PCE core y/yThe Fed's mandate is to keep inflation near 2% but which inflation measure? The Fed looks at both CPI and PCE but its preferred measure is PCE.Today's core CPI number rose 0.39% month over month but that won't be repeated with the PCE report, according to...
The stronger CPI sent greenback higher vs the CAD, AUD, & NZD. What next for those pairs?
In this video, I kill 3 birds with 1 stone, by taking a technical look at the three major commodity pairs - the USDCAD, AUDUSD and the NZDUSD. What levels are in play, what are the risks and the targets for each now that the USD has shot higher. USDCAD starts at...
Euro unsure it wants to break the range
EURUSD dailyThe euro is in an interesting spot.It fell to the lowest since November 13 today but is now trying to creep back above the Dec/Jan double bottom. It coes with some moderate bids in the stock market as well.There is one camp around the CPI report that says...
USD/CAD soars to a two-month high after hot US inflation
USD/CAD has broken out of its 2024 range as the US dollar soars across the board. Previously, the pair had stalled three times right around 1.3540 but it's finally broken through in a 115 pip jump.USDCAD dailyOil is up 50 cents today so Canada is getting help on that...
The USDCHF moves above its 100 and 200 day MAs for 1st time since November. Buyers control
The USDCHF has moved above its 100 and 200-day moving averages for the first time since November 2023. That puts the buyers more in control. The 100-day moving average is at 0.8807. The 200-day moving average is at 0.88462. In between sits a swing area between 0.8819...
US stocks move lower after higher than expected US CPI
The major US stock indices are moving lower at the open after the higher-than-expected CPI data disappointed. Yields have moved higher with the 10 year now up 10.1 basis points at 4.271%. The 2-year is up 12.4 basis points at 4.594%The NASDAQ is leading the way to the...
US CPI higher than expected and sends USD higher. What are the technical telling traders?
The USD has moved higher in early North American trading after the higher-than-expected CPI data for January. Stocks are lower (NASDAQ down -300 points).. Yields are higher (10 year up over 10 basis points).The EURUSD has moved below the low prices from last week and...
US stock markets set for big declines after hot CPI report
It's going to be a bruising day in US equities today, at least at the start.S&P 500 futures are down 1.4%, or 69 points to 4972 with Nasdaq futures down 1.8%. It's been a hay day for tech stocks in particular over the past few months and a re-think in the rate cut...
What would happen to 10-year yields if the Fed indicated further rate hikes?
I ran a poll on Friday asking what looked like a theoretical question but now it's looking more like we might get a chance to find out.The odds of a near-term rate hike have been wiped out since today's CPI report and now it's not looking like a cut until June.The...
Fed cut odds plunge after hot CPI report
Implied probabilities for rate cuts this year plunged following today's US CPI report. There are now 94 bps in cuts priced in for the calendar year compared to 111 before the data.A May cut has fallen to just 40% from +70% yesterday while a cut at the June 12 meeting...
USD moves higher after stronger CPI. Stocks lower. Yields move higher.
The US CPI came in higher than expectations. Shelter continued its rise with a 0.6% increase contributing to the gains. US stocks have moved the lower. Yields have higher, and the US dollar has moved higher:EURUSD: The EURUSD has moved down from 1.0790 to 1.0723. The...
US January core CPI 3.9% y/y versus 3.7% y/y expected
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,...
US dollar running scared ahead of CPI
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,...
The GBP is the strongest and CHF the is the weakest as the NA session begins
The strongest to the weakest of the major currenciesAs the North American session begins, the GBP is the strongest and the CHF is the weakest. UK employment data was stronger than expectations. Swiss inflation was lower than expected (results are reviewed below). US...
OPEC maintains oil demand view, anticipates better economic growth
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,...
ForexLive European FX news wrap: Franc falls on Swiss inflation miss
Headlines:Markets:GBP leads, CHF lags on the dayEuropean equities lower; S&P 500 futures down 0.4%US 10-year yields down 1 bps to 4.16%Gold up 0.4% to $2,028.43WTI crude up 0.7% to $77.39Bitcoin up 0.3% to $49,977Even with all eyes on the US CPI data later today,...
Learn More about Averaging Down or Up
Averaging down or up is a strategy used by investors in the stock market to adjust their position on a stock. It involves buying more shares of a stock when its price has dropped (averaging down) or when it has risen (averaging up), with the intention of changing the...
Forgetting Your Time Horizon
Investing can be an emotional roller coaster, complete with the heady highs of market peaks and the stomach-churning lows of downturns. In this tumultuous landscape, it's remarkably easy for investors to lose sight of their time horizon — the period they expect to...
Dollar mostly steady, awaits US CPI data
The laggard on the day is the Swiss franc, following the softer-than-expected inflation report here. USD/CHF is up 0.6% to 0.8806 now, running into a test of its 100-day moving average at 0.8807:USD/CHF daily chartBesides that, the only other mover on the session has...
Japanese Candlesticks: Insights for Forex Traders
Japanese Candlesticks have been a crucial tool for Forex traders for many years. These charting patterns offer valuable insights into market trends and price movement, enabling traders to make well-informed decisions. Our article will provide a comprehensive guide to...