Day: March 14, 2024
USD Rallies on Hotter Inflation The US Dollar is seeing better demand today on the back of yesterday’s February inflation report. Annualised CPI was seen rising to 3.2% from 3.1% prior with month over month readings moving to 0.4% from 0.3% on headline and remaining at 0.4% on core. With inflation proving sticky around current […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the resistance level. In this situation, the price is expected to rebound from the 5/8 (147.65) level and decline to the support at 3/8 (146.09). The scenario could be cancelled by […]
The US Dollar is currently experiencing a downturn, unwinding gains fueled by the latest US Core CPI figures, which exceeded expectations. This unforeseen development has raised uncertainties regarding the Fed’s anticipated interest-rate adjustments. However, expectations about interest rate cuts from other central banks adjust too, limiting the positive impact of the CPI data on the […]
Daily Market Outlook, March 13, 2024 Munnelly’s Macro Minute… “Whipsaw Reaction To US Inflation Resolves With Risk On Response” Most Asian stock markets are experiencing gains on Wednesday, taking direction from the overall positive performance of global markets. This was influenced by the favorable response to the long-awaited report on US consumer price inflation for […]
