USD/JPY Steadies Following Wednesday’s Rally
Yesterday’s surge in US CPI Inflation boosted US 10 year Bond Yields and bolstered expectations around rate hikes by the Fed, leading the pair to one of its best days of the year
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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Yesterday’s surge in US CPI Inflation boosted US 10 year Bond Yields and bolstered expectations around rate hikes by the Fed, leading the pair to one of its best days of the year
The Walt Disney Company reported its financial results for the quarter ended October 2, on Wednesday after US markets closed, largely missing estimates
Wednesday’s hot US CPI Inflation provided the catalyst for breaking below the key 1.1492 support and new 2021 lows
The pair enters its third straight losing day and sheds more than 0.5% on the week, having taken a double hit from high US CPI Inflation yesterday and poor Employment data from Australia today
US Consumer Price Index soared in October, with the Core reading rising to 4.6% y/y, compared to 4.0% in September. The pair’s original reaction was lower, as conventional wisdom dictates, but it quickly reacted higher
The pair is sensitive to the US Bond Yields movements and today’s rise in the 10-Year one, fuels its recovery, along with broader cautious sentiment that seems to also benefit the US Dollar more
Risk-off sentiment was prevalent during the Asia-Pacific session after China’s increased consumer and factory inflation, but European traders enter in better mood
The pair struggled for direction yesterday as markets lacked conviction and risk tones were mixed, but today it slides, as risk-off mood prevailed during the Asia-Pacific session
North American traders seek the US Dollar, which puts pressure on XAU/USD, following the de-escalation in US Producer Price Index and Mr. Powell’s focus on employment
Last month was its first negative one since May and despite a solid start in November, the pair is range-bound this week and lacks conviction, as investors appear to wait for the US CPI inflation data on Wednesday
The share price of Ford Motor Company hit the $20 mark for the first time in more than 20 years, with F.us registering a staggering nearly 130% year-to-date rally, as investors appear to like its recent turnaround plan under the new CEO
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