Latest Market News: 15th August 2023
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Some very good news on US Inflation Expectations. For the year ahead declining to 3.5% in July. This is a significant drop from 3.8%, and finally is exactly what the Federal Reserve wants to be seeing.
The lack of yield decline following the US CPI report last Thursday underscores the strong backing for US yields, which is expected to persist in the near future. The support for yields has been buoyed by higher-than-anticipated PPI data on Friday.
The week ahead is going to be relatively quiet regarding central bank speakers with the summer vacation period leaving the speaking calendar very light. Fed President Kashkari speaks tomorrow at 4pm BST – that’s it this week.
Watch the video for the key trading levels for the week ahead for USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD.
Join Senior Market Strategist & Trading Mentor Duncan Cooper FX as he watches price levels on the?USDJPY?daily and 15-minute charts.
Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the?GBPJPY?daily and 15-minute charts.
Dive into the world of market insights with Luca dos Santos Lopes as he delves into the RBA Meeting Minutes and its impact on the AUDUSD and AUDCHF pairs.
China Slows PBOC Cuts by Clifford Bennett
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Disclaimer: Trading involves risk.