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What has changed after the US CPI and FOMC?

What has changed after the US CPI and FOMC?

The May US CPI surprised to the downside yesterday making the market to fully price back in 2 rate cuts by the end of the year and expecting a more dovish Fed. Unfortunatelly, that wasn't the case because the Fed's projections and dot plot surprised on the hawkish...

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European equities a touch lower at the open

European equities a touch lower at the open

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,...

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Spain May final CPI +3.6% vs +3.6% y/y prelim

Spain May final CPI +3.6% vs +3.6% y/y prelim

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,...

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FX option expiries for 13 June 10am New York cut

FX option expiries for 13 June 10am New York cut

There are quite a number to take note of for the day, as highlighted in bold.The first ones are for EUR/USD and they are layered between 1.0775 to 1.0810. Given that price action is also meddling with the key daily moving averages at 1.0788-02 currently, the expiries...

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What now after the US CPI and Fed showdown yesterday?

What now after the US CPI and Fed showdown yesterday?

And it sure did not disappoint. It was very much like a poker game, with the flop (CPI report) being presented first. Then, we moved on to the turn (dot plots) and finally the river (Powell's presser). Overall, it ended with a push and pull by the time we wrapped...

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