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The pair is in a good mood today after last week’s US CPI-fueled decline and remains contained within the daily Ichimoku Cloud, looking for catalysts

There was a flurry of corporate activity and news during the week of August 8-12, with Disney, Dutch retailer Ahold Delhaize, EV start-up Rivian and other companies attracting our attention

The pair is in consolidation mode after Wednesday’s US inflation-fueled surge, little changed by the UK GDP release today

The Walt Disney Company released strong quarterly results on Wednesday, with its streaming services reporting total subscribers that were higher than those of rival Netflix

The pair jumped yesterday after US headline CPI eased, which led to dovish market repricing around the Fed’s next rate move, but some officials pushed back

The headline Consumer Price Index moderated to +8.5% y/y in July, from 9.1% in the prior month, while the core index proved more sticky, staying at +5.9% y/y

The pair dropped last week, after the gloomy BoE and blockbuster US Jobs report, but finds support during the current one, as markets brace for Wednesday’s US CPI inflation

The pair steadies today, after Friday drop due US unemployment decline to pre-pandemic levels and an overall strong jobs report, which boosts expectation for another big rate hike by the Fed

The first week of August remained a busy one, as we had a large number of high profile corporations releasing their financial results, such as chip-maker AMD, British energy giant BP, ride-hailing firm Uber and others

Major central banks have implemented aggressive rate-hike cycles in order to combat surging inflation, but fears of recession make their job difficult and their forward guidance unclear

The BoE delivered its biggest hike in twenty-seven years today, but moderated its guidance, while projecting recession and higher inflation ahead