Tag Archives: CPI
Dollar Slips on Weaker Labor Market and Rising Inflation
The U.S. dollar weakened on Thursday as investors assessed data indicating both labor market softness and a slight rise in consumer prices, which suggests that the Federal Reserve may continue cutting interest rates. According to data from the Labor Department, the consumer price index (CPI) increased by 0.2% in September. However, on a year-over-year basis […]
Canadian Dollar Slips on Weaker CPI Data
On Tuesday, the Canadian dollar edged lower against its U.S. counterpart as U.S inflation data led some investors to speculate that the Bank of Canada might align with a potential substantial interest rate cut by the Federal Reserve. Canada’s annual inflation rate slowed to 2% in August, down from 2.5% in July, aligning with the […]
Focus on S&P 500 today – 12th SEP 2024
Focus on S&P 500 today – 12th SEP 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the S&P 500 for SEP 12, 2024. Key Takeaways Technical Analysis Daily Chart Insights (S&P500 Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (S&P500 H1 Price Chart, Source: Ultima Markets MT4) Pivot […]
U.S. Dollar Rallies as Stronger CPI Data Ignites Market Optimism
On Wednesday, the data revealed that the U.S. Consumer Price Index (CPI) rose by 0.2% last month, mirroring the increase seen in July. Over the past 12 months ending in August, the CPI grew by 2.5%, marking the slowest annual increase since February 2021 and down from the 2.9% gain in July. However, when excluding […]
China Yuan dipped on Softer CPI and PPI data
Consumer prices in China rose in August at the fastest rate in six months, driven by higher food costs stemming from weather disruptions. The consumer price index (CPI) increased by 0.6% year-on-year, compared to 0.5% in July, but fell short of the 0.7% forecast. (China CPI y/y Chart, Source: Forex Factory) Meanwhile, the producer price […]
Euro Falls on Soft CPI, ECB Rate Decision Remains Cautious
On Thursday, Germany’s inflation rate y/y for August decreased to 1.9%, down from 2.3% in July. Similarly, Spain’s inflation rate y/y for August dropped to 2.2% from the previous 2.8%. This led to a decline in the Euro, with EUR/USD closing at 1.0770 after falling 0.38%. (EUR/USD Daily Price Chart, Source: Trading View) European Central […]
Australian Dollar Surges on Stronger-than-Expected CPI Data
On Wednesday, the AUD/USD pair surged past 0.6800 level, marking its 8-month high. This was mainly due to the year-over-year CPI data rose by 3.5% in July, easing from 3.8% in June and surpassing expectations of 3.4%. (Australia CPI y/y Data, Source: Forex Factory) As a result, this stronger-than-anticipated data prompted markets to slightly reduce […]
Focus on AUDUSD today – 27th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for AUG 27 2024. Key Takeaways Technical Analysis Daily Chart Insights （AUD/USD Daily Price Chart, Sources from Ultima Markets MT4) H1 Chart Insights (AUD/USD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator (AUD/USD 30Minutes Price Chart, Sources from Ultima […]
Focus on USDCAD today – 24th July, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for July 24, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USDCAD today – 16th July, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for July 16, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
