Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above 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.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Popular
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Choose your payment system
