USD moves higher after higher than expected CPI data. Stocks lower. Yields higher

The USD has moved higher initially after the higher than expected CPI data.

• The EURUSD moved to a new session low at 1.0508 from a pre-level of 1.0546.
• The GBPUSD also moved to a new session low at 1.2301 from 1.2356. Both the EURUSD and GBPUSD are holding the natural support at 1.0500 and 1.2300 so far at least.
• The USDJPY is testing its 100 hour moving average at 130.401.
• The USDCHF moved back above its 100 hour moving average at 0.9901 and trades at 0.99 the 30. That is still down on the day 0.99577
• The USDCAD, AUDUSD and NZDUSD have all given up some of their gains but still remains higher on the day.
• The AUDUSD had risen up to test its 100 hour moving average near 0.7023. It currently trades at 0.6965
• The NZDUSD moved from 0.6344 down to 0.6312.
• The USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term is trading at 1.3012 after trading near 1.2970 prior to the report

Before the report, the equity futures were implying gains showing:

• Dow 283.
• Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term 173
• S&P 43.95

Currently,

• Dow is up 34 points
• S&P is unchanged
• NASDAQ is down -31 points

US yields are now higher:

• 2 year 2.688%, +6.6 basis points
• 5 year 2.973%, +5.5 basis points
• 10 year 3.024%, +3.1 basis points
• 30 year 3.146%, +2.0 basis points