Tag Archives: Recession

US inflation expectations refresh monthly low near 2.43% after CPI release

US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, dropped to the lowest levels in two weeks after the US Bureau of Labor Statistics released downbeat figures of the US Consumer Price Index (CPI) for July on Wednesday. That said, the inflation precursor dropped to 2.43%… Read More »

USD/CHF slides to over one-week low, below 0.9500 mark ahead of US consumer inflation

USD/CHF turns lower for the third straight day and drops to a one-week low on Wednesday. Modest USD weakness exerts pressure amid growing recession fears and US-China tensions. Investors might refrain from placing aggressive bets and wait for the crucial US CPI report. The USD/CHF pair attracts fresh selling near the 0.9545 region on Wednesday… Read More »

USD/JPY struggles for direction, stuck in a range around 135.00 as traders await US CPI

USD/JPY lacks any firm directional bias and remains confined in a narrow trading range. Traders prefer to move on the sidelines ahead of the crucial US consumer inflation data. The Fed-BoJ policy divergence, meanwhile, continues to act as a tailwind for the major. The USD/JPY pair continues with its struggle to gain traction on Wednesday… Read More »

USD/CHF dribbles around mid-0.9500s as US inflation looms

USD/CHF picks up bids to reverse recent losses inside the daily trading range. US dollar traces yields ahead of the key CPI data amid recession woes, recently up hawkish Fed bets. Sluggish markets, light calendar amplified pre-data anxiety, equity futures stay indecisive. USD/CHF treads water around 0.9560, despite picking up bids ahead of Wednesday’s European… Read More »

Steel price dwindles as hopes of more output, less profits join cautious mood ahead of US CPI

Steel price retreats amid cautious markets, fears of less margin on the production front. Softer China inflation, economic slowdown concerns join pre-CPI anxiety to weigh on sentiment. The anticipated increase in output joins firmer coke prices to challenge profits of steel producers. Steel price tracks other commodities to the south as market players await the… Read More »