Forex Today: Markets now look at further US data, Fed rate cut bets
The selling pressure remained well in place around the Greenback, which saw its weekly corrective decline gather extra pace after US inflation tracked by the CPI matched market consensus in December.
DollarIndex
Fed
EURUSD
Currencies
Fed's Beige Book. Economic activity increased slightly to moderately
Fed's Beige Book for January 2025
Fed
US Dollar gives up ground as markets asses inflation data
The US Dollar (DXY) turns this week into a firm loss, eking out more weakness on Wednesday.
DollarIndex
SEO
Currencies
More from Fed Williams:Doesn't say high yields reflecting big inflation view shift
More from New York Fed Pres. Williams
Fed
Dow Jones Industrial Average climbs 800 points after US CPI inflation print
The Dow Jones Industrial Average (DJIA) climbed around 750 points at its peak on Wednesday, pushing into the bullish side to pass back through the 43,000 handle before getting hung up on the 50-day Exponential Moving Average (EMA).
DowJones
Equities
SEO
CPI
Fed's Goolsbee: I still see continued progress on inflation
Chicago Fed Pres. Goolsby speaking (dove)
Fed
President-elect Trump: "We have a deal for hostages in the Middle East"
He adds: "They will be released shortly"
USD
Fed’s Williams: Inflation expectations are anchored
Federal Reserve Bank of New York President John Williams noted on Wednesday that the Fed's future monetary policy decisions will depend heavily on economic data.
Fed
CPI
Inflation
UnitedStates
DollarIndex
Fed's WIlliams; Monetary policy data dependent in highly uncertain environment
NY Fed Pres. Williams discusses data-driven monetary policy in face of uncertainty.
Fed
Russia Consumer Price Index (MoM): 1.3% (December) vs previous 1.43%
Russia Consumer Price Index (MoM): 1.3% (December) vs previous 1.43%
USDRUB
RussianFederation
CPI
Fed’s Barkin: Inflation is coming down
Richmond Federal Reserve President Thomas Barkin remarked on Wednesday that December’s US inflation data suggests price pressures are continuing to ease.
Fed
Inflation
CPI
DollarIndex
EURUSD
Weekly crude oil inventories show a drawdown of -1.962M versus a -0.992 million
Weekly inventory data from the EIA
Oil
United States EIA Crude Oil Stocks Change came in at -1.962M below forecasts (-1.6M) in January 10
United States EIA Crude Oil Stocks Change came in at -1.962M below forecasts (-1.6M) in January 10
Oil
UnitedStates
Fed Barkin: Inflation is coming down toward 2% target. Price pressures continue to ease
Richmond Fed Pres. Barkin is speaking
Fed
USD/JPY tumbles over 1% as US core inflation cools
The USD/JPY dropped over 1% in early trading during the North American session as inflation data in the United States (US) resumed its downward trajectory in core figures.
USDJPY
Currencies
Majors
Macroeconomics
Feds Kashkari: Tariffs themselves don't cause inflation, but retaliation more complicated
Minneapolis Fed Pres. Kashkari speaking
Fed
The core PCE is projected to have increased by 0.19% given the CPI/PPI data
Number crunching from Pantheon
USD
Canada manufacturing sales for November 0.8% versus 0.5% estimate
Kayla manufacturing sales and wholesale trade
CAD
United States Consumer Price Index Core s.a up to 323.38 in December from previous 322.66
United States Consumer Price Index Core s.a up to 323.38 in December from previous 322.66
UnitedStates
ConsumerSpending
United States Consumer Price Index (YoY) meets forecasts (2.9%) in December
United States Consumer Price Index (YoY) meets forecasts (2.9%) in December
UnitedStates
CPI
Inflation
US CPI YoY for December 2.9% versus 2.9% estimate. MoM 0.4% versus 0.3% estimate
US CPI data for December 2024
USD
US January Empire Fed -12.6 vs +3.0 expected
The New York area manufacturing survey for January 2025
USD
United States Consumer Price Index n.s.a (MoM) meets expectations (315.61) in December
United States Consumer Price Index n.s.a (MoM) meets expectations (315.61) in December
Prices
UnitedStates
CPI
United States Consumer Price Index (MoM) above forecasts (0.3%) in December: Actual (0.4%)
United States Consumer Price Index (MoM) above forecasts (0.3%) in December: Actual (0.4%)
UnitedStates
CPI
Inflation
Reuters poll: ECB to cut deposit rate by 25 basis points in January to 2.75%
77 of 77 economists are all in agreement
ECB
US CPI data due imminently. The ranges of estimates (& why they're crucial to know)
Unexpected US data results can significantly affect markets
Bonds
SPX
Nasdaq
USD
ForexLive European FX news wrap: UK inflation eases, markets eye US CPI report
Forex news from the European morning session on Jan 15, 2025
Session wrap
Wrap Europe
OPEC sees 2026 world oil demand keeping pace with their forecast for this year
The bloc continues to anticipate a much stronger outlook for global oil demand compared to others
Oil
US MBA mortgage applications w.e. 10 January +33.3% vs -3.7% prior
Latest data from the Mortgage Bankers Association for the week ending 10 January 2025
USD
US Dollar off the lows with dust settling over CPI releases
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is off the lows for now on Wednesday in the US Consumer Price Index (CPI) release aftermath. Numbers came in either in line or a touch softer than expected,
DollarIndex
Macroeconomics
UnitedStates
SEO
United Kingdom 10-y Bond Auction climbed from previous 4.332% to 4.808%
United Kingdom 10-y Bond Auction climbed from previous 4.332% to 4.808%
Bonds
UnitedKingdom
GBPUSD
Germany 30-y Bond Auction up to 2.84% from previous 2.55%
Germany 30-y Bond Auction up to 2.84% from previous 2.55%
EURUSD
Bonds
Germany
Breaking: US CPI increased as expected in December
The US Consumer Price Index is set to rise 2.9% YoY in December.
EURUSD
Inflation
CPI
SEO
Breaking
Eurozone November industrial production +0.2% vs +0.3% m/m expected
Latest data released by Eurostat - 15 January 2025
EUR
USD/JPY tumbles to near 157.00 as Yen strengthens after BoJ Ueda’s hawkish remarks
The USD/JPY pair falls sharply to near 157.00 in Wednesday’s European session.
USDJPY
BOJ
Fed
Inflation
DollarIndex
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