The Inflation Slowdown In The US Has Eased Investors’ Fears About The Fed’s Reduction Of The QE Program
According to the US Labor Department, the consumer price index (CPI) decreased from 0.9% to 0.5%. The core CPI, which does not include food and fuel prices, fell from 0.9% to 0.3%. On a year-on-year basis, the inflation remained at...
EURUSD Is Possibly Bullish
Technical analysis The RSI is above line 50, indicating that an uptrend may prevail The Ichimoku indicator displays a bullish sentiment The Stochastic suggests a possible upward correction. What the possible outcomes are In our most likely scenario, the EURUSD...
XAU/USD Breached 100- Hour SMA
The yellow metal’s price edged higher by 267 pips or 1.55% on Wednesday. The surge was stopped by the 100– hour simple moving average during yesterday’s trading session. All things being equal, the commodity could continue to edge higher in...
Dollar Retreats as EUR/USD Tests 1.7 Support
The forex markets are generally trading in very tight range in Asian session. While DOW surged to new record high overnight, Asian indexes are just mixed. Dollar started a pull back but there is no clear follow through selling so...
China’s tech giants generate billions for investors — but small businesses are being squeezed
Delivery workers wait for the light to turn green at a major intersection in Beijing on July 30, 2021. Evelyn Cheng | CNBC BEIJING — Investors in Chinese companies were caught off guard this summer by Beijing’s actions against homegrown...
July consumer prices jump 5.4%, but core inflation rises less than expected
Prices that Americans pay for everyday goods and services rose in July as pent-up demand for travel and restaurants kept inflation hot, but jumped about as much as economists had expected. The Labor Department reported Wednesday that its consumer price...
Fed should announce bond taper in September, begin it in October, says Dallas Fed President Kaplan
Dallas Federal Reserve President Robert Kaplan said Wednesday that the central bank should begin to taper its monthly purchases of Treasury bonds and mortgage-backed securities in October. His view that the central bank ought to begin cutting back in two...
Will ‘King Dollar’ Reclaim its Throne as the Fed Tapers?
One by one, Fed officials are getting behind the idea that their asset purchases should be dialed back soon. Whether this is announced in September or November doesn’t matter much. What matters is that the Fed is years ahead of...
US CPI Recap: Have Hopes of a Jackson Hole Taper Announcement Been Dashed?
Some traders were still holding out hopes that another scorching inflation print could spook the Fed into announcing its taper plan at Jackson Hole; with today’s data merely meeting expectations, those hopes may now be dashed. With Federal Reserve members...
Dollar Paring Gains after CPI Release, Commodity Currencies Jump with Stock Futures
Dollar drops notably in early US session after consumer inflation data. Headline CPI was steady while core CPI slowed a little. At least, inflation hasn’t been worsening from Fed’s “transitory rhetoric”. US stock futures also jump, probably on reduced concerns...
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