Post US CPI Rises EUR/USD to 9-Month Peaks Above 1.0800
The EUR/USD currency pair saw its upside accelerated to levels last seen in April 2022, north of 1.0800, on Thursday. This was a result of the increasing selling pressure on the dollar, particularly exacerbated following the release of US inflation figures during December. The headline Consumer Price Index (CPI) rose at an annualized 6.5% in […]
Stagflation Risks on the Horizon: What Investors Need to Know in 2023
As we approach the new year of 2023, it seems that pessimism is abound among investors. According to a recent survey conducted by Bloomberg, there are concerns about slowing growth and rising inflation, leading to increased risks of stagflation. For those unfamiliar with the term, stagflation refers to a situation in which there is a […]
‘Big Short’ investor Michael Burry predicts a US recession in 2023 and another inflation spike
Michael Burry, the hedge fund manager depicted in the movie “The Big Short,” has recently issued a warning that we may not have seen the peak of inflation in this cycle yet. This could potentially be very bad news for the economy, as rising inflation can lead to a variety of negative consequences. Here is […]
Consumer Price Index (CPI) for September 2022
The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for September on Thursday, October 13 at 8:30 pm Ph time. On a monthly basis, the CPI is expected to rise by 0.2%. The Core CPI, which excludes volatile food and energy prices, is expected to have risen by 0.5% last […]
Ex-MEP Godfrey Bloom Exposes Banking System as a Scam in European Parliament
The banking system, according to Godfrey Bloom, is a scam that has been operating for centuries. It involves financial institutions, such as banks, manipulating the money supply and engaging in risky practices that can lead to economic crises and financial collapse. One way that banks have historically been able to carry out this scam is […]
Traders focus on US inflation data (CPI) and European Central Bank (ECB) policy decision
Filipino Forex Traders around the world, focused on the upcoming U.S. inflation data and a European Central Bank (ECB) policy decision, both due later in the day. For the time being, global equities are hanging around an all-time high. The US dollar shrugs off weaker Treasury yields. The ECB eyed for economic outlook. To keep […]