The US Dollar holds the high ground ahead of CPI and Fed Chair Powell’s confirmation hearing as the market ups the ante on rate hikes. Where to for the USD?
Natural gas prices soared as weather forecasts showed colder weather sweeping across the US, hinting at a potential spike in demand over the next couple of weeks.
Natural gas prices soared as weather forecasts showed colder weather sweeping across the US, hinting at a potential spike in demand over the next couple of weeks.
USD/JPY may continue to give back the advance from the November low (112.53) as the exchange rate fails to defend the opening range for January.
USD/JPY may continue to give back the advance from the November low (112.53) as the exchange rate fails to defend the opening range for January.
S&P 500 rises despite four-decade high inflation, but gains may be short-lived as soaring price pressures will likely pave the way for aggressive monetary tightening, a key risk for stocks.
A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen during the previous year.
AUD/USD faces a key price level as Australia readies to release trade and retail sales data amid surging Omicron cases. Meanwhile, traders remain cautious ahead of US and Chinese inflation data.
The BOE looks ready to steam ahead with several rate hikes in 2022, while ECB officials keep telling the market its wrong.
Check out this recently released video with DailyFX and Vonetta Logan.
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