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Tag: EUR

Strong Inflation but Weak Sales Will Keep Fed on Rate Hike Path

Bond yields rose and stocks slumped after an unexpected rise in consumer inflation to its fastest pace in a year, making it more likely the Fed will raise interest rates three or more times this year. At the same time, January retail sales fell unexpectedly in their biggest drop since last February, declining 0.3 percent, […]

U.S. CPI Rises More Than Forecast on Apparel Costs

U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that have roiled financial markets this month. The consumer price index rose 0.5 percent from the previous month, above the median estimate of economists for a 0.3 percent […]

CAC Climbs on Strong German, Eurozone GDP Reports

The CAC index has posted strong gains in the Wednesday session. Currently, the index is at 5,155.30, up 0.91% on the day. It’s a busy day on the release front, with key releases in Germany, the eurozone and the US. In Germany Preliminary GDP posted a gain of 0.6%, matching the estimate. Eurozone Flash GDP […]

DAX Gains Ground on German, Eurozone Growth

The DAX index has posted losses in the Wednesday session. Currently, the index is trading at 12,277.50, up 0.67% since the Tuesday close. In Germany, Preliminary GDP slowed in the fourth quarter to 0.6%, but still matched the estimate. Final CPI declined 0.7%, also matching the forecast. Eurozone Flash GDP for Q4 remained steady at 0.6% for […]

Will it be a Valentines Day Massacre for the Dollar?

Wednesday February 14: Five things the markets are talking about Are financial markets justified going from a growth story to an inflation narrative? Today’s U.S consumer price index (08:30 am) is being touted as one of the most significant economic releases in a number of years as capital markets seek to understand the recent plunges […]

EUR/USD – Euro Unchanged as German GDP, CPI Matches Forecasts

The euro has shown some movement in both directions but is unchanged in the Wednesday session.  Currently, the pair is trading at 1.2356, up 0.04% on the day. It’s a busy day for fundamentals, with key releases out of the eurozone and the US. In Germany, Preliminary GDP slowed to 0.6% in the fourth quarter, matching […]

US Dollar Rout Continues With Inflation Data in the Horizon

Safe haven flows after the stock market collapse favour JPY and CHF The US dollar is once again on the back foot on Tuesday. The currency is softer against major pairs ahead of key US inflation data for January. The U.S. Federal Reserve along with traders will be looking at the consumer price figures for […]

Yale Economists Says US Economy “Accident Waiting to Happen”

The inflation-adjusted U.S. savings rate could soon go to zero, creating a long-term concern for the health of the economy, a Yale economist said. “Given this deficit spending, our savings rate is going to go to zero adjusted for inflation, and that’s going to push us into a realm of wider current account and trade […]

Credit Suisse Sees 10 Year Bond Breaking 3.05%

A major trigger of last week’s market sell-off was the steady but unrelenting climb in U.S. Treasury yields, which indicated higher borrowing costs, impending interest rate rises and generally bad news for most equity traders. But the bond bear market is not yet upon us, says Credit Suisse’s Global Head of Technical Analysis David Sneddon, […]

US Shale Producers Could Wreck OPEC Led Oil Price Stability

Big oil producing nations have nearly achieved their goal of draining a prolonged oil glut after taking some bitter medicine: cutting the crude production that funds their governments. But with victory in sight, U.S. drillers are poised to spoil OPEC’s plans for the second time in three years. On Tuesday, the International Energy Agency warned […]