EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
The recent rally in EUR/USD appears to have stalled ahead of the February high (1.2243) as the exchange rate snaps the series of higher highs and lows from last week.
Elon Musk Hints at Tesla DOGE Alliance but Lands Short of the Moon
Elon Musk’s latest Dogecoin tweet spurs volatility amid speculation that Tesla may adopt Dogecoin as another method of payment
US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
The US Dollar is ripping sharply higher in response to red-hot inflation data just crossing market wires. Headline and core CPI came in at 4.2% and 3.0%, which could up…
Canadian Dollar Technical Forecast: USD/CAD Breakdown at a Big Level
USD/CAD is very near the 2017 low; watch price action closely for cues as to whether a recovery can begin or the current trend will continue to extend.
US Dollar (DXY) Forecast – US CPI and UST 10-Year Sale Hold Sway Over the USD
The latest look at US inflation today is followed by a hefty 10-year US Treasury auction, adding fuel to an already volatile session.
FTSE 100 Price Outlook: Fibonacci Level Offers Support as Attention Shifts to US CPI
The FTSE 100 retraces three weeks of steady gains as inflation concerns cause equities to drop
GBP/USD Shrugs at UK GDP, May Drop on US CPI Data
The British Pound may fall against the Dollar having been mostly unimpressed with better-than-expected UK GDP data as the spotlight turns to US inflation figures.
Gold Prices Fall as USD and Yields Creep Higher Before Inflation Data
Gold prices retreated from a three-month high as the US Dollar strengthened alongside the 10-year Treasury yield. Wednesday’s US inflation data will be closely eyed by bullion traders.
Japanese Yen Technical Analysis: Broader Outlook Bearish, USD/JPY Eyes Key Trendline
The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support.
Crude Oil Prices Hold Gains as Stockpiles Fall, OPEC Lifts Demand Outlook
Crude oil prices are supported by falling inventories and demand optimism from OPEC during Wednesday’s APAC trade. The Colonial pipeline outage and US inflation data are in focus.