Core inflation has stabilized, yet financial markets show varied reactions. Who is really paying attention? Explore the impact on bonds, the U.S. dollar, and the S&P 500 as the Fed prepares for its next rate cut.

The Canadian dollar initially tried to rally against the yen, but then fell rather hard as we continue to see a lot of volatility.

Wave 3-grey has ended as a five-wave, and wave 4-grey is unfolding to push lower. Its target could be around the 130.53 area. Then wave 5-grey could return to push higher. I will analyze in more detail on the 4H chart.

EUR/USD finds temporary support near 1.0900 as the Euro outperforms its major peers. The Euro gains despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures.