Eastern European EMs highly correlated to Ruble
Where can traders turn if they are interested in taking advantage of the move in USD/RUB? They can look west to USD/PLN, USD/HUF and USD/CZK.
Source: cityindex.co.uk
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Is WTI Crude Oil on its way to 109
If price does pullback, it doesn’t mean it can’t go higher later, possibly even towards the double bottom target near $109.
Source: cityindex.co.uk
US Core PCE still hot is 50 bps in the cards
The Fed's favorite measure of inflation (Core PCE) was 5.2% YoY vs and expectation of 5% YoY and 4.9% YoY in December.
Source: cityindex.co.uk
COVID-19 cases in Washoe County continue to decline
In Washoe County, the seven day moving average of infections is going down, with about 70 new cases per day. Its the lowest rate since July.
United States Washoe County Kevin Dick Nevada State Lab Washoe County Health Washoe County Health Officer
Source: 2news.com
US Dollar soars on Russian invasion
Look for the technical levels to see where price may pause or even reverse!
Source: cityindex.co.uk
RBNZ hikes GBPNZD gets wacked
The RBNZ hiked rates 25bps to 1.00% and gave a rather hawkish outlook to its guidance moving forward.
New Zealand Large Scale Asset Purchase New Zealand Dollar New Zealand Dollar The Moving Average Forward Guidance
Source: cityindex.co.uk
EU CPI confirmed but war headlines dominate EURUSD
Inflation is playing second fiddle when it comes to news these days.
Source: cityindex.co.uk
Could housing be the next shoe to drop
Are home buyers rushing to buy ahead of a rise in interest rates?
Housing Starts December This July Today Existing Home Sales Year Mortgage Rate Case Schiller Home Prices
Source: cityindex.co.uk
GBPUSD moves higher as jobs and inflation data stronger
As the markets are looking for a 25bps hike already, they may begin pricing in a 50bps hike. If so, GBP/USD so continue to move higher.
Interest Rate Decision January Claimant Count Average Hourly Earnings Yoy With Moving Average Gbp Usd
Source: cityindex.co.uk
Gold higher on Russia Ukraine geopolitical uncertainty
Markets strongly dislike uncertainty and therefore, Gold has moved higher. However, that can all change when the next headline hits the wires.
Source: cityindex.co.uk