Dollar Recovering Mildly after Selloff, Aussie and Kiwi Strong
After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc...
The easing of inflation pressures is giving the economy some breathing room, for now
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to U.S. economic growth, then July’s data...
Stocks making the biggest moves midday: Coinbase, Roblox, Wendy’s and more
These are the stocks posting the largest moves in midday trading. Signal2frex feedbacks
US CPI Recap: A Turning Point in the Inflation Debate?
If the “peak inflation” theme gathers steam in the coming weeks, we may look back at today’s inflation reading as a major turning point for the year-to-date market trends. In Monday’s CPI preview report, we noted that traders and economists...
US CPI Release Will Determine Dollar’s Trend
It is definitely inflation day today. China, Germany, and Italy have released their consumer inflation data, while the US will release theirs before the New York session begins. Historically, inflation data has rarely deviated from expectations without triggering a market...
USDJPY Resumes Rebound but 50-day SMA Caps Advance
USDJPY has been gaining some ground in the short-term after its latest decline came to a halt at the 130.40 region. However, the recent price recovery has been repeatedly held down by the ascending 50-day simple moving average (SMA). The momentum...
Risk Assets or USD?
What will happen? This week several important macroeconomic reports will be presented. On Wednesday, the Bureau of Labor Statistics will publish the consumer price index (CPI), which accounts for most of the overall inflation. Moreover, on Thursday, the markets will...
Sterling Rides Wave of Risk Sentiment Ahead of GDP Report
In the United Kingdom, preliminary GDP growth data for the second quarter will hit the markets at 06:00 GMT Friday. The British pound has suffered heavy damage this year, falling behind even the war-ravaged euro despite a series of rate...
NZDJPY Wave Analysis
NZDJPY broke resistance level 84.70 Likely to rise to resistance level 86.40 NZDJPY today broke the resistance level 84.70 (top of the earlier Shooting Star from the start of this month) intersecting with the 681% Fibonacci correction of the downward...
Technical Tuesday: Silver, Nasdaq and EUR/USD
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s edition, we are getting technical on silver and the gold-silver ratio; Nasdaq...