EUR/USD weakens as US jobs data trims Fed rate cut bets
The EUR/USD pair trades in negative territory for the third consecutive day near 1.1860 during the early European session on Thursday. Traders will keep an eye on the US weekly Initial Jobless Claims data. On Friday, the attention will shift to the US Consumer Price Index (CPI) inflation report. The Greenback strengthens against the Euro […]
UK CPI forecast to tick higher in December, curbing expectations of BoE rate cuts
The UK Office for National Statistics (ONS) is set to publish the December Consumer Price Index (CPI) data on Wednesday at 07:00 GMT, a release closely watched by financial markets. Economists anticipate a mild pickup in inflation, suggesting price pressures may be regaining momentum. Inflation remains a key input for the Bank of England (BoE) […]
US Dollar Index holds near 99.00 as markets await Retail Sales, PPI
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading slightly lower after posting modest gains in the previous session. During Asian trading hours on Wednesday, the index is hovering around 99.10, with investors turning cautious ahead of the US Retail Sales and Producer Price […]
NZD/USD steady above 0.5900 despite weak Chinese CPI data
The NZD/USD pair remains firm near 0.5930 during Wednesday’s Asian session, with the New Zealand Dollar holding its ground against the US Dollar despite softer-than-expected Chinese inflation figures. Traders now shift focus to the upcoming US Producer Price Index (PPI) data for August, due later in the day. Fresh data from China’s National Bureau of […]
EUR/USD edges higher toward 1.1800 as traders eye ECB decision
The EUR/USD pair continued its upward momentum for a third straight session, trading near 1.1780 during Asian hours on Tuesday. The euro advanced as the US Dollar (USD) remained under pressure, weighed down by last week’s weaker-than-expected August jobs report, which strengthened bets on a Federal Reserve (Fed) rate cut in September. Market pricing now […]
What is CPI in Forex, and How Can You Use It for Trading?
The Consumer Price Index (CPI) is a critical economic indicator that measures the change in the price level of a basket of consumer goods and services. It’s a widely recognized gauge of inflation and plays a significant role in influencing monetary policy decisions by central banks. For forex traders, CPI data is particularly valuable because […]
March Inflation Exceeds RBNZ Forecasts, Rent Prices Hit Record High Since 1999
March Inflation Exceeds RBNZ Forecasts, Rent Prices Hit Record High Since 1999 New Zealand’s annual inflation rate decreased to 4% in March from 4.7% in December, even as costs for rents, house construction, and council rates continued to rise, according to Statistics NZ. The Consumer Price Index (CPI) saw a marginal increase of 0.6% in […]
Pound Sterling Declines Amid UK’s Mild Inflation and Risk-Averse Market Mood
Pound Sterling Declines Amid UK’s Mild Inflation and Risk-Averse Market Mood In Wednesday’s trading session in London, the Pound Sterling exhibited significant volatility following the release of unexpectedly mild Consumer Price Index (CPI) data for February by the UK’s Office for National Statistics (ONS). The data showed a deceleration in annual headline and core inflation […]
WTI Crude Oil Steadies Around $82.30 Ahead of EIA Report and US Inflation Figures
WTI Crude Oil Steadies Around $82.30 Ahead of EIA Report and US Inflation Figures In the early European session on Wednesday, WTI, the benchmark for US crude oil, is exhibiting little movement as prices fluctuate within a narrow range of $82.20 to $82.45. The market is grappling with concerns over China’s dwindling demand for oil […]