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 […]
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 […]
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 […]
Things to Watch Ahead in the Market this Week | Forex Traders Market Watch
Investors trying to gauge the inflation threat will keep a close eye on Thursday’s U.S. consumer price data, amid concerns that rising inflation could prompt the Federal Reserve to begin pulling back on stimulus. Markets will also be monitoring the progress of President Joe Biden’s proposed $1.7 trillion infrastructure plan, which has already boosted the […]
Canadian Consumers perceive higher inflation ~ Bank of Canada
OTTAWA — A sizable segment of the Canadian population believe inflation is higher than the actual measured rate, and that is partly attributed to a run up in housing prices in major Canadian cities, a senior Bank of Canada official said. Lawrence Schembri, a deputy governor at the central bank, said the central bank must […]