US Open– 09 May 2023 (Video)
Watch today’s US Open for commentary on EUR/USD and NAS100 after Friday’s strong US jobs report and ahead of the US CPI inflation report, Apple’s outlook after its recent quarterly results and more
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Watch today’s US Open for commentary on EUR/USD and NAS100 after Friday’s strong US jobs report and ahead of the US CPI inflation report, Apple’s outlook after its recent quarterly results and more
The UK’s headline inflation printed at 10.1% on 19 April, which was higher than the 9.8% forecast. Wage inflation, released the day before, was also higher than anticipated at 5.9% (vs 5.1%). This puts the BoE in a difficult position considering that it targets 2% inflation. It is lagging the other major economies in its attempts to control price pressures.
the pair registered its sixth straight profitable day on Monday, boosted by the latest RBA and Fed monetary policy decisions, but faces difficulties today at a region it has rejected before
Watch today’s US Open for commentary on the latest policy decisions by the Fed that hinted to a pause and the ECB, which moderated the pace of tightening, but pointed to more rate hikes
FXCM's USDOLLAR daily chart shows the low volatility of the right shoulder. Its Bollinger bands are squeezing tightly. Markets cannot stay at rest for long, so the squeeze suggests an expansion of volatility may be expected soon.
The pair extended its gains today, as wages rose further in the first quarter in New Zealand, putting pressure on inflation and the central to maintain its hawkish stance
Watch today’s US Open for commentary on the surprise rate hike of the Reserve Bank of Australia, the acquisition of First Republic by JP Morgan ahead of the Fed’s policy meeting and more
The pair faces difficulties this week, with mixed Eurozone inflation figures blurring the monetary policy outlook ahead of the decisions by the US Fed and the European Central Bank
The Reserve Bank of Australia stunned markets by restarting its rate hike cycle today, sending the pair higher, but the upcoming policy decision by the US Fed looms
The central bank of Australia raised rates by 25 bps against market expectations for another hold, while keeping the door open to further tightening
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