The DXY index appears under pressure around 95.50 during the European session on Wednesday. 10-year US Treasury yields remain capped by the 1.80% area. US inflation figures measured by the CPI stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Tag: IPC
AUD / USD struggles to find direction, stuck in a range around 0.7150 ahead of US CPI
AUD / USD is moving within a tight range during the early part of the European session on Friday. Optimistic expectations from the Fed and a rise in US bond yields benefit the USD and limit the pair’s rise. Investors, however, appear reluctant to open aggressive positions ahead of the key US CPI report. The […]
NZD / USD weakens below 0.6800, focus remains on US CPI
A combination of factors does not help the NZD / USD to capitalize on its modest initial rally. Cautious market sentiment limits the perceived riskier NZD amid moderate USD demand. Optimistic expectations from the Fed act as a tailwind for the USD ahead of the key US CPI report. The pair NZD / USD has […]
AUD / USD retraces from two-week highs and dips below 0.7150 level
AUD / USD is back from a nearly two-week high touched early Thursday. A softer risk tone pushes cash flows away from the perceived riskier AUD amid a renewed buy around the USD. The Fed’s optimistic expectations also act as a tailwind for the USD ahead of the release of the US CPI on Friday. […]
GBP / USD declines for the fourth day in a row, around 1.3235
-637741598184291593.png "GBP / USD declines for the fourth day in a row, around 1.3235")
The British pound is down for the fourth time this week, it appears to close below 1.3300. A subdued market sentiment hurts the outlook for the British pound as investors seek safe haven assets. GBP / USD: On the 4-hour chart, the 50 SMA has acted as resistance and the rallies towards the moving average […]
EUR / GBP at two-week highs above 0.8500 after Eurozone CPI
EUR / GBP picked up pace on Tuesday and rose above 0.8500, to a two-week high. The weaker dollar, the warmer than expected Eurozone CPI benefited the common currency. The EUR / GBP maintained its tone of demand after having exceeded 0.8500, and after the preliminary inflation data for the Eurozone, which showed figures above […]
USD / CAD jumps to 1.2600 zone, new weekly highs
USD / CAD gained positive traction for the second day in a row on Wednesday. Weaker oil prices undercut the loonie and acted as a tailwind for the pair. The underlying bullish tone of the USD continued to support the intraday bullish move. Mixed data from the Canadian CPI / US housing market did little […]
USD / CAD remains in a range around 1.2550 before Canadian CPI
The USD / CAD oscillates within a range during the European session on Wednesday. A bullish USD and weaker oil prices continue to support the pair and help limit the decline. Investors await the key release Wednesday of the Canadian CPI report for further momentum. The pair USD / CAD lacks a strong directional bias […]
Final CPI is revised up to 0.8% month-on-month in October
Inflation in the euro area reached 4.1% year-on-year in October. The monthly CPI in the block rises to 0.8% in October. According to Eurostat’s final reading of the eurozone CPI report for October, consumer prices stood at 4.1% year-on-year, in line with the initial estimate of 4.1% and the expected 4.1%. While underlying figures increased […]
USD / JPY points to the important resistance at the 115.00 level
USD / JPY investors will look for a boost from Japan’s national CPI data on Thursday. The US dollar remains bullish, economic data released on Tuesday beat expectations. USD / JPY strengthens on a positive outlook, pointing towards higher resistance at 115.00. The pair USD / JPY is consolidating just below the 115.00 level, at […]