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Euro Parity Holds ahead of US CPI

July 13, 2022
Overview: The US dollar is consolidating with a slight downside bias ahead of the June CPI report. The euro held above $1.00 but is still pinned in the trough. The rate hike by the Reserve Bank of New Zealand failed to have much impact. On the other hand, the JP Morgan Emerging Market Currency Index is lower for the fourth consecutive session. Mos…
Euro Parity Holds ahead of US CPI Euro Parity Holds ahead of US CPI Reviewed by Marc Chandler on July 13, 2022 Rating: 5
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Euro Tests Parity

July 12, 2022
Overview: Equities remain under pressure as investors contemplate tighter financial conditions and the risks of recession. Most of the large equity markets in the Asia Pacific region sold-off, led by a 2.7% drop in Taiwan. Australia managed to buck the trend and managed a small gain. Europe’s Stoxx 600 is off by about 0.2% near midday after a 0.5%…
Euro Tests Parity Euro Tests Parity Reviewed by Marc Chandler on July 12, 2022 Rating: 5
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Monday Blues

July 11, 2022
Overview:  The US dollar is bid against most currencies today, encouraged not just by good news in the US and poor news out of China, where Covid is flaring up and new social restrictions are fared, while Macau has been lockdown for a week. The energy crisis in Europe is fanning fears of a recession before the ECB lift rates above zero. Japanese m…
Monday Blues Monday Blues Reviewed by Marc Chandler on July 11, 2022 Rating: 5
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Pendulum of Sentiment Swings Back against Imminent Recession Fears Despite Curve Inversion Pendulum of Sentiment Swings Back against Imminent Recession Fears Despite Curve Inversion Reviewed by Marc Chandler on July 10, 2022 Rating: 5
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Week Ahead: More US (Headline) Inflation and Consumption, and 75 bp Hike by Bank of Canada Week Ahead: More US (Headline) Inflation and Consumption, and 75 bp Hike by Bank of Canada Reviewed by Marc Chandler on July 09, 2022 Rating: 5
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