search

An incredible cashback rate!
40% of the spread!

Join Now

All Eyes on the Future of the U.S. Dollar, Which Rallied on the Back of Stable U.S. Core CPI

Market Report

  1. homeHOME
  2. Market Report
  3. All Eyes on the Future of the U.S. Dollar, Which Rallied on the Back of Stable U.S. Core CPI

All Eyes on the Future of the U.S. Dollar, Which Rallied on the Back of Stable U.S. Core CPI

14.02.2024

Today's Highlights
  1. UK Retail Sales
  2. U.S. Weekly Crude Oil Inventories

In the U.S. currency market yesterday, the U.S. dollar emerged as the strongest currency after the January U.S. CPI, released yesterday, showed a year-over-year decline from 3.4% the previous month to 3.1%, while the core CPI remained unchanged at 3.9%.The EUR/USD pair fell from 1.0799 to 1.0700, hitting a new low for the year. On the weekly chart, the RSI for EUR/USD is trending downward and has formed a bearish pattern, so traders should remain cautious of a continued decline.

In contrast to the rising USD/JPY, the CHF/JPY fell sharply. The CHF/JPY dropped from 170.876 to 169.398.Although it avoided hitting a new low for the month, it still posted a significant decline of more than 1 yen. Since the CHF/JPY pair has already broken below the 20-day moving average on the daily chart and the RSI is trending downward, we should watch to see if the Swiss franc will decline further during European trading hours.

Today, the New Zealand Food Price Index will be released at 6:45, followed by the Indian Wholesale Price Index at 15:30, the UK Consumer Price Index, UK Retail Sales, UK Producer Price Index, and Norwegian GDP at 16:00, Hungarian GDP at 16:30,7:00 PM: Eurozone GDP and EurozoneIndustrial Production, at 21:00 the U.S. MBA Mortgage Applications Index, at 24:00 the Canadian Consumer Sentiment Index and remarks by Bank of England Governor Bailey, at 24:30 U.S. weekly crude oil inventories, and at 25:00 the Russian Consumer Price Index.We will be closely monitoring the future direction of the U.S. dollar, which rose following the release of the U.S. core CPI data.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

It may be worth keeping an eye on the upside potential of cross-yen pairs, which are generally on the rise.

Next Article

Should we keep a close eye on the trends in cross-yen pairs, which are generally seeing the yen regain strength?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications on price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

Return to Notification Settings