- The expected US inflation data is coming, which will generate volatility.
- Wall Street futures flat, after shares rose on Wednesday.
- The dollar remains weak, while the yen rises strongly.
- Commodities and cryptocurrencies continue on an upward course.
Markets in Asia and Europe joined Wall Street’s gains on Wednesday, where activity is awaiting US inflation numbers for December. Commodities continue to advance, the dollar remains under pressure and oil is gaining momentum.
Everyone looking at the same thing, watch out for surprises
Stock markets in Asia closed with gains, and in Europe they are advancing, catching up with what was left by the Wall Street session on Wednesday. In London the FTSE 100 rises 0.78%, in Paris the CAC 40 rises 0.95% and in Frankfurt the DAX gains 0.88%. The S&P after rising 1.28% yesterday, operates with a marginal rise of 0.03% in the previous. Dow Jones and Nasdaq futures swing between gains and losses.
In the preview, Testa falls 0.89%, Netflix rises 1.30% and Disney advances 1.12%. The actions of B.Ed bath and beyond They are still on the roller coaster and are up around 20% in the premarket. Among other companies, RF Industries and Fast Retailing will present results on Thursday.
The market is in stand-by mode waiting for the key US inflation data, which will shape the Federal Reserve’s monetary policy expectations and therefore it is estimated that they will have a broad impact. The market consensus is that the Consumer Price Index (CPI) in December has been maintained and that the annual rate falls from 7.1% to 6.5%. The core CPI is expected to rise 0.3% on the month, with the annual rate declining from 6.0% to 5.7%.
The inflation data will help the market make new bets on the Fed’s next move, for the February meeting and also for the future. In addition, the weekly report on unemployment benefit requests will be published. Patrick Harker, James Bullard and Thomas Barkin, Fed officials will speak publicly on Wednesday. President Joe Biden will speak on inflation and the economy at 15:00 GMT. In the afternoon of the American session, the fiscal result for December will be known.
In China it was learned that inflation in December showed a rise in the annual rate from 1.6% to 1.8%, in line with expectations. Peru’s central bank is expected to raise the benchmark rate by 25 basis points to 7.75%.
In the foreign exchange market, the yen is one of the currencies with the best performance, boosted after a report by the Japanese media Yomiuri that indicated that the Bank of Japan will review the secondary effects of its ultra-expansionary policy. USD/JPY is below 131.00, further weakened by the dollar, which is under pressure at its lowest in months at most in the market.
The greenback is under pressure on expectations that the Fed will ease the pace of monetary tightening, which has been spurring demand for Treasuries. Lower yields have been another bearish factor for USD/JPY.
The euro remains among the strongest for these sessions, supported by comments from European Central Bank officials pointing to more interest rate hikes. EUR/USD is trading above 1.0750 and EUR/GBP at 0.8850, after moving closer to 0.8900 on Wednesday.
GBP/USD is moving sideways around 1.2160. The bank of england he sold the bonds he had bought under the emergency program months before.
The emerging currencies They continue with a bullish outlook against the dollar. The USD/MXN it fell below 19.00 for the first time in over two years. The flip side is the Egyptian pound which remains under pressure: the USD/EGP goes up 10% in a week.
The prices of Petroleum they go up again. The WTI barrel climbs more than 1% and trades above $78.00, at maximums in a week. Metals are also moving higher, with gold testing monthly highs above $1885 and silver a bit of a lag at $23.75, after falling as low as $23.20 on Wednesday.
The cryptocurrencies accelerated the recovery in the last hours. On Wednesday a disgraced lawyer for the exchange FTX He stated that they have located more than 5,000 million, but that the magnitude of the customer losses is unknown at the moment. Bitcoin is up more than 3% and reached $18,300, after its highest close in two months on Wednesday. Ethereum climbs 4% and is in the $1,400 area.
technical levels
SP500
Overview | |
---|---|
Today’s last price | 3968.35 |
Today Daily Change | 1.20 |
Today Daily Change % | 0.03 |
Today daily open | 3967.15 |
trends | |
---|---|
Daily SMA20 | 3853.84 |
Daily SMA50 | 3913.06 |
Daily SMA100 | 3865.91 |
Daily SMA200 | 3963.07 |
levels | |
---|---|
Previous Daily High | 3968.26 |
Previous Daily Low | 3911.85 |
Previous Weekly High | 3905.45 |
Previous Weekly Low | 3792.65 |
Previous Monthly High | 4116.92 |
Previous Monthly Low | 3761.43 |
Daily Fibonacci 38.2% | 3946.71 |
Daily Fibonacci 61.8% | 3933.4 |
Daily Pivot Point S1 | 3929.91 |
Daily Pivot Point S2 | 3892.68 |
Daily Pivot Point S3 | 3873.5 |
Daily Pivot Point R1 | 3986.32 |
Daily Pivot Point R2 | 4005.5 |
Daily Pivot Point R3 | 4042.73 |
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.