US Inflation Dealt Another Blow to the Technology Sector
NAS100 plunged on Tuesday after the inflation report that bolstered expectations for another jumbo rate hike by the Federal Reserve, but manages to find support today
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NAS100 plunged on Tuesday after the inflation report that bolstered expectations for another jumbo rate hike by the Federal Reserve, but manages to find support today
Yesterday’s acceleration in US core inflation led to another resurgence, but Japanese officials provide renewed verbal support to the battered Yen, sending the pair lower today
Core CPI accelerated in August as yesterday’s report showed, just a week ahead of the Fed’s upcoming policy meeting, which may put pressure for an even larger move on interest rates
Oil prices plunged over the summer, which has led to the technical formation of a death cross, but USOil tries to put up a fight, in the aftermath of the recent production cut by OPEC+
The common currency rallies today, in the aftermath of last week’s “jumbo” rate hike by the European Central Bank and the hawkish rhetoric by policy makers
The pair remains upbeat, without any big reaction to today’s somewhat mixed economic data from the UK, after last week’s rebound form the multi-decade lows
The Japanese Yen manages to elicit support from the verbal interventions we have seen over the last few days, sending the pair lower today
The German index covers earlier losses but cannot benefit from better than expected GDP figures from Eurozone, as markets brace for Thursday’s interest rate decision by the European Central Bank
The pair extends this week’s rally to levels not seen since August 1998, as USD strength persists and markets brush aside JPY verbal intervention
The Australian central bank hiked rates by another 0.5% on Tuesday and pointed towards further increases ahead, but maintained optionality as to the future moves
The pair remains supported after as markets contemplate the recent hawkish rhetoric from the two central banks, but can’t escape parity
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