GBP / USD makes a modest rebound from weekly lows hit early Wednesday. Warmer-than-expected UK CPI figures continue to support the positive intraday move. A modest rally in US bond yields supports the dollar and limits the pair’s gains. The pair GBP / USD maintains its daily gains around the 1.3820-25 region after the release […]
Tag: IPC
EUR / USD bulls defend 1.18 level
EUR / USD maintains the 1.1800 level at the closing bell. The August CPI had the smallest rise since February. The EUR/USD it is trading at 1.1800 at the close of Wall Street and remains lateralized on the day within a range of 45 pips between 1.1800 and 1.1845. The dollar fell against major currencies […]
GBP / USD jumps to six-week highs above 1.3900 amid post-US CPI USD weakness.
GBP / USD gained strong positive traction on Tuesday amid a renewed USD sell bias. The USD weakened further following softer-than-expected US CPI figures. The headline CPI slowed to 0.1% in August; The underlying CPI also disappointed expectations. The USD weakened across the board in reaction to the softer US CPI report and pushed the […]
USD / CAD falls towards the 1.2600 level in reaction to the weaker than expected US CPI report
A combination of factors dragged USD / CAD lower for the second day in a row. Rising oil prices sustained the Canadian dollar and acted as a headwind for the pair. A softer US CPI report weighed on the USD and contributed to intraday selling. The pair USD / CAD saw some selling during the […]
AUD / USD bounces away from two-week lows after US CPI, still bearish near 0.7350
A modest USD weakness helped AUD / USD make a modest bounce from the two-week lows. Softer-than-expected US consumer inflation figures put additional pressure on the USD. Rising US bond yields helped limit the USD’s deeper losses and put a cap on the pair’s upside. The pair AUD/USD managed to recoup a significant portion of […]
It remains in the range near 110.00 in the US CPI preview.
-637672121999563646.png "It remains in the range near 110.00 in the US CPI preview.")
A combination of factors pushed the USD / JPY higher for the third day in a row. The formation of a rectangle points to indecision about the short-term direction. Investors now look at the inflation figures for American consumers. The USD / JPY maintained its intraday gains during the first half of the European session […]
USD / CAD consolidates in a range around 1.2650 before the US CPI.
A combination of factors cannot help the USD / CAD gain any significant traction. Rising oil prices support the CAD and act as a tailwind for the pair. A modest pullback in the USD is also helping to limit gains ahead of the US CPI report. The pair USD / CAD struggles to capitalize on […]
AUD / USD falls to 2-week lows, looks vulnerable to extend slide
AUD / USD is under renewed selling pressure Tuesday following comments from RBA Governor Lowe. Nervousness around Covid-19 and falling iron ore prices put additional downward pressure on the AUD. The bulls do not seem impressed by a subdued action around the USD, while the focus remains on the US CPI report. The pair AUD/USD […]
USD / JPY returns initial gains, remains stable around the 110.00 level
USD / JPY gained positive traction for the third day in a row on Tuesday. Risk appetite weighs on the safe-haven JPY and provides a modest gain to the pair. A subdued action around the USD could limit gains ahead of the US CPI report. The pair USD/JPY It has moved higher during the Asian […]
Core CPI in August rose at its slowest pace since February ━ TD Securities
When previewing the key data for the United States next week, TD Securities analysts They said that food and energy prices probably rose again quite strongly in August, but added that the core CPI probably rose at its slowest pace since February. Featured statements “Rents were back up solidly, but used car prices, which have […]
