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USD volatility expected with CPI data

Market Movements

February 14, 2018

 

europe market movements

Europe Market Movements

The GBP saw gains against the USD after the CPI release yesterday swinging up from 1.3896 at 9.25 GMT up to 1.3923 three hours later. With no events in the UK today, the markets are now waiting for the US CPI and Core CPI releases this afternoon which will probably also influence Federal Reserve interest rate policy. EUR traders for their part, are looking at the Gross Domestic Product data for EUR volatility.

 

US Indicators

US Market Movements

Other than the US CPI and Core CPI releases, which as said, will probably move the USD, the weekly oil inventories report usually affects the loonie. The USDCAD fell from a high of 1.26 yesterday afternoon to 1.261 to 1.257 this morning. Watch out for movement on this front.

 

 

Asian indicators

Asia/Oceania Market Movements

Asian indices are mixed today with the Nikkei 225 falling by 1.33% and the Australian S&P/ASX 200 by 0.27%. The Kospi has risen by 0.68% as has the Hang Seng by 0.77%. On the whole, Asian markets are quiet today as we approach the Chinese New Year tomorrow.

 

 

commodities

Commodities

OPEC has been cutting production to stabilize Crude prices but surging US oil production could soon equal global demand growth which will inevitably affect oil prices. Today’s EIA report will probably move WTI and Brent prices. A weaker USD has boosted gold prices, keep an eye on today’s data.

 

 

Shares

Cisco and Groupon will be announcing their quarterly earnings today. Company stocks do respond so make sure you trade Cisco and Groupon today.

 

 

Today’s Events

10:00 GMT EUR: Gross Domestic Product
13:30 GMT USD: Retail Sales ex Autos; Consumer Price Index
15:30 GMT USD & CAD: EIA Crude Oil Stocks

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