Australian Dollar Skipped a Beat After Soft China CPI and PPI. Higher AUD/USD?

The Australian Dollar held overnight gains after China’s inflation data revealed a slip in price pressures in the world’s second-largest economy. If the PBOC ease policy, will it lift AUD/USD?

from DailyFX – Market News https://ift.tt/F82hgp0
via IFTTT

Japanese Yen Gains, USD/JPY Falls After US CPI. Focus Shifts to BoE Next

The Japanese Yen outperformed on Wednesday, sending USD/JPY lower after markets punished Treasury yields in the wake of US inflation data. Eyes turn to the BoE next.

from DailyFX – Market News https://ift.tt/kldEOLw
via IFTTT

Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?

Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains bullish over the medium term.

from DailyFX – Market News https://ift.tt/fqdgV6H
via IFTTT

Nasdaq 100 on Verge of Bullish Breakout, USD/JPY Crushed by Slowing US Inflation

The Nasdaq 100 blasts higher and challenges key technical resistance after headline inflation comes below expectations. Meanwhile, USD/JPY turns lower, threatening to breach cluster support.

from DailyFX – Market News https://ift.tt/WefFvN5
via IFTTT

Oil Technical Update: WTI and Brent Crude Recovery on Hold after US CPI

The recovery in the oil market appears to have found a pocket of resistance, potentially stifling an impressive 4-day recovery. Technical levels to watch

from DailyFX – Market News https://ift.tt/8tza7xu
via IFTTT