We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
U.S. Dollar Tumbles as February CPI Surges on Rising Gasoline

U.S. Dollar Tumbles as February CPI Surges on Rising Gasoline

2012-03-16 13:48:00
Trang Nguyen,

THE TAKEAWAY: U.S. Consumer Price Index Rose 0.4 percent in February> A Jump in Gasoline Price Accounted for Over 80 Percent of Change in All Items Index > U.S. Dollar Slip vs. its Major Peers

U.S. inflation rose the most in 10 months in February on recent rises in energy costs, consistent with Fed Chairman Ben Bernanke’s statement at a congressional panel on Wednesday that rising gasoline prices will create “temporary jump” in inflation while reducing American’s purchasing power. The seasonally adjusted consumer price index for all urban consumers rose 0.4 percent last months, the U.S. Bureau of Labor Statistics reported today. The reading matched consensus forecast from Bloomberg News survey. Over the last twelve month, the index edged up 2.9 percent. The less volatile figures which exclude food and energy rose 0.1 percent on a monthly basis and 2.2 percent on a yearly basis, in line with economists’ expectations. Since inflation outside of food and energy is slowing, inflationary pressures in the U.S. economy remains subdued.

U.S. Consumer Price Index (YoY): June 2010 to Present

031612_US_Consumer_Price_Index_February_body_Chart_2.png, U.S. Dollar Tumbles as February CPI Surges on Rising Gasoline

Prepared by Trang Nguyen

A surge in the cost of living in the U.S. in February was mainly attributable to a jump in gasoline. The gasoline index sharply mounted last month, accounting for more than 80 percent of the change in all items index. Despite a fall in natural gas price (-9.8%), the gasoline increase (+12.6%) pushed the energy index 3.2 percent higher. Meanwhile, the food index remained unchanged in February, with the food at home index having been flat for the second straight month. Besides, the indexes for new vehicles, medical care and household furnishings and operations all advanced while index for apparel, recreation, used cars and trucks, and tobacco all declined.

AUDUSD 1-minute Chart: March 16, 2012

031612_US_Consumer_Price_Index_February_body_Picture_1.png, U.S. Dollar Tumbles as February CPI Surges on Rising Gasoline

Charts created using Strategy Trader– Prepared by Trang Nguyen

In the minutes following the Consumer Price Index report, the U.S. dollar loses its footing versus most of its major trading partners. As can be seen from the 1-minute AUDUSD chart above, the currency pair immediately jumped approximately 60 pips from 1.0530 to 1.0590 within thirty minutes. TheRelative Strength Indicatorcrossing above 70-level, an overbought territory, indicated that forex trading crowd aggressively buy in Australian currency while reducing their greenback holdings. At the time this report was written, the reserve currency tumbled 0.46 percent versus the aussie, trades at A$0.9454.

--- Written by Trang Nguyen, DailyFX Research Team for DailyFX.com

To contact Trang, email tnguyen@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.