Nikkei 225 Index Ricochets Amid Crude Oil Volatility. Where Will the Index land?
The Nikkei 225 – Japans benchmark stock index – softened today as the impact of higher energy costs emerged in the producer price index. Meanwhile, a storm is brewing.
The Nikkei 225 – Japans benchmark stock index – softened today as the impact of higher energy costs emerged in the producer price index. Meanwhile, a storm is brewing.
Annie Duke on trading, bet-sizing, prospect theory, outcome bias and quitting.
Looming developments in the RSI may indicate a near-term pullback in USD/JPY if it falls back from overbought territory to offer a textbook sell signal.
The Australian Dollar charged higher overnight as flooding across China forced mines to close on safety concerns. That sent coal prices in Asia surging higher alongside AUD/USD.
NZD/USD may continue to consolidate over the remainder of the week as the exchange rate fails to clear the opening range for October.
US CPI suggests inflation is not as transitory as initially anticipated
Find out more about JP Morgan and Blackrock Q3 earnings
Gold is pushing into an area of technical resistance ahead of today’s important US inflation report.
Crude oil prices may turn lower if US CPI inflation data along with minutes from September’s FOMC meeting amplify a hawkish shift in Fed policy expectations.
GBP continues to track USD higher against other currencies, with EUR/GBP down and GBP/JPY up as UK GDP growth data show a rapidly expanding UK economy.