Inflation

Despite today’s weakness in the greenback, USD/JPY is still holding above a short-term bullish trend line, as well as its 50- and 200-day EMAs in the 134.00 area

The Cleveland Fed’s widely-watched Inflation Nowcast suggests potential upside risk to the release...

New Zealander’s can breathe a sigh of relief that their rate of inflation is finally slowing, with both annual and quarterly CPI coming in much less than expected.

The weaker US inflation data supports our bullish EURUSD forecast: We think that the single currency is likely heading above $1.10 soon.

Today’s US inflation report could be the difference between a 25bp Fed hike or pause at their May meeting, making it a key data point to watch.

China’s consumer and producer prices continued to deflate in March, which helped further boost sentiment in today’s Asian session.

Oil prices have stabilised following OPEC’s surprise oil production cut, which now allows traders to switch their focus over to Swiss inflation, flash PMI and ISM reports.

AUD pairs are broadly lower as inflation falls to 6.8% y/y (7.1% expected), bolstering expectations that the RBA will hold rates at their April meeting.

The Canadian GDP was much worse than expected, however the GDP Price Deflator was also weak.

The ECB had already planned a half-point rate move in March, and these stronger readings are likely to bolster officials who say that more big moves are needed beyond that to get inflation under control.

Markets cannot get enough of US inflation data at present and what it means for the Fed. And that means today’s PCE figures are now likely the more important.

Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.

CAD/JPY has piqued our interest ahead of today's economic data, which includes PMI's for Europe and the US and Canada's inflation and retail reports.

A strong UK employment increased the odds of another BOE hike and sent the pound higher against the euro for a seventh day. Can it notch up an eight with today’s inflation report?

A strong UK employment increased the odds of another BOE hike and sent the pound higher against the euro for a seventh day. Can it notch up an eight with today’s inflation report?

There’s no escaping the fact that Australian inflation continues to point the wrong way for the RBA and consumers alike. And today’s report should quickly eradicate hopes of an RBA pause in February.

Implied volatility for FX majors has risen ahead of today’s FOMC meeting - and most notably GBP as it also has UK CPI to contend with within the hour.