Although yields remain near their lows for the day, the EUR/USD has erased all its earlier gains, with the pair recently reaching a low of 1.02867—just above the intraday low of 1.02858. The pair had spiked higher following the CPI data, targeting the swing area...
Fed’s WIlliams; Monetary policy data dependent in highly uncertain environment
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USDCAD makes a break lower today, but snapback rebound threatens the bearish tilt
The USDCAD has been trading mostly between 1.4334 and 1.4466. Yes there were two breaks lower last week which failed, but most of the price action has been within that area.In trading today another break to the downside occurred after the CPI data. That sent the price...
Weekly crude oil inventories show a drawdown of -1.962M versus a -0.992 million
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Fed Barkin: Inflation is coming down toward 2% target. Price pressures continue to ease
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Reuters Poll: BOE to cut bank rate in February. See 100 basis points of cuts in 2025
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Feds Kashkari: Tariffs themselves don’t cause inflation, but retaliation more complicated
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Morgan Stanley see the core PCE at 0.16%
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US stocks are liking the earnings and the CPI
The major US stock indices are liking the earnings from some major financials as well as the CPI data. The combination of the CPI and PPI has number crunchers thinking the core PCE will be just below the 0.2% level at 0.19% when it is released later this month. The...
Technology giants lead as automotive and consumer cyclical sectors surge
Stock heatmap by FinViz.com Wed, 15 Jan 2025 14:46:12 GMTSector OverviewToday's stock market heatmap reveals a strong performance across several sectors, with notable gains in technology, consumer cyclical, and automotive sectors.📈 Technology: Major players like...
The core PCE is projected to have increased by 0.19% given the CPI/PPI data
The number crunchers are at it after the CPI and PPi data this week.GIven the figures, Pantheon Macroeconomics expects the core PCE deflator (the favored measure of inflation for the Fed) at 0.19% - jut under 0.2%. Of course to get to 2.0% the average MoM needs to be...
USD moves lower after US CPI data
The US CPI data was more or less as expected, but the market is taking a more dovish view (I don't really see greatness in the data, but the market is cheering). Earnings from financialalso came in better which is helping the stock market. Yields are down sharply...
Canada manufacturing sales for November 0.8% versus 0.5% estimate
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US CPI YoY for December 2.9% versus 2.9% estimate. MoM 0.4% versus 0.3% estimate
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US January Empire Fed -12.6 vs +3.0 expected
Business activity declined in New York State in January, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index fell fifteen points to -12.6. New orders fell modestly, and shipments were little changed....
Reuters poll: ECB to cut deposit rate by 25 basis points in January to 2.75%
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Israal official says Hamas has give green light to Gaza deal
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ForexLive European FX news wrap: UK inflation eases, markets eye US CPI report
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields down 3 bps to 4.759%Gold up 0.3% to $2,685.57WTI crude up 0.4% to $77.80Bitcoin up 0.6% to $97,073It's all about the US CPI report today but in...
OPEC sees 2026 world oil demand keeping pace with their forecast for this year
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US MBA mortgage applications w.e. 10 January +33.3% vs -3.7% prior
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