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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
Gold Is Betting $90 Oil Won't Force the Fed Back to Tightening. CPI Is the First Check.

Gold Is Betting $90 Oil Won't Force the Fed Back to Tightening. CPI Is the First Check.

TL;DR: Gold has kept climbing even as Brent rebounded from $70 toward $90, a divergence that reflects markets betting the Fed won't tighten again without proof oil is feeding into core inflation — and Wednesday's CPI is the first test of that bet.

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Source: Action Forex
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
EUR/USD, USD/JPY Forecast: Fed Hike Bets Ease, Yen Weakness Does Not

EUR/USD, USD/JPY Forecast: Fed Hike Bets Ease, Yen Weakness Does Not

For all the talk about today's US inflation report, it is debatable whether anyone truly has a consistent edge in predicting how the data will print, let alone how markets will respond over a longer time frame. Looking at price action across major currency pairs heading into the release and identifying the technical levels that matter provides a framework as good as any for anticipating or reacting once it comes out.

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Source: Forexcom
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
USD/JPY Has Been a Big Mover on US CPI Data – Will Tomorrow Force a Repeat?

USD/JPY Has Been a Big Mover on US CPI Data – Will Tomorrow Force a Repeat?

The Bank of Japan and the US Treasury Department took their swing at USD/JPY two weeks ago, but since then, bulls have been clawing back. This puts perhaps even more importance on tomorrow's US CPI report as rates markets still widely-expect the US to lift rates later this year, with an approximate 80% probability priced-in for at least one 25 bp hike.

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Source: Forexcom
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