Today’s Focus: US PPI and Powell’s Speech, Potential for Further USD/JPY Rise
Today, attention is focused on materials from the United States. While the US Consumer Price Index (CPI) to be released tomorrow is the most anticipated economic statistic, the US Producer Price Index (PPI) will be released today as a prelude. The market expects the year-on-year PPI to rise slightly to +2.2% from the previous +2.1%. […]
Market sentiment seems somewhat subdued as traders await confirmation from events next week, leading to a gradual loss of momentum.
EUR/USD has remained in a narrow range around 1.0925, with trading activity picking up temporarily following the release of inflation statistics from the EU and the US. However, by the end of the day’s trading session, there was little movement again. German data met expectations, while US core CPI exceeded forecasts. However, more sustained inflation […]
Will the consolidation above the 150 yen mark for USD/JPY be established?
Today, attention is focused on whether the USD/JPY exchange rate will maintain the 150 yen range as we head into the weekend. In the Tokyo market, the Nikkei average showed movements approaching its all-time high. Bank of Japan Governor Kuroda reiterated comments similar to those from last week, stating that “even if negative interest rates […]
Today’s focus is on the US Producer Price Index (PPI) and the FOMC Meeting Minutes.
The September US PPI, to be released today, will serve as a precursor to tomorrow’s US Consumer Price Index (CPI). The YoY forecast for PPI stands at +1.6%, similar to the previous figure, and the Core YoY is expected to rise from +2.2% to +2.9%. It is anticipated that PPI will demonstrate persistent inflationary pressures, […]
US Inflation Slowdown Becomes Evident, Speculation of Additional Rate Hikes Recedes; Producer Price Index Today
Yesterday’s US Consumer Price Index (CPI) further highlighted the slowdown in inflation. As a result, the US bond yields declined, leading to increased selling pressure on the dollar, while the stock market experienced gains. Despite the recent release of US employment statistics, which showed job growth below market expectations, the resilience of wage increases and […]
Waiting for US FOMC, check out Chairman Powell’s press conference
Today, there is a focus on the US Federal Open Market Committee (FOMC). Following the release of the US Consumer Price Index (CPI) yesterday, over 90% of the market has already priced in a decision to keep rates unchanged in today’s meeting. However, given the resilience of the core index, rate hike expectations for […]
Ahead of next week’s series of events, pay attention to the rice producer price index today
The direction of the dollar exchange rate was confused this week. The market is nervous ahead of the ECB and the Bank of England’s monetary policy announcement event, including the US FOMC next week, and it is difficult to see one-way price movements. Under such circumstances, the November rice producer price index will be announced […]
Today is the announcement of the rice producer price index, and it feels like a second brew
The October rice producer price index (PPI) will be announced today. The sudden sell-off of the US dollar following the slowdown in the US consumer price index (CPI) last week is still fresh in our minds. Yesterday, Waller warned the market against overreaction, saying, “The CPI is just one piece of data, and we need […]