The preliminary inflation data for Germany showed in February a rise higher than expected. The consumer price index increased 0.7% above the 0.5% expected and lower than the 0.8% of the previous month. The annual rate went from 1% to 1.3%, higher than the market consensus of 1.2%, the highest level in 10 months. The […]
Tag: Inflation
US Dollar Index Holding Firm Around 90.60 After Data
DXY is trading firmly in the 90.60 region. The US core PCE increased 0.3% month-on-month, 1.5% year-on-year in January. US February Final Consumer Confidence The US Dollar Index (DXY), which measures the dollar against a basket of its main rivals, remains the tone of supply unchanged around 90.60 on Friday. The US dollar index meets […]
Industrial Production Price Index rises 2% in January
Commodity price index rises 5.7% in January. Industrial production price index climbs 2%. Wholesale inflation indicators continued to rise in Canada. The commodity price index in January it rose 5.7%, after the 3.5% rise in the previous month. For his part, industrial production price index it rose 2%, after having increased 1.5% in December. The […]
The Eurozone CPI fell to 0.2% in January, meeting forecasts; EUR / USD around 1.2145
The Eurozone Consumer Price Index stood at 0.2% in the monthly reading for January, as expected, one tenth below the 0.3% in December. Annual inflation has risen to 0.9% after being at -0.3% for the previous four months in a row. The Monthly core CPI has fallen to -0.5%, coinciding with the expected and previous […]
Commodities rise on “reflation trade,” dollar down, stimulus news in focus
This is what you need to know to trade today Monday February 22: Markets are on the defensive amid concerns about a rapid return to growth, restoring or even inflating prices, with bond, oil and copper yields on the rise, but with the dollar falling. The UK roadmap to return to normal, the German IFO […]
We must act in accordance with our mandate as long as low inflation persists – François Villeroy
As long as inflation remains at lower levels, there can be no change in monetary policy, said on Friday the member of the Governing Council of the European Central Bank (ECB) and Director of the Bank of France, Francois Villeroy de Galhau, in an interview. Featured statements: “There is no risk in Europe of an […]
The annualized CPI of the surpasses the estimates with 0.7% in January, the GBP / USD remains below 1.39
The UK CPI increased 0.7% year-on-year in January compared to the 0.5% expected. The UK monthly CPI reaches -0.2% in January compared to the -0.4% expected. GBP / USD remains under pressure below 1.3900 following the release of the UK CPI. The 12-month rate of the UK CPI consumer price index was + 0.7% in […]
I don’t see inflation out of control – Patrick Harker
The President of the Philadelphia Fed, Patrick Harker, made a statement in the last hour through CNBC in which he assured that the US economy will be ‘choppy’ until the population is vaccinated. Harker also spoke of his expectations for inflation to rise a bit before saying ‘not to exceed 2.0%’, referring to the fact […]
The US dollar index flirts with lows near 90.30 after the CPI
DXY remains depressed near new lows around 90.30. The core US CPI was flat on a monthly basis in January. Powell will speak later about the US job market. The US Dollar Index (DXY), which measures the dollar against a basket of its G10 peers, maintains the sell bias unchanged in operations close to the […]
US Dollar Index DXY at new lows near 90.30 ahead of US CPI and Powell’s speech
The DXY index remains under pressure and falls to lows near the 90.30 level. The persistent improvement in risk appetite weighs on the dollar. The focus of the markets is expected to be on the US CPI for January. The US dollar index DXY, which measures the strength of the dollar against a basket of […]
