Consumer prices post smaller-than-expected increase in August
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as...
AUD/USD Elliott Wave analysis: Support Near 0.7290 Area
Aussie, AUDUSD has turned higher at the end of August, with a sharp and strong retracement back above former wave four, so it appears that we have a bottom in place. However, nothing moves in straight line so current retracement...
Dollar Declines on Slowing Inflation, Sterling Upside Breakout
Dollar drops broadly after data shows declining headline consumer inflation in the US, and even quicker fall in core CPI. It’s adding to the Fed’s case that prior surge in inflation was just transitory. DOW futures responde rather positively to...
Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
A customer wearing a protective mask shops inside an Albertsons grocery store in San Diego, California, June 22, 2020. Bing Guan | Bloomberg | Getty Images Tuesday’s report of the consumer price index could set the tone for markets ahead...
GBP/AUD Sets For Breakout
The British Pound has edged higher by 1.53% against the Australian Dollar since September 5. The currency pair breached the 50– period simple moving average on September 9. The exchange rate is currently trading near the upper boundary of a...
Volatility Remains Muted
Financial markets remained eerily muted overnight, trading mostly sideways and leaving me asking myself, “Is September the new May?” A lack of tier-1 data is partially to blame as the street remains in limbo, torn over uncertainty about the Fed...
Euro Strengthening Mildly While Dollar Awaits CPI
Overall market sentiment is mildly positive with the strong rebound in DOW overnight, followed by slight gain in Nikkei. European majors are having a small edge over the others but Swiss Franc is still clearly lagging behind. Australia Dollar is...
Elliott Wave View: EURJPY Rally Expected To Fail
Short-term Elliott wave view in EURJPY suggests rally to 130.75 ended wave (B). Pair has turned lower in wave (C) but it still needs to break the previous wave (A) low at 127.9 on August 19 to rule out a...
Stock futures inch higher after Dow, S&P snap 5-day losing streak
U.S. stock index futures were modestly higher during overnight trading on Monday, after the S&P 500 finished in the green, snapping a five-day losing streak. Futures contracts tied to the Dow Jones Industrial Average rose 75 points. S&P 500 futures...
Bullish Dataset Awaited to Bolster Pound ahead of BoE
Sterling remains the king among major currencies year-to-date thanks to its immediate vaccination landmark at the start of the year, but despite its latest rebound, buying pressures have been inadequate to drive it above the 1.3900 – 1.4000 resistance territory...
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