Will Australia’s February CPI reinforce the RBA hawkish expectations?

Will Australia’s February CPI reinforce the RBA hawkish expectations?

The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for February on Wednesday at 00:30 GMT, with inflation expected to hold steady at 3.8% YoY and come in flat on a monthly basis. This release comes as the Reserve Bank of Australia (RBA) has already raised its key rate to 4.10%, […]

US Dollar rebounds towards 159.00 as bulls target 160.00

US Dollar rebounds towards 159.00 as bulls target 160.00

USD/JPY resumes its upward trajectory on Tuesday after testing the 20-day Simple Moving Average (SMA) at 158.10 on Monday, rising towards 159.00, posting gains of over 0.14%. USD/JPY Price Forecast: Technical Outlook The USD/JPY remains bullish-biased, even though Monday’s reversal opened the door to testing lower prices, such as the March 5 pivot low at […]

EUR/JPY holds as Eurozone PMI weakens and Japanese inflation softens

EUR/JPY holds as Eurozone PMI weakens and Japanese inflation softens

The EUR/JPY cross is trading in a neutral zone near 184.00 after the Eurozone Purchasing Manager Index (PMI) data indicated a significant loss of economic momentum in the region. The Eurozone Composite PMI dropped to 50.5 from 51.9, marking a 10-month low, while the Services PMI fell to 50.1 from 51.9. However, Manufacturing provided some […]