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  • Going live shortly at the link below! Talking inflation, the Fed and what it all means for the $SPX and $NDX and $GLD https://t.co/E2HHhB5GWD
  • The Dollar's rebound following the CPI release is re-forming the 'right shoulder' on the $AUDUSD's Head-and-Shoulders pattern that has been developing throughout 2021. Run up started with the Mar 19, 2020 reversal low, so a lot to correct if 0.7550 eventually gives https://t.co/NrAU370cwl
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.06% 🇬🇧GBP: -0.35% 🇨🇭CHF: -0.59% 🇯🇵JPY: -0.71% 🇦🇺AUD: -1.22% 🇳🇿NZD: -1.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SqTzV7xT3f
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.18% Germany 30: 0.72% France 40: 0.64% Wall Street: -0.84% US 500: -1.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/t2cIOfCEmP
  • Hey traders! The top story is US inflation figures. What other data are we banking on? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/5g8GYPuFks
  • US Dollar bulls send the broader DXY Index sharply higher following red-hot inflation data. Get your market update from @RichDvorakFX here:https://t.co/27CGGOsTxh https://t.co/3uERS5kICD
  • Hey traders! The Top story is US inflation figures. What other data are we banking on? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/ziropKKK2E
  • I don't envy the Fed officials today. These headline and core CPI figures are going to be distressing. Maintaining the 'inflation is transitory' view is the central bank equivalency of HODL or diamond hands https://t.co/jm99h6f89u
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.70% Gold: -0.39% Silver: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bkkaIuBhqz
  • Ten-Year US Treasury yields breaking out above 165-basis points following notably hotter-than-expected inflation data this morning. Headline and core CPI both topped market forecast with readings of 4.2% and 3.0%, respectively. I previewed this scenario yesterday on @tradingview. https://t.co/Fgc0RZe2nw https://t.co/VHmkcuJm9p
Trading Video: Euro, Aussie and Pound Moves Face Their Own Unique Risks

Trading Video: Euro, Aussie and Pound Moves Face Their Own Unique Risks

John Kicklighter, Chief Strategist

Talking Points:

• The Greece standoff continues, but the Euro has refused to give up ground its its past two week rally

• An Aussie Dollar rally following RBA rate cut and Pound technical developments face fundamental trouble

• A global equities retreat has stirred 'risk aversion' interest, but conviction is not yet universal

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Some of the most prominent technical moves that have developed in the FX market recently run astray of traditional fundamental expectation. The Euro has advanced these past weeks despite Greece's troubled financial position finding no resolution. The Pound has triggered technical levels that would suggest more prolific moves despite the approaching volatility event in Thursday's UK election. And, the Australian Dollar rallied after the RBA cut its benchmark lending rate to a record low 2.00 percent. As the saying goes, "the market can remain irrational longer than we can remain solvent." That said, price strays from reason for only so long. Meanwhile, we have another early warning sign for underlying risk trends. We these developments in today's Trading Video.

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

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