The markets are rocking and rolling after CPI data came in higher than expected.
EURUSD: The EURUSD moved back below its 100 and 200 hour moving averages near 1.0344, tilting the bias back to the downside. Stay below those levels is more bearish.
USDJPY:The USDJPY has moved above the 38.2% at 153.959 of the move down from the January high. The 50% and swing area at 154.77 to 154.967 is the next target. The price is at 154.36.
In the US debt market:
2 year yield 4.375 up 8.6 basis points10 year 4.618%, +8.2 basis points30 year 4.819%, +7.2 basis pointsLooking at the US stock market, futures implying sharply lower levels:
Dow -439 pointsS&P -62 pointsNASDAQ -250 pointsDecember is the first rate cut now (prior September)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us dollar moves higher yields higher stocks lower after stronger cpi data was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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