moving average initial jobless claims 231K vs 224.25KPrior week of continuing claims 1.826M revised to 1.819MContinuing Claims 1.861M vs 1.830M estimate4-week moving average of continueing claims 1.832M...
US September CPI 2.4% y/y versus 2.3% expected
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US CPI data due imminently. The ranges of estimates (& why they’re crucial to know)
For the full information on this post, why knowing the ranges is important etc, see this I posted earlier during the Asian session:In the link below you can also find the distribution of forecasts which is another important input for the market reaction:But, if you...
US 2-year yields rise to 4.05% as inflation report nears
The US CPI report is due at the bottom of the hour and eyes will be on the ongoing creep higher in Treasury yields. The front end is indicating that the front-loading of rate cuts along with good economic data will lead to a soft landing.US 2-year yieldsThe question...
Forexlive European FX news wrap: Treasury yields and USD higher into the US CPI release
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Inflation expected to rise again in the latter part of this year – ECB accounts
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USDCHF Technical Analysis – All eyes on the US CPI report
Fundamental OverviewThe USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections.This week, the greenback extended the gains as the...
NZDUSD Technical Analysis – The greenback remains supported ahead of the US CPI
Fundamental OverviewThe USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections.This week, the greenback extended the gains as the...
China imposes sanctions on three US military firms on Taiwan arms sales
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AUDUSD Technical Analysis – The USD remains in the driving seat
Fundamental OverviewThe USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts expectations and it’s now finally in line with the Fed’s projections.This week, the greenback extended the gains as the...
New Whales Drop $100B on BTC, is It Time for New Rally?
Bitcoin (BTC) is grabbing attention with new whale transactions and rising ETF inflows. Recently, over $100 billion has been poured into Bitcoin by large players, known as whales. Could this mean a new price rally for BTC? In this article, we'll break down how these...
BOJ’s Himino: We have enough time to carefully monitor financial markets
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BOJ’s Himino: We will hike rates if outlook for economy, prices in July report is achieved
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European equities in a mixed mood to start the day
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EUR/USD sits on the edge as sellers eye further downside
The dollar has been on a tear in the past week or so and that has drove EUR/USD lower to break under 1.1000. Traders have moved to price out the possibility of a 50 bps rate cut by the Fed next month. And with odds of a 25 bps rate cut by the ECB for later this month...
Germany August retail sales +1.6% vs +0.1% m/m expected
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