UK inflation data beats market expectations rising to 11.1%
British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and transport prices in a worsening cost-of-living crisis, according to official data. The Consumer Prices Index hit 11.1 percent in October, reaching the highest level since 1981, the Office for National Statistics (ONS) said in a statement on Wednesday.
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AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, USDCAD, USD Index, Gold, & S&P 500 Analysis.
Check Below the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, Gold, and S&P 500.
European stocks mixed; investors digest missile strike, UK CPI, corporate earnings
European stocks fell at the opening as investigations continued into the origin of a missile strike on Poland overnight that killed two people amid a Russian bombardment of Ukraine and investors digested the highest UK inflation figure for 41 years.
Mohicans markets：MHM Today News
On Wednesday, November 16, as the Polish missile explosion cooled down, the market demand for risk aversion declined, and the dollar index broke the 106 mark in the session. After the release of the unexpected US retail sales data, it rebounded, returned to above 106, and finally closed 0.27% lower at 106.28.
Early Morning Call: equity markets hesitant as DAX enters bull market
European equity markets aren't showing any real direction after the German DAX entered bull market territory.
Mohicans markets：11.16-MHM European Perspective
On Wednesday, November 16, Beijing time, during the Asian/European session, spot gold fluctuated in a narrow range, at present, it is trading near 1774 dollars/ounce. The report that Russian missiles fell into Poland, a NATO member, causing two deaths touched people's hearts.
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Mohicans markets ：MHM Today News
On Tuesday, November 15, the US dollar index fell by more than 1% in the day, hitting a three-month low, as the US economic data fell short of expectations and strengthened the prediction that inflation would peak and the Federal Reserve would slow down interest rate hikes.
Brent crude and US natural gas prices under pressure while gold surge continues
Outlook on Brent crude oil, gold and US natural gas amid a sliding US dollar.
EUR/USD and GBP/USD move up while USD/JPY remains stuck below 100-day SMA
The euro and sterling have moved up against the dollar, with the pound boosted by wage data this morning. USD/JPY is holding steady just below the 100-day SMA.
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Mohicans markets：MHM Today News
On Monday (November 14), the US dollar index rebounded above 107, but after Fed officials said they might soon slow down the pace of interest rate hikes, the US dollar index's rise narrowed, and finally ended up 0.44% at 106.88.
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Mohicans markets：11.14-MHM European Perspective
On Monday, November 14, Beijing time, during the Asian European session, spot gold weakened after opening low. At present, it is trading at US $1759.02 per ounce. Therefore, the former gonveror of the Federal Reserve said that the anti inflation stance has not been "softened", helping the yield of the US dollar and US debt rebound, thus putting pressure on the gold price.
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Mohicans markets：MHM Today News
Resumption of global market trendLast Friday, on November 11, the US dollar index continued to fall. At one point in the day, it fell nearly 2%, and closed 1.41% lower at 106.41. Last week, it fell nearly 4%, hitting a new low in nearly three months. The onshore RMB closed at 7.1106 against the US dollar at 16:30 on November 11, up 1368 points from the previous trading day. The US debt market was closed on Friday for the Veterans' Day holiday.
Mohicans markets ：November 11, 2022--MHM European Perspective
On Friday, November 11, Beijing time, spot gold shocks higher in the Asian and European trading sessions, extending overnight gains, once hit nearly two and a half months high to $ 1762.98 per ounce. Because overnight U.S. data show that the impact of slowing inflation further fermented, the Federal Reserve officials also publicly expressed support for slowing the pace of interest rate increases.
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Mohicans markets：MHM Today’s News
On Thursday, November 10, after the release of U.S. inflation data, the U.S. index continued to dive below 108, closing down 2.336% at 107.87, which was the largest single-day decline in more than 10 years.