EUR/USD trades just north of 1.17
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo…
The euro area flash HICP rose to 3.0% in August
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: CHF/JPY surged in today’s session. Further bullish momentum will lead the exchange rate to hit the previous top and even higher into fresh highs.
European Market View
The euro area flash HICP rose to 3.0% in August, which is the highest print since November 2011 (from 2.2% in July). The energy price inflation remained elevated but the biggest pro-inflationary factor this month was the jump in core inflation to 1.6% (from 0.71% in July). The high print fuels the ECB hawks argument to push for an end to crisis fighting tools sooner rather than later.
In the equities space, there were no major moves yesterday as investors are waiting for the next driver to appear. Equity investors are so far ignoring disappointing key figures but their confidence will probably be tested again today as more heavyweight numbers are due. In US yesterday Dow -0.1%, S&P 500 -0.1% and Nasdaq -0.04%. Asian markets are higher this morning lifted by upbeat tone in Japan. European futures starting September roughly 0.5% higher while US ones are only slightly higher this morning.
In the FX space, yesterday the session was generally characterised by USD weakness and EM performance PLN, CZK and ZAR were the primary outperformers. Normally, this would be a beneficial environment for NOK, yet the Norwegian krona was underperforming in FX major’s space with EUR/NOK back in the mid 10.20s. EURUSD is currently at 1.1800 area.
Michael Eliades
Similar
How Will Tapering Affect FAANG Stocks?
Investors in popular FAANG stocks have enjoyed a great run over the last year as a combination of super-low interest rates from the Federal Reserve and high growth from the individual tech companies has made an easy bull case…
S&P500, Dow and NASDAQ all up 1%
Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now testing the previous top…
Popular
Gas and Oil Are at Record Highs
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.
EUR/USD trades just north of 1.17
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo…
Carnival is Leaving the Dock!
On Thursday, September 23, shares of Carnival had jumped a solid 3% after the cruise line announced it is on track to have 50% of its fleet sailing again by October, and 65% by the end of the year. So what? Read the article to find out!
Choose your payment system
