CPI

The USDJPY has fallen substantially over the last week, fueled by expectations that the BOJ is moving away from ultra-easing. But the path might have quite a few bumps along the way. One of them that could shake up market expectations is…
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USDCAD probes support The Canadian dollar faltered after the CPI saw further cooldown in October. On the daily chart, the pair is consolidating its gains in a triangle pattern after achieving a fresh high at 1.3900 for the year. The…
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EURUSD jumps as rate difference may stay steady The euro clawed back previous losses as the Fed might keep its rates unchanged from now on. The US dollar’s weakness in the wake of a soft CPI reading has sent the single currency flying.…
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Last week, Fed Chair Jerome Powell surprised the markets a bit by insisting that the FOMC was not confident it had done enough to bring inflation down. This saw yields in US treasuries jumping higher and the dollar gaining strength. Most…
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Last week, cable had its best performance this year after rising over 2% over the course of five days which included the Fed and BOE meetings. But, it wasn't enough to overcome the slide it has been in since peaking in July. Subsequently,…
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EURUSD struggles for support The euro softened after the ECB kept its interest rates on hold as widely expected. Despite a new high above 1.0640, short-term bulls’ failure to hold onto their gains above 1.0570 at the base of the breakout…
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Fed Chair Jerome Powell is expected to speak at the Economic Club of New York later today, and will probably deliver the last substantive comments from a Fed official before the next FOMC meeting. He will have to walk a tightrope as markets…
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The next couple of days have some key data that could shake up the dollar. The reaction in the charts could be bigger, because even though they are on different days, the second release is before the market opens. And there have been some…
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There is a pretty solid consensus that the BOE will hike when it meets on Thursday. But there is a major caveat for those projections: The UK will release its all-important CPI figures the day before the meeting. If inflation is…
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