EUR/JPY: Drop Below M L3 Pivot Signals Bearish Continuation Move
EUR/JPY Technical Analysis Bearish momentum. We can see the stronger bearish pressure. Yen is getting stronger. The drop below M L3 signals continuation. Low point. Order block. Swing low. Swing high. Gravestone Doji variant 2. The price is bearish. The...
Inflation In The United States Reached A Record Over The Past 30 Years
The US consumer price index increased by 0.9% to 6.2% (previous 5.4%) in annual terms, it’s well above analysts’ forecasts. And this has been the highest rate of inflation since 1990. With such a sharp rise in inflation, investors began...
XAU/USD Outlook: Gold Is Set For Further Advance But Possibility
Spot gold extends advance into the sixth straight day on Thursday and pressuring new 5-month high ($1868), posted on Wednesday when metal’s price spiked after higher than expected us inflation data in October. Rising consumer prices boost demand for gold...
Aussie Tumbles after Job Data, Dollar Extending Rally
Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand,...
Major Wall Street firm has one of its largest equity overweights ever – and is looking to buy even more stocks
A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop...
Consumer prices jumped in October, but one indicator says inflation might be peaking
Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images The rate of consumer price increases jumped to a three-decade high in October as supply...
Fuel, housing costs boosted October’s inflation. Here’s what it means for the Fed’s stance on interest rates
A gas pump at an Arco gas station in San Diego, California. Mike Blake | Reuters October’s surge in consumer prices was driven by some factors that may linger. Market pros say the Federal Reserve may be forced to move...
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday. The consumer price index, which is a...
The first Fed rate hike is now expected as early as July following the hot CPI data
Traders on the floor of the NYSE Source: NYSE Traders in the futures markets moved up their expectations for the first Federal Reserve interest rate hike to July from September, following a hotter than expected inflation report. “It’s a very...
New Zealand Dollar Dips to 71
The New Zealand dollar has extended its losses for a second successive day. NZD/USD is currently trading at 0.7109, down 0.31% on the day. New Zealand business confidence slides The news was grim from the New Zealand Business Confidence index,...
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