Category: CPI
-
Dollar slips ahead of CPI release; pound gains after GDP strength By Investing.com
•
Investing.com – The U.S. dollar was lower in early European trade on Thursday ahead of a key inflation report later in the session, while strong growth data boosted the British pound. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
-
Asia FX rises as dollar loses ground before CPI report By Investing.com
•
Most Asian currencies rose on Thursday as the dollar weakened after comments from Federal Reserve Chairman Jerome Powell raised optimism about interest rate cuts, putting upcoming inflation data in focus. Regional currencies regained some ground against the dollar as traders largely stuck to their bets on a Federal Reserve rate…
-
Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?
•
The start of July was not as positive for the Bitcoin and cryptocurrency markets as previously expected due to a number of events that shook the market. For example, the Ethereum ETF did not launch on July 2nd as expected, and the US and German governments reportedly sold large amounts…
-
US stock futures edge lower with Powell testimony, CPI data on tap By Investing.com
•
U.S. stock index futures were slightly lower in overnight trading on Sunday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more cues on interest rates this week. Futures were steady after Wall Street surged to record highs on Friday as weaker-than-expected data…
-
Newsquawk Week Ahead: US CPI, Powell testimony and US earnings
•
Sun: French Election (second round) Mon: CNB Minutes (June), Eurogroup Informal meeting of Competitiveness Ministers; Japanese Overtime Pay (May),German Trade Data (May), EZ Sentix Index (July), BoI Announcement, US Employment Trends Tue: BoJ Bond Meeting 9-10, EIA STEO; Australian Consumer Sentiment, Hungarian CPI (June), Mexican 12-monthInflation (June), Powell Testimony (Senate)…
-
Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
•
Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…
-
Newsquawk Week Ahead: French & UK elections, US ISM & NFP, EZ CPI, FOMC Minutes
•
Sun: French Parliamentary Election Mon: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June) Tue: RBA Minutes (June), Australian & Canadian Manufacturing PMI Final (June), EZ Flash CPI (June), Unemployment Rate (May), US JOLTS…
-
Australia’s Headline CPI Jumped to Six-Month High of 4.0% in May
•
The Australian CPI report for May surprised market expectations, with headline inflation rising from 3.6% to 4.0% y/y in May versus consensus of 3.8%. Components of the report indicated that the gains were driven by increases in housing, transportation, and tobacco prices. Link to Australian CPI report for May 2024…
-
Canada’s CPI Accelerated to 2.9% in May, Lowering Odds for July BOC Cut
•
Canada’s inflation numbers beat market estimates, with headline inflation accelerating from 2.7% year-on-year to 2.9% in May versus consensus for a decline to 2.6%. On a monthly basis, headline CPI rose from 0.5% to 0.6% instead of falling to the estimated 0.3% while core CPI rose from 0.2% to 0.6%.…
-
May CPI much lower than expected
•
Israel’s consumer price index rose 0.2% in May, well below economists’ expectations of between 0.5% and 0.6%. In the 12 months to the end of May, inflation remained unchanged from last month at 2.8%, according to figures released by the Central Bureau of Statistics today. Economists had expected the inflation…
-
May CPI much lower than expected
•
Israel’s consumer price index rose 0.2% in May, well below economists’ expectations of between 0.5% and 0.6%. In the 12 months to the end of May, inflation remained unchanged from last month at 2.8%, according to figures released by the Central Bureau of Statistics today. Economists had expected the inflation…
-
Dollar falls after CPI, Fed meeting; PPI release due By Investing.com
•
Investing.com – The US dollar fell on Thursday, as traders weighed the competing factors of benign US inflation and a more hawkish Federal Reserve. At 04:25 ET (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 104.340, after trading…
-
AUDUSD Technical Analysis – The soft US CPI weighs on the USD
•
Basic overview The US dollar was sold off across the board yesterday after the weak US CPI report. This data has prompted the market to re-price the discounts twice this year. Later in the day, we got a tougher than expected decision from the FOMC as the chart showed that…
-
What now after the US CPI and Fed showdown yesterday?
•
It certainly did not disappoint. It was very similar to poker, where the flop (CPI report) is shown first. Then we moved to the bend (dot charts) and finally the river (McCoy Powell). Overall, it ended up being a push and pull by the time we wrapped things up yesterday.…
-
Forexlive Americas FX news wrap: CPI gives and Powell takes
•
Markets: Gold rose $3 to $2,319 The yield on US 10-year bonds fell by 7 basis points to 4.33%. West Texas Intermediate crude rose 46 cents to $82.39 The Standard & Poor’s 500 index rose 0.8% to a record high The Australian dollar is advancing, and the dollar is lagging…
-
Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
•
Investing.com – The US dollar fell on Wednesday, pulling back after hitting a four-week high overnight before the conclusion of the Federal Reserve’s latest policy meeting. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 104.775,…
-
Traders in Wait-and-See Mode Before US CPI, Fed: Markets Wrap
•
(Bloomberg) — European stock futures rose while Asian shares fell, as the double whammy of an upcoming U.S. inflation report and a Federal Reserve decision kept traders on edge. Most read from Bloomberg Hong Kong’s stock index fell more than 1%, with auto stocks leading the decline ahead of the…
-
Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
•
Investing.com — Most Asian currencies were marginally lower on Wednesday, while the dollar held steady as traders retreated in the face of a barrage of signals on US interest rates from the Federal Reserve and headline inflation data. Sentiment towards Asia was affected by fears of renewed trade tensions between…
-
Asian stocks sink as rate jitters mount ahead of CPI data, Fed By Investing.com
•
Investing.com — Asian stocks mostly fell on Wednesday on anticipation of more signals on inflation and the Federal Reserve, while reports of more US trade scrutiny against China also weighed on sentiment. Regional stocks received a few positive signals from record closing levels in the and , which were mainly…