US Inflation at 8.2%, Dollar and S&P 500 on Diverging Paths on Hot CPI
September headline inflation eased to 8.2% from 8.3%, but core CPI accelerated to 6.6%, topping the cycle’s high in March and reaching the highest level since 1982.
EUR/USD Outlook: EURUSD Consolidates Ahead of US CPI, German Inflation
German inflation printed in line but the lead up to the US CPI will be followed closely given last month’s sharp reversal after inflation proved stubborn. EUR/USD setup
Crude Oil Edges Higher But Remains Pressured By Demand Weakness
Brent Crude steadied after recent falls but worries over end-user demand seem to be outweighing the supportive effects of production cuts.
GBP/USD Outlook: GBP Snaps Five-Day Losing Streak Against the Greenback, UK Policy Uncertainty Remains
Sterling’s recent rally against the greenback may prove short lived with US CPI and continued policy uncertainty to potentially cap any further gains.
Gold Price Struggles to Hold Support as US Inflations Data Looms
Gold is sitting on a prior level of support ahead of this week's main data release, US CPI. Any deviation from expectations will trigger the next move in the precious…
STI Index and Nikkei 225 Technical Outlook: At A Critical Juncture
The Singapore Straits Times Index and Japan’s Nikkei 225 index are risking a break below crucial support levels. What is the outlook and the key levels to watch?
Japanese Yen Wilts as Inflation Woes Grips Markets Ahead of US CPI Today
The Japanese Yen continued its slide against the US Dollar ahead of a highly anticipated US CPI number today that could provide clues on further Fed action. How high can…
AUD/USD, EUR/AUD, GBP/AUD Technical Outlook: A Minor Upturn in AUD?
The Australian dollar's weakness is looking a bit stretched against the US Dollar, the British Pound and the Euro. What is the short-term outlook and what are the key levels…
Dollar and S&P 500 Wind Up Despite Financial Warnings but CPI Ahead
Despite the warning from the IMF that the worst is still ahead for economic and financial risks, the S&P 500 and US Dollar have worked their way into remarkably tight…
EUR/USD Reverses Ahead of 50-Day SMA to Snap Monthly Opening Range
Failure to defend the opening range for October may lead to a further decline in EUR/USD as it appears to be tracking the negative slope in the 50-Day SMA (0.9965).