Financial Market Alerts
European Open: EUR/USD stalls at resistance ahead of US inflation
EUR/USD has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster.
FOMC meeting instant reaction: Not even a whisper of a pivot yet
Even looking out just until the end of this year, Fed members are projecting another 125bps of rate hikes...
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How to trade inflation?
With inflation remaining stubbornly elevated and fears of a recession rising, where are there still opportunities in the market?
GBP/USD: Why pound parity (1.00) is a potentially plausible prospect
The eerie similarities to the mid-1980s hint that GBP/USD could fall toward parity (1.00) in the coming quarters...
European Open: CAD/JPY holds steady ahead of Canada’s CPI report
CAD/JPY has pulled back to a pivotal support level, and today’s inflation report from Canada could make or break it.
Japan’s Inflation is doing its thing, but don’t expect the BOJ to act
Inflation rose to an 8-year high (or a 31-year high if we look past tax-hike impacts), yet its unlikely to see the BOJ shift from their ultra-dovish policy this week.
FOMC meeting preview: 100bps unlikely, but longer rate hike path in play
In our view, the possibility of a 100bps rate hike is overblown...but that doesn't mean the Fed won't come off as hawkish.
Michigan Consumer Sentiment data as expected. The table is set for the FOMC!
The FOMC meets on Wednesday and is likely to lift the Fed Funds rate by 75bps from 2.5% to 3.25%.
Could tomorrow's Michigan Consumer Sentiment be the key for the FOMC’s decision next week?
If the inflation components are higher than expected, watch for a possible tape-bomb from the Wall Street Journal that the Fed is “more likely” to hike 100bps.
US retail sales preview: Will falling gas prices help or hurt retail sales?
The most salient change for US consumers in August was a steep, double-digit decline in gasoline prices...
European Open: UK inflation up next, GBP/USD headed for the pandemic low?
The GBP/USD has managed to retrace overnight thanks to a weaker US dollar, ahead of UK inflation data up within the hour.
3 Trades to watch for today’s US inflation report: (EUR, Gold, Nasdaq)
Today's US inflation report is a key event this week for traders, who are placing bets that it will soften ahead of the report to send equities higher and the US dollar lower.
US CPI preview: Inflation could fall to 8%, but the Fed isn’t slowing down yet
To the downside, the first key support level to watch on USD/JPY will be 139.50, where prices topped out back in July...
Further signs of (dis)inflation appear across Asia: China A50
China’s consumer and producer prices softened in August, yet signs of disinflation are also becoming apparent across other parts of China.
Index in focus: Germany’s DAX nearing 2022 lows after record-high Eurozone inflation
The DAX has little in the way of support until the 2022 lows in the 12,500 level...
ECB hawks out in force ahead of Eurozone CPI; EUR/GBP
Hawkish ECB speakers over the last few days, combined with the lack of BOE speakers, have sent EUR/GBP to its highest level since July 6th.
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European Open: FTSE falters around 7500, German CPI reports in focus
Momentum turned lower for the FTSE on Friday, and technical suggests there could be further for it to fall.
Instant insight: Powell “forceful” in fighting inflation at Jackson Hole
Mr. Powell clearly hit a hawkish note, emphasizing the importance of leaving policy tight until inflation was thoroughly licked.
European Open: US inflation and Powell’s Jackson Hole Speech in focus
Jerome Powell will be hoping that inflation data, released just 90 minutes before his Jackson Hole speech, softens as expected.
Q2 GDP revised higher, but so is the Price Index; DXY
The higher revision to the Price Index continues to shed light on the fact that Fed underestimated inflation over the course of the last year.
What is quantitative easing and how does it impact markets?
Quantitative easing is a monetary policy tool of central banks, which has received its fair share of criticism for causing inflation. Let’s take a look at the pros and cons of QE and how it can impact the stock market and forex market.
Mexico Mid-month inflation shows rates continue to climb; USD/MXN
Mexico’s mid-month inflation rate hit a new high for the cycle today at 8.62%, which is helping push USD/MXN lower today towards prior support.