Author: FX

Share: USD/CHF drops as US core PCE rose by 4.6% YoY, below the previous month. The University of Michigan’s Consumer Sentiment was below expected. USD/CHF Price Analysis: Presses toward 0.9100, but sellers struggle to break that support below. USD/CHF falls to a new weekly low below 0.9126, sponsored by economic data from the United States (US) showing that inflation is cooling down. Hence, bets that the US Federal Reserve (Fed) might pause its tightening cycle, increasing, meaning the greenback would be under pressure. At the time of writing, the USD/CHF is trading at 0.9127, below its opening price.…

Share: Gold price pulls back after spiking higher following lower-than-forecast US Personal Consumption Expenditure price data. Three Federal Reserve officials say more work needs to be done to bring down inflation. Never mind deposits, what about bank’s assets? Questions economist who sees crisis reviving and Gold exceeding $2,000. Gold may be forming a triangle in an uptrend. If ‘the trend is your friend’, bulls may be right. Gold price (XAU/USD) pulls back from its highs on Friday, exchanging hands in the $1,970s at time of writing, as the dust settles after the release of lower-than-expected Core Personal Consumption Expenditure – Price…

USDCAD retests the 100 day MAThe USDCAD has recently experienced a downward trend, nearing the crucial 100-day moving average (MA) at 1.35161. This level serves as an important indicator for both buyers and sellers, with the short-term bias leaning slightly positive if the price remains above this point. However, a drop below the 100-day MA would indicate a shift towards a more bearish outlook.Earlier today, the price briefly dipped below the 100-day MA, but failed to maintain downward momentum and subsequently rebounded. This upward movement surpassed a higher swing area between 1.3553 and 1.35597, but again, momentum waned, and sellers…

US Dollar (DXY) Price, Chart, and AnalysisUS core PCE nudge 0.1% lower to 4.6% in February.The US dollar slips but price action is muted for now. Recommended by Nick Cawley Traits of Successful Traders Inflation in the US is falling, according to the latest data from the Bureau of Economic Analysis(BEA). Core PCE (ex-energy and food) fell to 4.6% in February, compared to 4.7% in January, while the PCE price index fell to 5.0% compared to a revised 5.3% in January. The BEA PCE data is the Federal Reserve’s favored measure of inflation.For all market-moving data releases and economic events…

Share: Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 5% on a yearly basis in February from 5.3% in January, the US Bureau of Economic Analysis reported on Friday. This reading came in lower than the market expectation of 5.3%. The annual Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged lower to 4.6% from 4.7% in the same period, compared to analysts’ forecast of 4.7%. On a monthly basis, Core PCE inflation and PCE inflation both rose 0.3%. Further details of the publication revealed that Personal…

Euro Zone Inflation Rises in MarchThe year-on -year headline measure of EU inflation posted a massive decline, coming in at 6.9% vs a forecast of 7.1%, but the real kicker reveals a drop from last month’s (YoY) reading of 8.5%. Despite the rapid YoY decline, March CPI actually rose 0.9% from February, vindicating ECB hawks and their views that markets have been underappreciating the degree to which interest rates can climb.However, everyone remains focused on core CPI as it is a better measure of how wide-spread inflation has proven to be. As such, the reading strips out more volatile items…

Eurozone Inflation falls more than expected to 6.9% as energy prices eased Source link

Headline inflation is coming down thanks to base effects, and officials are admitting that even if financial market jitters calm down, fears of financial dislocation are likely to have a disinflationary effect. Core inflation remains far too high though. Unless bank stress escalates, the ECB is likely to slow the pace of rate increases, but not halt the tightening cycle in May. At first glance the ECB’s economic bulletin today was pretty much as expected. The editorial repeated that inflation has been too high for too long, and this is pretty much what Lagarde said at the press conference. However, while that…

Momentum reversals are excellent trading opportunities. However, it is often difficult to anticipate market reversals as this would mean going against the current flow of the market momentum. One way traders anticipate probable market reversals is by looking for divergences. The trading strategy to be discussed below shows us a simplified method for identifying divergences using the OsMA Indicator and the Zigzag Int Indicator. Moving Average of Oscillator Indicator The Moving Average of Oscillator Indicator or Oscillator of Moving Averages (OsMA) is a momentum indicator which is derived from an underlying oscillator. As the name suggests, it calculates for the…

2/2 © Reuters. A seven-month-old baby and her mother look at early flowering Kanzakura cherry blossoms in full bloom at the Shinjuku Gyoen National Garden in Tokyo, Japan March 14, 2018. REUTERS/Issei Kato 2/2 By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government laid out a fresh plan on Friday to boost childcare over the coming three years to stem a relentless drop in the country’s birth rate, a move that may lead to another big spending package and strain its already tattered finances. Under the plan, the government will take steps such as expansion of child allowances to be given…