DAX, DOW and FTSE Sink as CPI Jump Bolsters Fed Hike Bets
Red hot US inflation numbers to embolden Fed Hawks, drags markets lower.
Nasdaq 100 Technical Outlook Deteriorates, Last Chance to Rally
The NDX was looking like it wanted to continue a recovery bounce, but that outlook is in serious jeopardy if it can't hold nearby levels.
USD/CAD: Bank of Canada Hikes by 100 Basis Points
The Bank of Canada raised it's benchmark borrowing rate by 1.00%, taking the policy rate to 2.50%.
Russell 2000 Index – Further Downhill Hiking Expected
It is not over yet for the decline in US Indices and the Russell is no exception. Further downside is expected within the bearish sequence it is unfolding in.
US Inflation Hits 9.1% on Soaring Gas Prices, Sky-High CPI to Embolden Fed Hawks
U.S. inflation accelerated in June on soaring energy costs, clocking in at 9.1% year-on-year, the highest level since November 1981, a sign that the Fed will have to continue raising…
Nasdaq Update: US Tech Weakens Ahead of Big Tech Earnings
The Nasdaq Index failed to rise above a crucial zone of resistance, heading lower as we build up to a rather uncertain earnings season with analysts mixed on the outlook
US Dollar Price Action: How Will Markets React to US CPI?
All eyes on US CPI. White House gears markets for highly elevated inflation print
British Pound (GBP) Forecast: UK GDP Paints Supportive Picture, GBP Bid
GBP/USD pushed higher this morning after a robust UK GDP report showed the UK economy on an unexpectedly acceptable footing.
Swiss Franc Faces Contrasting Fates Against US Dollar and Euro. Where to for CHF?
The Swiss Franc is weakening against the US Dollar but strengthening against the Euro. Will ECB and Fed monetary policy determine EUR/CHF and USD/CHF direction?