US Dollar Forecast: Drop in Yields Post-CPI Spurs Major Technical Reversals in DXY, USD/JPY Rates
The US Dollar’s post-CPI meltdown is one for the books.
EUR/USD: Euro Accelerated Higher After Weaker than Expected US Inflation Data
The euro rose strongly in the US session on Thursday, after lower than expected inflation […]
S&P 500 Short-term Outlook: SPX500 Threatens Breakout at Monthly High
S&P 500 is poised to mark the largest single-day advance since 2020 with the index […]
GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Oct 27, 2022 when GBP/USD traded near 1.16.
Traders are further net-short than yesterday and last week, and the combination of current sentiment […]
Fed Logan: CPI data were a welcome relief
Dallas Fed President Lorie Logan said “This morning’s CPI data were a welcome relief, but […]
Fed Harker: In the upcoming months, we will slow the pace of our rate hikes
Philadelphia Fed President Patrick Harker said, “In the upcoming months, in light of the cumulative […]
ECB Schnabel: No time for monetary policy to pause
ECB Executive Board member Isabel Schnabel said in a speech, “there is no time for […]
US Consumer Sentiment and Election Follow-up
Two days after the close of the polls in the US, and officially which party […]
Stocks Surge as Inflation Drops
US futures Dow futures +2.35% at 33270 S&P futures +3.6% at 3868 Nasdaq futures +4.2% […]
US: Inflation Surprises to the Downside in October, Fed Likely to Start Slowing Pace of Rate Hikes
Consumer price inflation increased by 0.4% month-on-month (m/m) in October, matching the gain in September. […]
AUD/USD Mid-Day Report
Daily Pivots: (S1) 0.6390; (P) 0.6456; (R1) 0.6497; More… Break of 0.6550 resistance indicate resumption […]
Gold completes double bottom, 1788 next
Gold’s rally accelerates higher today, as reaction to Dollar’s post-CPI sell-off. Break of 179.28 resistance […]