The dollar rose before the US CPI data was released, technical analysis of EUR/USD, USD/JPY, and GBP/USD

This article will analyze the technical prospects of the three US dollar currency pairs EUR/USD, USD/JPY, and GBP/USD.

FX678 Finance12:54 ET

US Dollar Gains Ahead of US CPI Data; Setups on EUR/USD, USD/JPY, GBP/USD

DailyFXMay 10 11:45 ET

GBP/USD Price Analysis: Struggles at 200-DMA, Retreats Toward 1.2500

GBP/USD erased its earlier gains as buyers failed to reclaim 200-DMA.

FXStreetMay 10 11:14 ET

Consumer confidence in Michigan in the US unexpectedly plummeted in May, and short-term inflation expectations soared

Consumer confidence at the University of Michigan in the US in May unexpectedly fell far short of expectations. It fell sharply from April, and fell sharply from April. The monthly decline was the biggest since August 2021. Consumer expectations for short-term inflation have risen sharply, and so have long-term inflation expectations. Confidence has plummeted as people worry about inflation and the job market.

wallstreetcnMay 10 10:02 ET

I am convinced that the Federal Reserve will cut interest rates this year, and this investment company is betting heavily on the residential mortgage market

The Zhitong Finance App learned that an investment company that deals in assets, mortgage-backed securities, and corporate debt is betting heavily on the residential mortgage market, where prices have dropped sharply, because the company expects the Federal Reserve to start cutting interest rates later this year. Scott Burg, chief investment officer of Deer Park Road Management Co. said in an interview that the Steamboat Springs, Colorado-based money management company has raised $170 million for its first mortgage opportunity fund. According to information, the company was in 2008

Zhitong FinanceMay 10 09:30 ET

Technical analysis of EUR/USD, GBP/USD and US dollar indices

The number of first-time jobless claims in the US surpassed expectations, rising to 211,000, indicating a possible economic slowdown. The pound showed mixed economic signals, with GDP growing unexpectedly by 0.6%, but construction output falling. The upcoming FOMC member speeches and major economic reports will shape future market trends.

FX678 FinanceMay 10 07:08 ET