Crude Oil Price Anchored Ahead of US CPI Despite Disruptions. Will Data Drive WTI?
The crude oil price have been stable as the market braces itself for the crucial US CPI number later today. If inflation misbehaves, will a Treasury rout hit WTI?
The crude oil price have been stable as the market braces itself for the crucial US CPI number later today. If inflation misbehaves, will a Treasury rout hit WTI?
USD/JPY appears to be on track to test the monthly low (130.39) after struggling to push back above the 50-Day SMA (135.24).
The S&P 500 and Nasdaq 100 record modest losses on Thursday, reversing a positive market open, as traders take profits on fears that the recent rally had gotten ahead of fundamentals
The Central Bank of Mexico raises 75bp after July inflation number reach its fastest pace in more than two decades
After a strong rally in recent weeks, gold prices have stalled near key technical resistance located slightly above the $1,800 area, but the metal maintains a positive near-term outlook.
FTSE 100 has struggled to hold onto gains after temporarily rising above 7,500. Price action suggests that bulls may be challenged by a few hurdles before the uptrend can resume.
The Chinese Yuan may fall against the US Dollar if China’s consumer prices for July beat analysts’ estimates. Traders will shift their attention to US CPI data after today’s APAC session.
The index trimmed gains as Federal Reserve members reiterated the need for rate hikes which saw the risk-on mood fade.
Pound watchers brace themselves ahead of UK GDP tomorrow after GBP/USD rallied on the back of dollar weakness
The yen recovered some ground as markets reassessed the likelihood of a 75 bps hike in September following a cooler US CPI print. Dollar to remain supported, however