AUD/USD trimmed a significant portion of its intraday gains in reaction to the higher US CPI figure. The US CPI report reaffirmed the Fed’s aggressive rate hike bets and boosted USD demand. A change in risk sentiment also benefited the safe-haven dollar and put pressure on it. The pair AUSD/USD fell more than 60 pips […]
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USD/JPY jumps sharply to 130.80 after US inflation data.
The dollar shoots up and recovers strength after knowing the US CPI for April. The yen falls affected by soaring Treasury bond yields. USD/JPY erases daily losses and stops at resistance at 130.80. The USD/JPY soared after the April inflation data from the United States, which showed higher than expected figures. The pair climbed from […]
EUR/USD trades in the 1.0500 area after US CPI report.
EUR/USD trims early gains and challenges 1.0500 area. ECB spokesmen advocated a rate hike this summer. The US CPI rose more than expected in April. The initial reaction to the US CPI release sent the EUR/USD back into negative territory near the 1.0500 area on Wednesday. EUR/USD looks supported near 1.0500 EUR/USD now alternates gains […]
No progress towards EU deal to ban Russian oil imports – WSJ
There was no progress on Wednesday towards an agreement on an embargo on Russian oil imports. after a meeting of ambassadors from the 27 nations of the European Union, a Wall Street Journal reporter wrote on Twitter. According to the journalist, some are beginning to think that a summit with the 27 leaders will be […]
GBP/USD moderate at 1.2350 zone ahead of US CPI.
GBP/USD is moderate at 1.2350 in the run up to the release of US CPI data. The British pound has been resilient to increased negative Brexit newsflow and forecasts of a UK recession in the second half of 2022. Some say there is already a lot of bad news for the price, but political risk […]
DXY Price Analysis: Sideways Moves Likely to Follow
DXY extends its consolidation at the upper end of the recent range. Immediately to the upside is the 2022 high near 104.20. The US Dollar Index (DXY) is under some selling pressure and falls well below the 104.00 level on Wednesday. After the recent movements, the index could face some consolidation in the very short […]
EUR/JPY Price Analysis: Consolidation Remains
EUR/JPY extends current bearish move around 137.00. Bullish attempts initially target the 138.30 region. EUR/JPY extends weekly decline, falls for the third session in a row and breaks below 137.00 on Wednesday. The cross, meanwhile, remains within the consolidation theme since the beginning of the month. A break of this pattern should leave the weekly […]
S&P 500: Upward Bounce Continues Ahead of US Inflation Data
Wall Street futures rise significantly. Inflation data for April in the US is coming. The dollar loses strength, bond yields fall and oil rises. Volatility remains the norm in stock markets. Equity markets in Europe and Wall Street futures are in the green, extending the rally. The days marked by turbulence continue, which seem to […]
NZD/USD extends recovery from one-year lows and rises near 0.6350 ahead of US CPI.
NZD/USD gains positive traction on Wednesday and breaks a four-day losing streak to a new one-year low. A pullback in US bond yields and risk appetite weigh on the safe-haven USD. Expectations of an aggressive Fed rate hike should support USD losses and cap the pair’s rally ahead of the US CPI report. The pair […]
EUR/USD halts advance at 1.0575, remains sideways ahead of US inflation data.
The dollar falls in the market before US data. Treasury yields fall and Wall Street futures rise. EUR/USD remains in the familiar range of the last few days around 1.0550. EUR/USD recently rose to 1.0575 making a daily high and then returned to the 1.0550 area. The pair continues to move sideways, ahead of important […]
