Author: FX
USD/CAD is testing a key area as conflicting technical signals and upcoming catalysts set the stage for its next move. Source link
investingLive Asia-Pacific Market news: Oil edges up, small move !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Two inflation reports landed this week, just one day apart. Wednesday’s Consumer Price Index matched forecasts, and the dollar barely blinked. Then, Thursday’s Producer Price Index came in cooler than expected, knocking September rate hike odds from a coin flip to below 40%. So, why did the lesser-known report pack the bigger punch? It comes down to where each report sits in the inflation pipeline. What Are PPI and CPI, and Why Does Core Matter? Think of inflation as a relay race. The Producer Price Index (PPI) measures the prices businesses receive near the beginning of the supply chain. The…
USD/CAD loses ground for the second successive day, trading around 1.3920 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) declines following a softer-than-expected US inflation report. Market attention is now shifting toward the US July Retail Sales data scheduled for release later in the day.Adding to the inflation picture, the Bureau of Labor Statistics (BLS) reported that US wholesale costs for goods and services were flat in July, cooling more than the anticipated 0.2% growth following a revised 0.1% decline in June. Excluding volatile food and energy components, the core Producer Price Index (PPI)…
NZ manufacturing growth cools to 54.3 in July after June’s surge !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Markets pushed higher on Thursday after a cooler-than-expected U.S. producer price report reinforced bets that the Federal Reserve will hold off on raising interest rates next month. The S&P 500 touched a fresh record, extending a global equity rally that began overnight with a surge in Asian chip stocks, even as a split field of Fed officials offered conflicting signals on the path ahead. The U.S. dollar swung in both directions across the Asian, London, and U.S. sessions before closing mixed, and arguably a shade firmer, against most major currencies. Check out the forex news and economic updates you may…
NZD/CAD has pulled back sharply from its early August highs and is now testing a support area that has repeatedly drawn buying interest in recent months. With selling pressure building near this key decision zone, traders are watching closely for signs that the decline may be losing steam. Will buyers step in and defend support, or will sellers force a deeper move lower? Welcome to “TA Alert of the Day.” Each day after the market close, MarketMilk scans for popular technical indicator alerts. We use these alerts as the basis for a mini-lesson, breaking down what each alert means, why…
The Euro holds firm above 1.1500 as inflation data in the US curbed Fed rate hike bets, as traders shifted from expecting a rate hike to a hold in the September 16 meeting, while investors await the release of economic growth figures in the European Union (EU).EUR/USD steadies as softer US inflation contrasts with hotter Spanish pricesUS producer-side inflation confirmed what the CPI revealed a day earlier: the disinflation process is evolving. The Producer Price Index (PPI) cooled in headlines and core figures, each at 4.7% and 4.2% respectively, when compared to June’s print.This pushed investors to reduce bets on…
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The Dow Jones Industrial Average trades near 53,700 on Thursday, roughly 75 points and a tenth of a percent lower, on a morning when the S&P 500 prints a fresh record intraday high and the Nasdaq Composite runs close to a percent higher. The obvious reading of that gap is an old-economy benchmark missing a technology rally on a soft inflation print, and it is the wrong one.The arithmetic runs through a single component that reported its fiscal fourth quarter after Wednesday’s session and is being marked down for it. That one reaction accounts for very nearly the whole decline,…