Yen Drifting as US Inflation Looms

USD/JPY continues to show little movement this week, in sharp contrast to Friday, when the pair jumped a massive 1.55%. In the European session, USD/JPY is trading at 135.02 down 0.09%. The yen had shown some strength against the dollar recently, but took a tumble after the stunning US nonfarm payroll report on Friday. The […]

US CPI Release Will Determine Dollar's Trend

It is definitely inflation day today. China, Germany, and Italy have released their consumer inflation data, while the US will release theirs before the New York session begins. Historically, inflation data has rarely deviated from expectations without triggering a market reaction, but in recent months the release of data from the USA has the potential […]

US: Inflation Pressures Ease in July, But Remain at 40-Year High    

Consumer price inflation was flat in July after having increased by 1.3% month-over-month (m/m) in June. On a year-over-year basis, inflation decelerated 0.6 percentage points (pp) from June, rising by 8.5%. After making sizeable contributions in each of the last two months, energy prices fell by 4.6% m/m, as both gasoline (-7.7% m/m) and energy […]

GBP/USD Soars as US Inflation Falls

The British pound has surged in today’s North American session. GBP/USD has jumped a massive 1.20% on the day and is trading at 1.2218. US inflation underperforms The economic calendar is very light on both sides of the pond today, but that didn’t matter as today’s US inflation report has sent the US dollar on […]

Research China: The Risk of a Taiwan War and What it Implies

Tensions are running high with rising fears over a Chinese invasion of Taiwan in the not too distant future. In this paper we look closer at the risk of a war. While risks are rising we still see a rather small probability of a Chinese invasion of Taiwan in the next couple of years (20%) […]

Rise and Fall of Inflation

Market movers today Markets will continue digesting yesterday’s US CPI figures, which will be followed by July PPI this afternoon. Consensus is looking for moderating producer price growth in line with the CPI. Money market players’ inflation expectations will be released for Sweden ahead of the actual inflation data tomorrow. The 60 second overview Inflation: […]

Soft US Inflation Boosts Sentiment

US consumer prices eased in July, and they eased more than expected. The CPI data printed 8.5% on Wednesday, versus 8.7% expected by analysts and 9.1% printed a month earlier. The slower-than-expected inflation figure revived the hope that last month’s 9.1% was maybe a peak, and we could see a potential reversal in inflation trend. […]

BTC, ETH Dominance Warn of Cycle Change

Bitcoin has added 7.4% to $24.6K in the last 24 hours. It’s not the magnitude of the move that draws attention but rather the ability to rewrite previous local highs. Ethereum has gained 13% to $1900 in the same time frame. Top altcoins add between 4.7% (BNB) and 13.4% (Solana). The total capitalisation of the […]

Oil Report: Bulls to Disrupt Current Stabilisation?

WTI’s price was on the rise yesterday, yet overall seems to remain rather stable yet at lower levels than our last report as the price remains near $90 per barrel. It should be noted that the data released related to the US oil market tended to show a slack, as the EIA yesterday, showed that […]

Inflation Relief, PBOC, Singapore GDP, Oil, Gold, Bitcoin

Investors are certainly in a more upbeat mood as the relief from the US inflation data ripples through the markets. Positive surprises have been hard to come by on the inflation front this year and yesterday’s report was very much welcomed with open arms. While we shouldn’t get too carried away by the data, with […]