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USD/JPY at key resistance ahead of US CPI

December 12, 2018 8:14 AM
As far as the US CPI is concerned, this will be the last piece of major news before the Federal Reserve’s rate decision next week. So, unless it shows a surprisingly strong or surprisingly weak reading, it is unlikely to have any meaningful impact on the decision of the FOMC when it comes to monetary policy.

Dollar Index Head-and-Shoulders Pattern in Play After Weak Inflation Data

September 13, 2018 2:19 PM
With three central bank meetings on the schedule today (see my colleague Fawad Razaqzada’s reports from earlier today for previews and recaps of the BOE, ECB, and CBRT meetings) , FX traders have been understandably focused away from the world’s reserve currency. However, dollar bulls who were keyed in on this week’s inflation data were no doubt dis...

USD/CAD Tanks After CA Inflation Surprise, Will Bears Target < 1.30 Next?

August 17, 2018 9:07 AM
With price pressures still running at a subdued level throughout the developed world, hotter-than-expected inflation readings have been hard to come by of late. Perhaps today’s Canadian inflation data marks a turning point for that trend.