US Dollar Price Action Setups post-CPI: EUR/USD, GBP/USD, USD/JPY
The US Dollar sold-off after an in-line CPI print, dropping down to a Fibonacci level and trendline for a support test.
S&P 500 Post CPI Rally Muted by Technical Resistance
US CPI data for the month of December fell in-line with expectations in anticipation of bank earnings, providing an initial lift to S&P 500. Can SPX clear 4000 to move…
USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Jan 04, 2023 15:00 GMT when USD/JPY traded near 132.24.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
CPI Breaking News: US Headline CPI 6.5%, Core at 5.7% – In line with Estimates
US inflation continues to ease as the December measures of core and headline inflation print in line with estimates. S&P shoots above 4000, DXY below 103
EURUSD Bullish As Key US Inflation Data Approach
The Euro remains supported against the Dollar by interest rate forecasts as a key clue to that thesis approaches
US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
The US dollar remains under pressure ahead of the latest inflation report with markets pricing in a subdued reading. Will today’s CPI release confirm this optimism?
XAU/USD Forecast: Gold Optimistic About Softening U.S. Inflation
Gold has been benefitted from the recent dollar selloff ahead of key US CPI data. XAU/USD currently tests the key $1880 handle.
Bitcoin Technical Outlook: Still Looking For The Bullish Break
After lackluster trading over the past few weeks, Bitcoin appears to be gaining some traction. However, it would be too soon to conclude that the tide has changed for cryptocurrencies.…
USD/CNH Technical Outlook: Trend Remains Down
Accelerating downward momentum raises the likelihood of a further fall in USD/CNH. However, deeply oversold conditions point to a short-term pause before the resumption of the downtrend. What are the…
Swiss Franc Tanks Against Euro and the US Dollar. Where to for EUR/CHF and USD/CHF?
The Swiss Franc made a new low against the Euro today while it retreated back into the range against the US Dollar. Is bearish momentum building for the Suisse?