This is what you need to know to trade today Wednesday 12 May: Markets are in “risk aversion” mode, as concerns about the Israeli / Palestinian escalation, fuel supplies in the northeastern United States, and rising rates amid rising inflation have come ahead of US CPI data. The focus is also on the speeches of […]
Tag: Inflation
Forex Today – Asian Session: US inflation takes center stage
What you need to know on Wednesday, May 12: Tensions escalated as attention shifted to US inflation data Rising commodity prices sent the Chinese producer price index sharply higher in April, raising concerns about rising commodity prices. inflationary pressures in the US The US Federal Reserve has maintained a very flexible monetary policy and clarified […]
The ECB will not adjust monetary policy with the peak of inflation this year
Tuesday morning in Asia, Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB), joined the chorus of global central bankers who defy fears of a reflation. The ECB official initially highlighted the expectations that the German inflation could “exceed 3% this year”, before declaring, “but the European Central Bank considers that […]
Annual inflation rises 0.9% in April, its biggest increase in seven months
The China’s consumer price index stood at -0.3% in April’s monthly reading, worsening the -0.2% expected. This is the second consecutive month in negative after marking -0.5% in March. Year-on-year inflation grew 0.9%, surpassing the previous 0.4% and being one tenth below the estimated 1%. This is the second month in a row with the […]
Forex Today – Asian Session: Dollar Corrects, But Still Weakest
What you need to know on Tuesday, May 11: The dollar began the week by extending its slide amid the poor US employment report released on Friday, but managed to regain some ground during US business hours. A slim macroeconomic calendar kept major companies within Limited intraday ranges as investors expect US employment figures to […]
One-year average inflation expectations rise to 3.4% from 3.2%
The latest Consumer Expectations Survey from the Federal Reserve Bank of New York revealed on Monday that average inflation expectations over the one-year horizon rose to 3.4% from 3.2%, as reported Reuters. Featured statements “Three-year average inflation expectations were unchanged at 3.1%.” “Median annual expectations for home prices and rental price growth rose to new […]
US: Retail sales likely fell modestly in April
In a preview of next week’s key macroeconomic data releases from the United States, “Retail sales likely fell modestly in April after a 9.7% month-on-month increase driven by stimulus payments in March,” analysts at TD Securities. Featured statements “Our forecast implies a strong start to the second quarter relative to the first quarter average, consistent […]
Williams says inflation is expected to rise above 2% this year, but it will likely be temporary
Inflation is likely to see a temporary rise above 2% this yearNew York Fed Chairman John Williams said in an interview with the Wall Street Journal (WSJ). Additional comments: “Fed bond buying is an important part of monetary policy“. “It is designed to help the economy recover from the impact of the pandemic.” “No signs […]
Dollar bounces off data-packed end of April, Eurozone GDP and US inflation in focus
This is what you need to know to trade today Friday, April 30: Markets are somewhat lagging after another record day on Thursday, while the dollar remains stable after optimistic US GDP and awaiting other important data. Cryptocurrencies have rebounded from lows, metals are strong while gold and oil are moving away from highs. End […]
Annual inflation rises to 2% in April, above the 1.9% expected
The inflation in Germany, measured by Consumer’s price index (IPC), rose 0.7% in April, according to preliminary data. The data was above the consensus that was for a rise of 0.5%. Compared to a year ago, the increase was 2%, higher than the 1.9% expected. More details in the publication revealed that the Harmonized Index […]
