Mid-Week Technical Outlook: Calm Before Potential US Inflation Storm?
An uneasy calm settled over financial markets on Wednesday as investors anxiously awaited the latest US inflation data set to be released in the afternoon.
JPY pressure is intense at the moment. 10-year US Treasury yields have moved above 3% and as long as those yields are rushing higher, momentum is bullish in USD/JPY. The BoJ continues to view the weak yen as mainly positive.
Dollar downside halted as China Covid concerns deepen
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less hawkish than recent chatter.
An uneasy calm settled over financial markets on Wednesday as investors anxiously awaited the latest US inflation data set to be released in the after...
JPY pressure is intense at the moment. 10-year US Treasury yields have moved above 3% and as long as those yields are rushing higher, momentum is bul...
USDJPY Japanese Yen Bank of Japan yield curve control RBA Reserve Bank of Australia AUDUSD Aussie risk sentiment DXY Dollar index Stocks S&P 500 ECB European Central Bank inflation FED FOMC Federal Reserve
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less ...
US Dollar DXY Covid-19 China safe haven Federal Reserve rate hikes inflation Fed speak FOMC Crude Oil OPEC+ Recession