The markets are rocking and rolling after CPI data came in higher than expected.
EURUSD: The EURUSD moved back below its 100 and 200 hour moving averages near 1.0344, tilting the bias back to the downside. Stay below those levels is more bearish.
USDJPY:The USDJPY has moved above the 38.2% at 153.959 of the move down from the January high. The 50% and swing area at 154.77 to 154.967 is the next target. The price is at 154.36.
GBPUSD: THe GBPUSD is back below its 100 and 200-hour MAs at 1.24098 to 1.24191. The price is back near the swing area and the broken 38.2% of the move up from the January low. That area comes in at 1.23515 and 1.2377.
Needless to say, the Fed has no choice but to keep things where they are or even think both ways with tariff inflation a potential concern. Of course
In the US debt market:
- 2 year yield 4.375 +8.6 basis points
- 10 year 4.618%, +8.2 basis points
- 30 year 4.819%, +7.2 basis points
The 10 year yield has moved to the highest level since January 24. The high for the year reached 4.809% back on January 14.
Looking at the US stock market, futures implying sharply lower levels:
- Dow -439 points
- S&P -62 points
- NASDAQ -250 points
December is the first rate cut now (prior September)
WSJ Timiraos is out tweeting:
#dollar #moves #higher #Yields #higher #Stocks #stronger #CPI #data #Forexlive
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
