Inflation

AUDUSD rallies as RBA to stay firm The Australian dollar climbs back as the RBA might stay assertive amid persistent inflation. Goods prices slowed down by more than expected in October driven by drops in petrol, rent and travel costs,…
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EURUSD seeks support The euro edged lower after inflation across the bloc fell below expectations in November. The price came under pressure in the supply zone 1.1000-1.1050 near the start of a sell-off back in August. Profit-taking by…
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Later today sees the release of the US PCE price index, which is closely tracked by the Fed. The regulatory agency reportedly uses this measure even more than core CPI to make policy decisions. And since this is the last time the figure is…
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The Euro got a boost following the flash PMIs last week which were above expectations. Albeit, the expectations were for continued contraction, and the results point to contraction. Just that the downward slope isn't as bad as initially…
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The UK has had a series of positive news over the last few days, which has helped push the pound higher. The general weakness in the dollar naturally helped push cable higher. But there is some data that fits into a narrative that the UK…
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USDJPY steadies as BoJ may stay dovish The Japanese yen struggles as the end of the massive monetary stimulus seems elusive. As the exchange rate hits its yearly high, market participants are awaiting signs that the Bank of Japan will…
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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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US Durable Goods is the last major economic and potentially market moving data to be released before American traders go on an extended weekend. The market might be poised to take an overly cautious view of things, in light of the risks of…
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There is some understandable apprehension ahead of this year's UK Autumn Statement, which is like a half-way point in the budget. The prelude to last year's was an unmitigated disaster, seeing the pound collapse, the resignation of the…
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USDCHF struggles for bids The US dollar slips as the market prices out additional rate hikes amid cooling inflation. A fall below the daily support of 0.8900 has invalidated the rebound from late October, putting buyers under renewed…
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