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Forex Today: US Inflation Eases
Article By:
Daily Forex
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Wednesday, September 15, 2021 3:52 AM EDT
US CPI (inflation) showed a drop in the monthly increase from 0.5% to 0.3%, undershooting the expected monthly increase of 0.4%. This suggests the current bout of inflation may have already peaked.
FX Daily: Calmer Waters Heading Into A Big Week For Central Banks
Article By:
ING Economics
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Wednesday, September 15, 2021 3:28 AM EDT
US inflation ultimately had a very short-lived impact on the dollar, which found fresh support from shaky risk sentiment yesterday. Markets may however be cementing their view that Fed tapering will be delayed heading into next week's FOMC meeting.
Inflation History Overview (For Some Selected Countries)
Article By:
Brian Romanchuk
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Tuesday, September 14, 2021 12:30 PM EDT
The United Kingdom generally faced higher inflation than the United States after World War II, but still followed the same pattern of peaking in the early 1980s.
Is It Really All About US CPI?
Article By:
Marc Chandler
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Tuesday, September 14, 2021 9:02 AM EDT
The markets are in a wait-and-see mode, it appears, ahead of the US CPI figures, as it absorbs bond supply from Europe and monitors the potential restructuring of China's Evergrande.
USDCAD Forecast Bearish After Canadian GDP Data
Article By:
Ara Zohrabian
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Tuesday, September 14, 2021 4:09 AM EDT
Canada’s economy resumed growth in June. Statistics Canada reported that Canadian GDP continued resumed growth at 0.7% over month rate in June, in line with expectations, after 0.5% decline in May. This is bearish for USDCAD.
Buy USD/CAD – September 13, 2021
Article By:
Yohay Elam
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Monday, September 13, 2021 7:17 AM EDT
From a technical point of view, USD/CAD slips lower and could make successive tests of the 1.2654 weekly pivot point. Stabilizing above that level and making a new higher high with an upside breakout could signal further growth.
How (Not) To Win Friends And Influence People
Article By:
Marc Chandler
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Monday, September 13, 2021 7:03 AM EDT
Iron ore prices are heavy, with the leading Chinese futures contract off for the 10th session in the past 11. Copper is up for a third session and is at its best since early August. Aluminum is trading above $3000 for the first time in 13 years.
Ark Invest Founder Cathie Wood To Invest In Canadian Bitcoin ETFs
USD/CAD Weekly Forecast: USD Is Looking Strong And Forcing The Pair Above 1.2600
Article By:
Yohay Elam
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Sunday, September 12, 2021 2:15 PM EDT
A stronger US dollar looks to take the pair over 1.2600 by the end of the week while the US dollar index rises to 92.55. On the Canadian side of things, there was positive news about employment data.
Weekly Fundamental Gold Price Forecast: The Easy Part Is Over
Article By:
Christopher Vecchio
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Sunday, September 12, 2021 1:30 PM EDT
The rebound in the US dollar helped take some shine off of gold prices. And with an expected slowdown in both fiscal and monetary stimulus in the United States, the fundamental backdrop for gold prices appears to be in the rearview mirror.
Don't Resist The Dollar's Pull Ahead Of The FOMC Meeting
Article By:
Marc Chandler
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Sunday, September 12, 2021 8:48 AM EDT
The US dollar enjoyed a firmer bias last week despite the disappointing jobs growth reported on September 3. The Norwegian krone was the only major currency that gained against the greenback.
