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,...
USDCHF moves down and looks to test the 100 day MA
USDCHF moves closer to its 100 day moving averageThe Swiss franc - like all major currencies - is running to the upside versus the greenback. The USDCH pair is currently down -1.01%. That is the largest decline since July 12.Technically, the price started the day...
Atlanta Fed sticky CPI 4.9% vs 5.1% prior
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,...
Scalise says he is confident US House will pass a stop-gap funding bill today
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,...
Soft-landing elation grips markets
Stock market gains today:The S&P 500 is up 1.9%The Nasdaq up 2.3%The Russell 2000 up 3.7%It's a bonanza in markets after US CPI was slightly lower than expected today. The market has priced out any further Fed rate hikes and is cheering the likelihood of a soft...
AUDUSD skyrockets, targets key moving average
The AUDUSD is racing to the upside on "risk on" flows (and overall USD selling) after the US CPI data. The pair is currently up 1.54%. That's the largest gain since January 6 (gain of 1.78%).AUDUSD runs higher after tame CPI in the USTechnically, the pair is back...
Live Analysis – US Inflation with Andria & Francois
Fed funds futures are surging as the CPI report takes the FOMC out of the picture for now. Deferred contracts are pacing the move, though we suspect the market is getting ahead of itself, moving forward rate cuts and pricing in a string of easings next year. The...
Strong start for the major US indices after lower-than-expected CPI
The major stock indices are opening with solid gains led by the NASDAQ index. US CPI came in tamer than expectations at 0.0% for the headline number and 0.2% for the core measure. Expectations for a Fed tightening have been taken out of the market in December. Feds...
What Home Depot is seeing in the US consumer
Home Depot sharesHardware giant Home Depot reported earnings today of $3.8 billion compared to $4.3 billion a year earlier. Still, shares are up 3.5% in the pre-market as they were stronger than expected.Housing is naturally a drag on the US economy with interest...
Kickstart your FX trading for Nov. 14 w/ a technical look at the EURUSD, USDJPY and GBPUSD
The US CPI data came in softer than expectations and that has led to a sharp move lower in the US dollar. Having said that, there is some technical levels in play after the move. What are those levels? What next for the EURUSD, USDJPY and GBPUSD? This video will...
SNB’s Jordan: I’m not sure whether if the terminal rate has been reached
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,...
Fed’s Barkin: There are risks from over and under-correcting on inflation
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,...
BOE’s Pill: There is significant progress on inflation
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,...
WSJ’s Timiraos: It’s obvious, the Fed is on hold
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 10-year yields fall below 4.50% on soft CPI, near the bottom of the range
Yesterday, US 10-year yields touched 4.70% and looked like they were thinking about widening the top of the recent range. Now they're just one basis point away from the range bottom.US 10s are down 15 bps to 4.48%, just above last week's low of 4.473%.US 10s dailyI'll...
The USD tumbles after tame CPI data
The tamer US CPI data has pushed the US dollar lower. Stocks higher, and yields lower.EURUSD: The EURUSD has moved sharply higher trading at 1.0789. The price has moved up to test its 100-day moving average at 1.07901. It's 200-day moving average is about 10 pips...
US October core CPI +4.0% y/y versus +4.1% y/y expected
US CPI m/mCPI y/y +3.2% versus 3.3% expectedPrior y/y 3.7%CPI m/m +0.0% versus +0.1% expected Prior m/m +0.4%Core measures:Core CPI m/m +0.2% versus +0.3% expected. Last month 0.3%Core CPI y/y 4.0% versus 4.1% expected. Last month was 4.1%Shelter +0.3% versus +0.6%...
CPI carries extra weight after the comments from Jefferson
There has been a drought of US economic data for the past week but it will finally be lifted with CPI today and retail sales tomorrow.Earlier today, the Fed's Jefferson was out with some interesting comments today and they suggest the odds of a rate hike in January...
US CPI data to be released at the bottom of the hour
Fed officials have been cautious about the gains in inflation in recent speeches arguing that it remains too high. Today the US CPI data will be released at 8:30 AM. The expectation to show:CPI month-to-month 0.1% versus 0.4% last monthCPI year on year 3.3% versus...
SNB Jordan: Another interest rate move is possible
SNB Jordan is on the wires saying:Another interest rate move is possible if the current monetary policy is not restrictive enough to ensure price stability in the long termThe Swiss National Bank has moved rates from -0.75% to +1.75%. At the September meeting, the...