Author: FX
The USD Index dived to a six-month low of 103.50, from 105.00 following the cooler CPI data and trades at 104.00 now. US Stocks rallied on open as high as +3.85% but lost most of their gains by close (+0.30-1.01%). Yields tanked (10-yr lost 11 bp) as Treasuries rallied but closed at 3.501%. Commodities rallied (Gold & Copper hit 6-mth highs and Asian markets remain bid and the USD down 1.5% vs Yen, and 6-mth lows vs Euro, Sterling & Kiwi and 3-mths lows vs. Aussie. BTC spiked to 18k before, news that Binance withdrawals…
UK CPI Key Points:UK CPI Declined to 10.7% Annually, Down from 11.1% in October.The Largest Contribution to the Decrease Came from Cost of Transport (7.2% vs 8.9%), Particularly Motor Fuels (17.2% vs 22.2%) and Second-Hand Cars (-5.8% vs -2.7%).The Annual Core Rate Declined to 6.3% Vs 6.5% Expected. Recommended by Zain Vawda Get Your Free GBP Forecast The CPI and Forex: How CPI Data Affects Currency PricesUK inflation declined in November beating estimates and following last month’s record high print. The core rate of inflation dropped to of 6.3% while consumer prices dropped to 0.4% on a month-to-month basis, well…
Nick Lane, Managing Director for Consumer Customer Services at BT, said: “Our expanded partnership with Nokia is another demonstration of our commitment to providing the best customer experience by investing in AI, analytics, and other state-of the-art technology. Our partnership will help BT’s customer service agents provide the best service across all phone and digital channels and continue to make BT the only network to answer 100% of customer calls in the UK.” Source link
5/5 © Reuters. An ambulace arrives at a fever clinic at Chaoyang Hospital in Beijing, China December 13, 2022, in this screen grab taken from a Reuters TV video. REUTERS TV via REUTERS 2/5 By Bernard Orr and Brenda Goh BEIJING (Reuters) – A week after China began dismantling its tough ‘zero-COVID’ controls, the World Health Organization warned of “very tough” times ahead and state media reported some seriously ill patients at hospitals in Beijing, raising fears of a wave of infections. China last Wednesday announced sweeping changes to testing and quarantine rules, aligning with a world that has largely…
Welcome to mid-week trading, errbody! Pippo tells me that we’ve got busy trading sessions ahead so I thought y’all would appreciate short-term setups today. Who’s up for trading NZD/USD and EUR/AUD’s short-term trends? NZD/USD 1-hour Forex Chart A spike in USD weakness took briefly took NZD/USD above the .6500 psychological handle yesterday! NZD bears eventually went back in the game though, and now NZD/USD is trading below .6450 again. Will NZD/USD retest its weekly highs? Take note that NZD/USD has been in an uptrend since mid-November and that an unbroken trend line resistance and the 100 and 200 SMAs point…
The cooler-than-expected US consumer price inflation report yesterday sparked a big reaction in markets but at the end of the day, it was a case of some being more than others. The dollar was pummeled alongside Treasury yields and there were some notable technical breaks in some dollar pairs as a result. However, stocks saw its early rip higher tempered with and the S&P 500 ultimately fell back below its 200-day moving average after an attempt to get above the key trendline resistance for the year:It’s now over to the Fed to vindicate the kind of moves we saw yesterday…
Asian equities remain mildly bid as easing fears of higher rates jostle with challenges for sentiment. US inflation raised hopes of Fed’s pivot in early 2023 but Powell isn’t famous for dovish moves. ADP cuts Emerging Asia outlook, IMF’s Georgieva expects slower growth for China. Japan’s Tankan figures flash mixed signals, RBA’s Lowe refrained from speaking on monetary policy. Risk appetite remains firmer in Asia during early Wednesday, even as the Treasury bond yields remain directionless and the US Dollar licks its wounds around a six-month low by the press time. While portraying the mood, MSCI’s index of Asia-Pacific shares outside…
USDCHF, Daily The Swiss State Secretariat for Economic Affairs (SECO) revised down its inflation forecasts for 2022 and 2023. For 2022, CPI is projected at 2.9%. The previous September forecast was 3.0%. The 2023 CPI is expected to be 2.2%, down from 2.3%. For 2022 GDP growth was unchanged at 2.0%, while 2023 GDP growth was slightly lowered from 1.1% to 1.0%. SECO said this would indicate sluggish growth in the Swiss economy, but not a severe recession. Meanwhile, Europe’s energy situation is projected to normalize after the winter of 2023-24. At the same time, inflation rates are likely to…
© Reuters. By Ambar Warrick Investing.com– Oil prices fell slightly on Wednesday after three sessions of stellar gains as data pointed to an unexpected build in U.S. inventories despite a major pipeline outage, while markets awaited more cues on monetary policy from the conclusion of a Federal Reserve meeting. Crude markets rallied sharply over the past three sessions as an outage in the Canada-U.S. Keystone Pipeline and softer-than-expected U.S. inflation data drove up hopes that supplies will tighten while economic conditions will improve and spur a recovery in demand. But released on Tuesday showed that U.S. oil inventories likely grew more…
<p>Info via Reuters headline, without further details at this stage. </p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link