Fxchi financial services .

14/02/2023

US Inflation Rate YoY (JAN) Forecast: 6.2% Previous: 6.5%
In the United States, unadjusted Consumer Price Index for All Urban Consumers is based on the prices of a market basket of: Food (14% of total weight); Energy (8%); Commodities Less Food & Energy Commodities (21%) and Services Less Energy Services (57%). The last category is divided by: Shelter (32%), Medical Care Services (7%) and Transportation Services (6%).
Core Inflation Rate YoY (JAN) Forecast: 5.5% Previous: 5.7%
In the United States, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes volatile food and fuel costs

14/12/2022

A recession is a period of time, normally two quarters, of economic activity where a country records negative growth (GDP). During these times, governments and their central banks ease financial conditions to boost spending and grow the economy. Recessions are normally short-lived before the economy returns to expansion

14/12/2022

The US Dollar clawed back some of the overnight losses in the Asian session. The prospect of a less hawkish Federal Reserve has been spurred on by yesterday’s data and sent the DXY (USD) index to a six-month low.
Headline US CPI was 7.1% year-on-year to the end of November rather than the 7.3% forecast. It remains well above the Federal Reserve’s inflation target of around 2%.
An easing of price pressures has led to speculation of the Fed stepping back from its tough tightening stance going into 2023. Treasury yields tumbled on the news with the benchmark 2-year note trading below 4.15% after trading at 4.44% earlier in the session.
A 50 basis point (bp) lift is widely anticipated by the Fed later today. The focus of the Federal Open Market Committee (FOMC) meeting will be on the language from Fed Chair Jerome Powell in the post-announcement press conference.
Aside from the Fed, the European Central Bank (ECB) and the Bank of England (BoE) will also be deciding on rates on Thursday. UK CPI today could impact the BoE’s deliberations.
APAC equities are mostly flat or slightly firmer after a solid lead from Wall Street in the aftermath of a relatively benign CPI print.
China delayed an economic forum meeting in Beijing due to increasing Covid-19 infections in the city. It highlights some of the hurdles that lie ahead for a re-opening of China.
Crude oil is slightly softer so far today with the WTI futures contract near US$ 75 bbl while the Brent contract is a touch above US$ 80 bbl. Gold has held onto overnight gains, trading near US$ 1,810.
Japan’s Tankan survey was mildly soft but Japanese core machines orders beat expectations coming in at 5.4% month-on-month for October. The Japanese Yen is one of the few currencies to make ground against the US Dollar today.
Alongside UK CPI and the Fed rate decision, several inflation gauges across Europe will be released. China will see a plethora of data on Thursday.
The full economic calendar can be viewed here.
{{GUIDE|HOW_TO_TRADE_}}

The DXY index sunk overnight but was unable to move below the June lows and the 260-day simple moving average (SMA) in the 103.42 – 103.67 zone. That area might continue to provide support.
On the topside, resistance could be offered at the previous peaks of 105.82, 107.20 and 107.99.
DXY (USD) INDEX TECHNICAL ANALYSIS

13/12/2022

Inflation is the rate of increase in prices over a set period of time. Central banks try and keep price growth at, or around, a certain level to prevent price shocks from disrupting the economy. A basket of weighted prices, such as the consumer price index (CPI), is commonly used to measure inflation

17/11/2022

Free Live Webinar - The Bollinger Bond
📅 1st December, 2022
🕑 8:00 PM GMT
In this Meeting, UTB TRADING FLOOR traders and researcher, will provide an INDEPTH UNDERSTANDING of how BOLLIGER BOND work and how to best utilize it in your daily trading. Join us on the link https://us02web.zoom.us/j/8033320156

16/11/2022

14/11/2022

week of harvest In the United Kingdom, the most important categories in the consumer price index are Transport (16 percent of the total weight) and Recreation and Culture (15 percent). Housing, Water, Electricity, Gas and Other Fuels accounts for 13 percent; Restaurants and Hotels for 12 percent and Food and Non-alcoholic Beverages for 10 percent. The index also includes: Miscellaneous Goods and Services (9 percent); Clothing and Footwear (7 percent); Furniture, Household Equipment and Maintenance (6 percent). Alcoholic Beverages and To***co; Health, Communication and Education account for remaining 11 percent of total weight

14/11/2022

Are you a Trader ready to smash a market ? this week is an opportunity , join us @ UTB TRADING FLOOR https://us02web.zoom.us/j/8033320156
Dates: 16TH , 17TH & 18TH for UK, Canada ,EUR and Japan CPI.
Verify your time

14/11/2022

In Canada, the most important categories in the CPI basket are Shelter (27.5 percent of the total weight) and Transportation (19.3 percent). Food accounts for 16.1 percent; Household Operations, Furnishings and Equipment for 11.8 percent; Recreation, Education and Reading for 11.8 percent; Clothing and Footwear for 5.7 percent; Health and Personal Care for 5 percent; Alcoholic Beverages and To***co Products for the remaining 3 percent. The CPI basket is reviewed every four years on the basis of household surveys.