Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

MIDDAY BRIEF – Traders eye US CPI data

by Nathan Batchelor
10 February 2023
in Markets
0
Today’s US CPI data sends the US dollar lower
458
SHARES
16.9k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The Yen strengthened as Kazuo Ueda, former BoJ policymaker, is likely to be the next BoJ governor. The UK avoided a recession as the country’s economy showed zero growth in the final quarter of 2022. Headline inflation in China eased in January although monthly inflation rose more than expected.

AUDJPY declined by -0.85% despite the hawkish RBA statement. The central bank warned of further tightening after raising its key rates by 25bps on Tuesday to 3.35%. The impact of this statement was weighed down by downbeat inflation data from China. Headline inflation in China slumped to 2.1% against a survey of 2.2% while the producer prices dropped to -0.8% vs -0.5% expected.

The Japanese Yen rose on reports that the Government is seeking an alternative to Masayoshi Amamiya who firmly declined the offer to become the Bank of Japan’s next Governor. The pair got rejected from the 91.50 high and supported by 90.20. A break below may renew bearish targets at 89.50 and 88.00.

GBPUSD traded -0.07% close to the 1.2100 mark after mixed data from the UK. The UK Gross Domestic Product came in line with estimates of 0.0% [QoQ] Q4 and 0.4% yearly figure. The monthly data, however, contracted to -0.5% vs -0.3% survey.

The production sector in the country realized more growth in December than anticipated at -5.7% vs -6.1% for industrial production and 0.0% vs -0.2% for manufacturing production. Focusing ahead, BoE’s Huw Pill will be speaking along with the release of the Michigan consumer sentiment. The cable fell from the 1.2140 intraday high and may be challenged by the 1.2050 low.

EURCAD dipped -0.49% from 1.4400 resistance ahead of Canada’s employment data. Statistics Canada is expecting only 15 000 people to have been employed in January against 104,000 people in the previous month. The unemployment rate is expected to rise to 5.1% from 5.0%. The commodity currency also benefited from rising oil prices on the day. A move below 1.4350 may sustain the bearish run to 1.4250. Looking ahead, ECB’s Isabel Schnabel will deliver a speech.

European stocks fell on Friday as recession fears grew after zero growth in the UK. The UK100 fell -0.32% from the 7913 high and is still challenged by the 7700 low. The CAC40 lost -0.59% after establishing a high at 7180 and sliding towards a 7100 psychological low and a 7000 low. The DAX dropped -0.68% falling towards 15200 from 15500.

US stock futures followed the European shares’ mood to end the week. US500 futures slumped by -0.61% seeking to revisit the 4000 low in the near term. US30 futures were down -0.27% from 33760 and may be challenged by 33300. US100 futures tanked by -1.16% as tech companies lead job cuts. Bulls are capped by 12400 and a few ticks away from the 12200 resistance-turned-support.

Additionally, gold prices ticked up on Friday as the greenback steadied ahead of the highly anticipated inflation data due next week. As of writing XAUUSD was up +0.12% trading between $1872 high and $1852.80 low. An extended move lower may set near-term targets at $1820 and $1800.

Tags: AUDJPYBOJEURCADGBPUSDGOLDStocks
Previous Post

Market Wrap – Markets digest earnings and jobs data

Next Post

Gold Technical Analysis – Strong signs

Next Post
Gold Technical Analysis – Strong signs

Gold Technical Analysis - Strong signs

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo