The USD/CHF spiked higher following the CPI data, reaching an upside target near 0.9152 before fluctuating during Fed Chair comments. The subsequent pullback found support at a key swing area low of 0.9128, reinforcing the significance of this level.Holding above...
European equity close: A solid day despite the CPI blip
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Powell: Today’s inflation print shows we’re close but not there yet on inflation
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USDJPY continues its move higher.The EURUSD and GBPUSD have pushed back higher (lower USD)
The USD has seen increased bullish momentum in the USDJPY. Versus the EUR and GBP, the dollar has come off highs and reversed back higherUSDJPY: The USDJPY is pushing to new session highs after breaking above the 38.2% retracement level at 153.959. The pair has now...
EU Trade chief talks to Trump on finding a tariff solution
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Powell: We have had no contact with DOGE
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Crude oil inventory for the current week build 4.070M vs estimate 3.028M
Prior week oil inventory build 8.664MCrude oil inventory buildup 4.070M versus 3.028M estimateGasoline drawdown of -3.035M versus estimate of a build of 1.403MDistillate build of 0.135M vs drawdown of -1.539M estimateCushing build of 0.872M vs. last week drawdown of...
Hassett: Reciprocal tariffs are a work in progress
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US House budget projects $1.9 trillion deficit for fiscal year 2025, or 6.2% of GDP
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BOE’s Greene: Disinflationary process is broadly on track
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NASDAQ rebounds, eyes hourly MA resistance
U.S. stocks opened lower but have since pared some of their losses in the first 30 minutes of trading. The Nasdaq led the decline, dropping as much as 228.37 points before rebounding to a session high of 15,569.38 (down -74.47 points). This bounce brought the index...
Euro rebounds as the CPI move runs out of gas
EUR/USD 10 minsThe US dollar jumped following the hot CPI report but the move hasn't extended following the initial burst. There is some retracement ongoing across the board but the move in the euro is particularly strong. It's now recovered more than half of the...
Tech and healthcare stocks struggle as Tesla drives auto gains
Stock heatmap by FinViz.com Wed, 12 Feb 2025 14:46:11 GMTSector overviewThe US stock market experienced a turbulent day, with technology and healthcare sectors facing significant declines. The semiconductor industry led the downturn with notable stocks such as Nvidia...
The USDCAD moved above its 100 hour MA after the stronger US CPI. Watching support now.
The USD/CAD has moved above the 100-hour moving average at 1.4317 following the release of U.S. CPI data. Holding above this level keeps buyers in control, reinforcing the bullish momentum. However, a move back below could weaken the upside reaction and signal a loss...
The Fed has a bit less ammunition: What’s next for markets
AI imageToday's CPI report was hot and that's driven big US dollar gains and a 1% drop in S&P 500 futures. Will that move extend? I don't think it will.The talk about 'residual seasonality' in CPI is ramping up again and that's fair as it seems to be the case....
US dollar moves higher. Yields higher. Stocks lower after stronger CPI data
The markets are rocking and rolling after CPI data came in higher than expected. EURUSD: The EURUSD moved back below its 100 and 200 hour moving averages near 1.0344, tilting the bias back to the downside. Stay below those levels is more bearish.USDJPY:The USDJPY has...
US January core CPI +3.3% vs +3.1% expected
US core CPI y/yHeadline CPI:CPI +3.0% vs +2.9% expectedPrior was +2.9% y/ym/m reading at +0.5% vs +0.3% expectedMonth-over-month unrounded 0.467%Core measures:Core CPI 3.3% vs +3.1% expectedCore CPI m/m +0.4% vs +0.3% expectedCore unrounded +0.446% vs +0.225% m/m...
OPEC leaves 2025 and 2026 global oil demand forecasts unchanged
Last year OPEC overestimated global oil demand and that led to some volatility in the market and turmoil at OPEC. For now, they continue to see 1.45 mbpd of demand growth this year and 1.43 mbpd next year. They've also left 2025 GDP growth forecasts unchanged.For...
US CPI and 2nd day of Powell testimony. USD is mixed to kickstart the day
As the North American session begins, the EURUSD and the GBPUSD are marginally higher (lower USD). The USDJPY is also higher after BOJ Ueda stated that he will closely monitor the impact of U.S. tariff and immigration policies, as both are considered inflationary in...
ForexLive European FX news wrap: Markets pensive awaiting US CPI, more Trump headlines
Headlines:Markets:CHF leads, JPY lags on the dayEuropean equities higher; S&P 500 futures flatUS 10-year yields up 0.6 bps to 4.543%Gold down 0.5% to $2,882.71WTI crude down 1.1% to $72.47Bitcoin down 0.3% to $96,170It was a relatively quiet session as markets are...