EUR/USD hits major resistance ahead of US inflation: European open
With inflation data for Europe and the US in today's European session, we take a look at EUR/USD to identify key levels and a directional bias.
EUR/USD, USD/JPY key levels ahead of US inflation: European open
Once again, the 1-day implied volatility levels for EUR/USD and USD/JPY have blown out ahead of a busy calendar. Central bank members from the Fed, ECB, BOE and SNB will hit the wires, European GDP is also on tap ahead of the key US inflation report.
US Dollar Analysis: USD/JPY Tests 30+ Year Highs Ahead of US CPI
With the decline in the inflation rate seemingly stalling, a higher-than-expected inflation reading is likely to be more impactful to markets.
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S&P 500 hints at swing high following Powell’s hawkish speech: The Week Ahead
Hawkish comments from Jerome Powell with the threat of further hikes snapped Wall Street’s 8-day wining streak, and hints at a swing high on the S&P 500 heading into the weekend. And that puts traders on high alert for next week’s inflation report, not to mention the threat of a government shutdown if the debt ceiling is not raised by Friday.
NZD/USD: Inflation undershoot opens the door to RBNZ rate cuts next year
New Zealand inflationary pressures moderated-more-than expected in the September quarter, taking the wind out of the NZD/USD’s sails following the expected election victory from the National Party-led coalition over the weekend.
Can bondcano stay on the backburner? The Week Ahead
Bondcano, the phrase coined to described the sharp acceleration of bond yields to the detriment of equities, appears to be smouldering as yields have pulled back from their highs. It has certainly provided some relief for sentiment, given the well-based concerns that something was about to break in the financial system. But with the Fed members now striking a relatively dovish tone, it raises the question as to whether bond investors will now step back into the market to capitalise on attractive yields and take the sting out of bondcano’s tail.
EUR/USD tries to snap its record losing streak: The Week Ahead – 06/10/2023
EUR/USD is on track for a record 12th consecutive losing streak. But given its hesitancy to test 1.04 and the potential for a false break of the January low, perhaps we’re finally nearing an inflection point for the battered EUR/USD.
ASX 200 analysis: Like it or not, it’s holding above 7k post CPI
The ASX 200 has continued to show resilience around the key 7,000 support level, despite the surge on bond yields, negative sentiment and rising inflation. What if sentiment improves?
FOMC, BOE, BOJ meetings, CPIs and flash PMIs: The Week Ahead – 15/09/2023
Whilst the Fed are expected to hold rates steady in September, next week’s FOMC meeting also includes the quarterly staff projections. And changes to dot plot or CPI estimates can be as good as a hike where market reactions are concerned. The odds of another BOE are next week are not as high as they were, which makes the preceding inflation report paramount to expectations for their next decision. And whilst the BOJ are unlikely to act, that is no reason to drop your guard given their tendency to surprise once in a while. We also have flash PMIs for major regions and inflation data to mull over.
USD/JPY rises into US CPI, GBP/AUD holds key support: European open
USD/JPY was rising on the back of USD strength earlier in the Asian session, with USD/JPY seemingly trying to close its large weekend opening gap ahead of US CPI data. GBP/AUD has also caught our eye as its 3-wave retracement is trying to form a base around a support cluster.
PCE inflation, NFP and ISM manufacturing in focus: The Week Ahead – 25/08/2023
It's the last trading week of August, and it's fair to say that market conditions were more volatile and eventful than this time of year tends to provide. At the time of writing, we're yet to hear what Fed Chair Jerome Powell has to say, but it could certainly set the tone for next week's trade. And there is no shortage of data to kick off September, including US PCE inflation, GDP, and the ISM manufacturing survey. Final PMIs are also published for the US, UK, Europe, Japan, and Australia. And incoming RBA Governor Bullock speaks, and a host of Australian data includes CPI, retail sales, home loans, and capex.
Key CPI reports for UK and CA, China data and FOMC minutes: The Week Ahead
It may be the middle of the US summer, but economic data keeps coming thick and fast. A defiantly strong set of economic data from the UK piles the pressure on the Bank of England (BOE) to keep tightening, and makes next week's Consumer Price Index (CPI) report as relevant as ever.
WTI crude oil and natural gas fan fears of another round of inflation
Natural gas – a key inflationary input – is teasing markets with a bullish breakout on the eve of a key US inflation report in the US. A day after WTI hit a new YTD high.
AUD/USD falls as soft CPI prompts renewed hopes of an RBA pause
Whilst Aussie employment data raised expectations of another RBA hike, today’s soft CPI figures may get the RBA off the hook from those opposing higher rates. AUD/USD fell accordingly.
GBP/USD and EUR/USD in focus for UK and euro CPI reports
Inflation reports for the UK and eurozone put GBP/USD and EUR/USD firmly onto trader's radars, although options markets suggest the UK report is the more important of the two.
Canadian Dollar Analysis: Did USD/CAD Form a Bottom at 1.31?
A near-term bottom may be in for a USD/CAD rally back toward 1.3300+, depending on Canada’s CPI reading...
Stagflation: meaning, causes and examples
Fears of stagflation in the UK are increasing amid supply bottlenecks, energy shortages and cost of living fears. But what exactly is stagflation? And what could it mean for the economy?
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AUD/USD dragged lower by slower pace of AU inflation
AUD/USD fell to a 3-week low following today’s CPI report, which could see the RBA members sigh in relief as the rate of inflation slows.
US dollar analysis: USD/JPY coiling ahead of CPI, Fed, and BOJ
USD/JPY has spent the last three weeks consolidating in a symmetrical triangle pattern but a breakout may be imminent...
The Week Ahead: S&P 500 bears begin to capitulate on debt-ceiling hopes
We could be off to a quiet start to the week as public holidays in the UK and US will see key trading hubs closed on Monday. But whilst low-liquidity sessions can be quiet, they can also provide uncomfortable levels of volatility should an unexpected catalyst arrive.
Japanese yen analysis: USD/JPY testing key support at 134.00
Despite today’s weakness in the greenback, USD/JPY is still holding above a short-term bullish trend line, as well as its 50- and 200-day EMAs in the 134.00 area
US dollar analysis: How sticky will core CPI be?
The Cleveland Fed’s widely-watched Inflation Nowcast suggests potential upside risk to the release...
NZD/USD, AUD/NZD outlook: NZD pairs track headline inflation lower
New Zealander’s can breathe a sigh of relief that their rate of inflation is finally slowing, with both annual and quarterly CPI coming in much less than expected.