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...
The EUR is the strongest and the CAD is the weakest as the North American session begins
The EUR is the strongest and the CAD is the weakestThe EUR is the strongest and the CAD is the weakest as the North American session begins. The USD mixed with gains vs the CAD, AUD, NZD and CHF, and declines or is the EUR, GBP. The USDJPY is unchanged. The low to...
German chancellor Scholz backs ECB actions on tackling 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,...
ForexLive European FX news wrap: Markets stay on edge as US CPI data looms
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,...
Are Prop Firms Good for Beginners?
Proprietary trading firms have become increasingly popular over the last few years, with retail traders all looking to increase their trading capital and become funded traders. This begs the question, are prop firms good for beginners? The short answer is yes, prop...
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US October NFIB small business optimism index 90.7 vs 90.8 prior
Prior 90.8This marks the 22nd straight month that the index sits below its 50-year average of 98. As such, it reaffirms that small business sentiment is still struggling somewhat and that most of the growth in the US economy is powered by the strong consumer again. Of...
Fed’s Jefferson: Uncertainty on inflation persistence may warrant stronger policy response
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,...
Kishida set for high stakes meeting in shaping Japan’s next monetary policy steps
This will be a much anticipated meeting as Kishida had previously touted for big wage hikes next year that will exceed what we have seen this year. Considering what is at stake, this is something worth keeping an eye out for as it tees up the upcoming spring wage...