EUR/JPY Capped By Key Resistance
The euro weakened after the ECB maintained its accommodative monetary stance. The pair has so far kept its bullish bias following a rally above April 2018’s high at 133.48. The price action has bounced off 132.90, the base of a...
USD/CHF Fails To Bounce Back
The US dollar surged after May’s core CPI rose by 3.8% yoy. The pair remained under pressure after it broke below the lower band of the consolidation range at 0.8930. An oversold RSI has led to a brief whipsaw, which has turned...
BTCUSD Watching $36,300
Bitcoin is still slightly bullish in the short-term, despite the fact that a strong reversal took place from above the $38,000 level on Thursday. Sustained gains above the $36,300 level would suggest that the BTCUSD pair is headed back towards...
Swiss Franc Firm as Focus Turns to Sterling
Swiss Franc is generally firm as weekend approaches. Even though there was no follow through buying in Euro after ECB overnight, the common currency is somewhat support mildly by the strength in the Franc. Meanwhile, Yen’s selloff faded quickly, together...
Stock futures flat after S&P 500 hits new high, despite rising inflation
Traders at the New York Stock Exchange, June 2, 2021. Source: NYSE U.S. stock futures were flat Thursday night after the S&P 500 hit a new high during regular trading, despite hotter-than-expected inflation data. Futures tied to the Dow Jones...
Household net worth climbs to $136.9 trillion, thanks to big stock market gains
U.S. dollars are counted by a at a bank in Westminster, Colorado. Rick Wilking | Reuters The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade. Thanks...
Hot US Inflation Data Injects Some Life into Markets
Investors who have been craving for some volatility this afternoon had their wishes fulfilled following the May inflation report that showed prices rising in the United States at their fastest rate since 2008. The consumer price index (CPI) jumped to...
ECB Upgrades GDP Growth and Inflation Forecasts, Refrains from Talking about Taper
The ECB meeting contains little surprise. On economic developments, despite the notion that recent rise in inflation has been driven by temporary factors, the staff upgraded headline inflation projections sharply for this year and 2022. All monetary policy measures stay...
Consumer prices jump 5% in May, fastest pace since the summer of 2008
Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, groceries,...
Muted Reactions to ECB and US CPI, Yen Lower Following Yield Rebound
There are heavy weights event for Euro and Dollar today, but reactions are so far mild. ECB said it will continue the PEPP purchases at “significantly higher” pace in Q3. Yet, it also upgraded both growth in and inflation forecast...
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