US Dollar tumbles after CPI data, trims losses after Wall Street opening bell. Inflation confirms slowdown in the US, Fed’s Harker expects 25 bps hikes now. GBP/USD reveres sharply, drops below 1.2100. On a volatile session for FX, the US Dollar has … [Continue reading]
US CPI: Significant upside surprise to provide more support for the USD – MUFG
Will US Consumer Price Index (CPI) report disrupt USD weakening trend? A significant upside surprise is needed to support the greenback, according to economists at MUFG Bank. Fed expected to further step down the pace of hikes to 25 bps at the next … [Continue reading]
USD/JPY Outlook: Seems vulnerable amid possibility of further BoJ policy tweak; US CPI awaited
USD/JPY slides back closer to the weekly low and is pressured by a combination of factors. The BoJ review news boosts the JPY and exerts some pressure amid a modest USD downtick. Bets for smaller Fed rate hikes continue to weigh on the buck ahead of … [Continue reading]
NZD/USD whipsaws around 0.6370 despite firmer China CPI, focus on US inflation
NZD/USD struggles for clear directions after two-day downtrend. China CPI matches upbeat expectations, PPI drops below forecasts in December. New Zealand Building Permits rallied in November and favored bulls ahead of key data. Hopes of softer US … [Continue reading]
Dogecoin Price Prediction: DOGE faces resistance as bears seek to reverse the trend
Dogecoin price has risen by 10% since January 1. DOGE nears strong resistance as bulls are at the midway point of the previous trading range. Invalidation of the bearish thesis could occur from daily settle above $0.083. Dogecoin price is expected … [Continue reading]
Silver Price Analysis: XAG/USD rejected from $24.00, looks at $23.00
XAG/USD is under pressure after breaking short-term support levels during the American session. The metal is under pressure, approaching the $23.00 level. US Dollar mixed as equity prices rises modestly. Silver is under pressure during Wednesday’s … [Continue reading]
US CPI: USD rallies should be sold into unless Core measure surprises to the upside – TDS
Economists at TD Securities analyze how tomorrow's all important US Consumer Price Index (CPI) print could impact the Dollar and the USD/JPY and EUR/USD pairs. The bar is high to compel a reversal of fortune “The market has moved back to fading Fed … [Continue reading]
Natural Gas Futures: Extra losses appear favoured in the short term
CME Group’s flash data for natural gas futures markets showed another daily build in open interest on Tuesday, now by around 16.6K contracts. On the other direction, volume shrank by nearly 60K contracts, extending the ongoing choppiness. Natural … [Continue reading]
USD/CNH Price Analysis: At make or a break below 6.80 ahead of US/China Inflation
Investors are awaiting US/China inflation data for fresh cues. The absence of follow-up buying after a Double Bottom formation indicates a lack of strength in the US Dollar. Declining 50-EMA adds to the downside filters. The USD/CNH pair is … [Continue reading]
Japan’s Saito: Interest rates remain low but current situation won’t last indefinitely
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]