RBNZ Inflation Expectations Survey At A 7 Year High Fails To Boost NZDUSD
Following the suspension of the trans-Tasman travel bubble following the Sydney outbreak in late July, quarantine-free travel is unlikely to resume between Australia and New Zealand in September as previously planned. Higher vaccination rates are needed on both sides of...
UK GDP In-line, GBP/USD Bulls Watching for a Break above 1.3900
The GDP report highlights the stop-and-start nature of the economic recovery in the UK, where the start of Q2 saw strong growth before slowing in June… After yesterday’s highly-anticipated US Consumer Price Index (CPI) report, traders refocused their attention across...
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...
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...
EUR/USD Testing YTD Lows after Woeful German Data, Bears Gunning for 1.16 Next?
Traders are pricing in the potential for an earlier-than-previously-anticipated announcement that the Federal Reserve may start tapering its asset purchases after a run of strong data out of the US It’s been a rough week or two for the world’s...
Pace Of US CPI Inflation To Test Dollar Bulls
While the Fed has distinctly stated that a potential shift in monetary tightening is strictly conditional on whether the US labor market will make significant progress, US CPI inflation figures could still be worth watching on Wednesday at 12:30 GMT....
Equity Indices Are Generally Off Of The Best Levels
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EURUSD – An Uninspiring Breakout
Running out of steam? What a week it’s been for the dollar. Since last week’s poor ADP we’ve had strong ISM data, hawkish Fed commentary and, finally, a knockout jobs report. Suddenly, it feels that a tapering announcement is almost...
Dollar Eases From Post-NFP Highs, Gold Steadies After Crash
Dollar off highs but elevated after strong NFP puts September taper back on the table Gold plunges below $1,700 before rebounding as yields spike, but oil’s rout deepens Stocks undaunted by prospect of earlier Fed tapering as Wall Street sets...