How to Trade CPI Inflation Data: USDJPY & Gold Trading Strategies
Knowing how to trade the Consumer Price Index (CPI), one of the most important measures for inflation, is an essential skill for all types of traders, no matter their level of expertise. The CPI report has the power to shape central bank…
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GOLD – extended recovery may pause for consolidation before resuming above daily cloud
Gold resumes advance on Friday after bulls paused previous day and hit new seven- high ($4371), on track for the biggest weekly gain since the third week of January.
Disappointing US July labor data on Friday contributed to fading…
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US nonfarm payrolls fall sharply in July
US nonfarm payrolls unexpectedly fell by 23,000 jobs in July, strongly disappointing forecast for payrolls to rise by 80,000, with previous month’s figure being downwardly revised to 20,000 from initially reported 57,000 increase.
Sharp…
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DOLLAR INDEX – bears take a breather but expected to hold grip while 100 barrier caps
The dollar index moves within a narrow consolidation above seven-week low and remains biased lower, following last week’s sharp fall (down 1.5% for the week).
Near-term action was so far contained by daily cloud base / 50% retracement of…
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BRENT OIL – near-term action in sideways mode, technical picture remains bearish, traders…
Brent price holds within a narrow consolidation for the second straight day, following Tuesday’s massive losses (down over 6% for the day), but the action stays under psychological $80 barrier with upticks capped by 200DMA ($80.73) and the…
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GOLD price jumps and violates key barriers on fresh US-Iran peace hopes
Gold price rose over 3% and hit the highest in nearly six weeks on Wednesday, lifted by fresh wave of optimism over a peace talks between the US and Iran, which eased inflation concerns and deflated the US dollar.
This was so far the…
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EURUSD – bulls faced headwinds but remain in play while 1.1500 support holds
EURUSD remains constructive and holding above 1.1500 mark (round-figure / broken upper bull-channel boundary) for the fourth consecutive day, despite Monday’s pullback from new highest since June 17 that warned of potential stall of the…
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Japanese yen rallies for the third straight day against US Dollar and Euro
USDJPY edged higher from new lowest level in almost three months, following three-day sharp fall on coordinated intervention by Japan’s authorities and US central bank, to support weakening yen.
Massive intervention buying lifted yen…
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Oil price falls on fresh US-Iran peace deal optimism
Brent price fell $7 on gap-lower opening on Monday, deflated by the latest de-escalation in the Middle East after President Trump called off the latest planned attack on Iran and announced fresh round of peace talks starting today.…
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USDJPY consolidates after sharp post-intervention fall; key supports still hold
USDJPY consolidates within a wide range on Friday after falling over 3% after intervention of Japan’s authorities, aiming to support weakening yen on Thursday.
Friday’s action moves within daily Ichimoku cloud (158.49/160.59) shaped so…
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