Forex Today: Market Expects US Inflation to Fall Today

  • 📰 Daily_Forex
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Today's Forex news: Markets Await US CPI data; Report: BoJ Will Consider Policy Side Effects Next Week; Stocks Higher, US Dollar Lower; Gold, Copper, EURUSD Reach New Multi-Month Highs. Read more:

There are reports that Fed members are leaning more toward supporting a slower pace of rate hikes, as markets await the release later today ofCPI data. Markets are expecting annualized US inflation to decline from 7.1% to 6.5%. If the number is even lower, it can be expected that stocks will rise strongly, and the US Dollar will sell off.

Reports in Japan suggest that the Bank of Japan will consider side effects of its monetary policy at its meeting last week, giving more credence to the prospect of a tighter policy. The Japanese Yen rose on the reportsThe long-term bullish trend in precious metals continues, with the price of spot is also bullish, but less so. In the commodities sector, Copper has also made a strong bullish breakout to new multi-month highs.

These assets are attractive to long-term trend traders in the long direction right now, as higher prices here are likely over the coming days. In the Forex market, we currently see more in-trend movement in the major currency pairs, especially in which has made another new 7-month high above $1.0776. The strong long-term technical trend against the US Dollar remains, The price

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 567. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Crypto Markets Today: Coinbase Announces More Job Cuts Amid Market JittersCoinbase cuts around 20% of workforce. BTC strong at around $17,400, up 1.7% over the past 24 hours. ETH up 1.5% to $1,340. Both assets hit nearly four-week highs. Equities closed up following Fed’s comments on higher rates. _jocelynyang_ reports _jocelynyang_ Huobi lay off around 300 employees as well. Tough times for crypto. _jocelynyang_ Tough news for Coinbase, but bullish for $BTC & $ETH. Still, the Fed's comments reflect a positive outlook, and DeFi is modernizing financial services and inclusion. Onward and upwards 🚀 crypto DeFi _jocelynyang_ ETH as a POS and no limit on supply will go down in price. I sold mine for a profit early last year. Bitcoin, Ethereum Classic are my choices.
Källa: CoinDesk - 🏆 291. / 63 Läs mer »