Market News

CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6% one month earlier and expected

Gold Prices Approach Potential Support as US Dollar NZD: Visitor Arrivals m/m, it measures change in the number of short-term overseas visitors who arrived in the country. GBP: BRC Retail Sales Monitor y/y, it measures change in the value of same-store sales at the retail level. JPY: PPI y/y, it measures change in the price

USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate   JPY: Core Machinery Orders m/m, it measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities. JPY: M2 Money Stock y/y, it measures change in the total quantity of domestic currency in

EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target Despite the bearish opening gap on Monday, the EUR/JPY has been following the primary component of Dow Theory by remaining above Friday’s low of 128.73. The cross continues to form the higher high and higher low structure, but

As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential   The Asian markets will start the week with an eye on Australia’s interest rate announcement tomorrow. The Reserve Bank of Australia (RBA) is likely to maintain its current interest rate of 0.1 percent, although expectations for a raise in the second