Share: GBP/JPY uptrend appears to be overextended, with the next major target set at the 190.00 psychological level, a peak not seen since September 2008. A successful breach of 190.00 could open the path towards the September 2008 high of 198.34, potentially even the 200.00 mark. On the downside, initial support is today’s
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US Crude Oil Analysis and Charts • Crude prices remain above recent lows • Demand forecasts have been tweaked higher • Strong downtrend still dominates the daily chart Download our Free Guide to Help You When Trading Oil Recommended by David Cottle Understanding the Core Fundamentals of Oil Trading Crude oil prices gained a little
Fed funds futures are surging as the CPI report takes the FOMC out of the picture for now. Deferred contracts are pacing the move, though we suspect the market is getting ahead of itself, moving forward rate cuts and pricing in a string of easings next year. The implied May contract suggests about an 80% chance
Stock market gains today: The S&P 500 is up 1.9% The Nasdaq up 2.3% The Russell 2000 up 3.7% It’s a bonanza in markets after US CPI was slightly lower than expected today. The market has priced out any further Fed rate hikes and is cheering the likelihood of a soft landing in the US.
Number of traders net-short has increased by 1.13% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/USD BULLISH 48.95% 51.05% -27.45% Daily -13.69% Weekly 16.11% Daily 1.13% Weekly -10.27% Daily -6.71% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
OCTOBER US INFLATION KEY POINTS: October U.S. inflation clocks in at 0.0% month-over-month, bringing the 12-month reading to 3.2% from 3.7% previously, one-tenth of a percent below expectations in both cases Core CPI increases 0.2 % m-o-m and 4.2 % y-o-y, also below estimates Lower than expected inflation numbers will give the Fed cover to
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© Reuters. A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -The Japanese yen was under pressure on Tuesday, as traders waited for important U.S. inflation data which could either provide some relief for the beleaguered currency or push the
Share: Gold was able to gain something of a foothold again at the start of the week. Economists at Commerzbank analyze the yellow metal’s outlook. Gold likely to tread water ahead of US inflation data Gold’s recovery potential is likely to remain limited ahead of the US inflation data due to be published
