Forex Today: US Inflation Data Awaits

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Ethereum looks a little stronger, especially if it can get established above $3,250.

Over the short term, the EUR is strong while the AUD is weak. Over the longer term, there is a bullish trend in the US dollar., suggesting that the omicron variant wave may have already peaked worldwide.

 

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The US inflation data is still a threat to the overall market moodActivity on Fed fund futures hint that there is only about 20% chance of a 50bp hike from the Fed in March. There is room to bet for a more aggressive first rate hike from the Fed if inflation goes further out of control. RateHike FX Forex Trading
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US inflation expectations seesaw near weekly top with eyes on CPI dataUS inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, add to the market’s anxi
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Asia-Pacific Stocks Rise as Investors Await U.S. Inflation DataThe U.S. consumer price index report is set to be released Thursday stateside.
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US Treasury yields dwindle, S&P 500 Futures ignore Wall Street gains amid inflation anxietyUS Treasury yields dwindle, S&P 500 Futures ignore Wall Street gains amid inflation anxiety By anilpanchal7 RiskAppetite Inflation YieldCurve Equities Fed
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