An emblem featuring a white background can be found on the website of Live Markets. Major currencies are not moving much in Europe during trading. This is due to investors being cautious ahead of the US CPI data release later today. However, the yen is an exception to this trend.
The US CPI data is what everyone is waiting for today, but this is a market that would much prefer a softer number. EUR/USD and AUD/USD are staying cautious as they approach the 0.7000 mark, while the S&P 500 has steadily climbed up to be within range of its 200-day.
A look at the technical aspects: Friday’s Asian market session saw the US dollar index slip through the 102.63 low, testing the previous swing low of 102.57. Despite this, the bulls still remain in control of the above price support, implying a potential quick bullish recovery in the near future..
The Japanese yen is the big mover so far today, gaining 0.7% to a trade of ¥117.8. The rest of the major currencies are also a bit more subdued owing to the upcoming US CPI data, which will be the focal point for attention today. All of the focus and.
It’s possible that you might have overlooked it, but Eamonn’s report that was released earlier is the cause of the yen’s increased value in the markets today. At the upcoming meeting, the Bank of Japan will be analyzing the potential repercussions of their loose monetary policy. It is possible to.
In the near term, China faces significant challenges in reviving its growth through private consumption. On Thursday, US President Biden will be making a speech following the US inflation report. Goldman Sachs no longer anticipates a recession in the Eurozone in 2023. China’s state planner stated that they would be.
Despite a larger surplus than expected, the Australian dollar rose against the US dollar in November. November’s trade balance came in higher than expected, according to Australia’s Bureau of Statistics. LNG exports decreased sharply in November, while iron ore earnings increased. This can be attributed to a sharp decrease in.
There has been a 3.2% increase in new house consents in October 2017 compared to the same month last year, Statistics NZ said. The NZD/USD exchange rate is barely changed, however. Traders are waiting for the United States CPI data on Thursday for risk sentiment guidance.
Rates will still need to rise significantly, says Rehn ECB’s Rehn: Rates will still have to rise significantly, says De Cos at the ECB US EIA weekly oil inventories for the week ending Jan 6 +18,962K vs -2243K expected Treasury Auctions of $32 billion a ten-year bond with a high.
When it comes to the pair, buying is mostly advised at present because of the bearish run of four consecutive bars. Bulls, who believe that this is a higher high reversal, are likely to be more optimistic about future price increases if a micro double bottom of 1.0708 is.
Bank of America Global Research has conducted a time-zone analysis to review the performance of FX in 2022. This study divided a 24-hour day into 3 distinct time zones: Asian hours from midnight GMT to 8am GMT, European hours from 8am GMT to 1pm GMT, and US hours from 1pm.
There is not much going on on the FX market today besides the yen and Swiss franc being weaker. Tomorrow’s U.S. CPI report and after that, there is not much to do. Tomorrow’s economic data consist of the EIA’s weekly oil inventory data, which is the only other item on.