The USD moved lower after the US CPI report but is rebounding as the market digests the data. Overall the numbers came in about as expected. The services placement was higher than the goods inflation which is good and bad in that goods inflation (0.2%) was not showing a run higher from tariffs. But that may still show up later, and services inflation remains high (at 0.4%)
The US stocks are higher in premarket trading with the S&P up 30 points, and the NASDAQ up 99 points. The Dow industrial average is up 177 points.
US yields initially moved lower, but have reversed back to the upside.
- 2-year yield is unchanged at 3.753%
- 5 year yield 3.839%, +1.8 basis points
- 10 year yield 4.300%, +2.7 basis points
- 30 year yield 4.882% , up four point basis points
The video above takes a technical look at the major currency pairs including the:
- EURUSD
- USDJPY
- GBPUSD
- USDCHF
- USDCAD and
- AUDUSD
Get caught up and understand the bias (bullish or bearish), risks and targets for each major currency pair.
