Gold prices stay well bid above $3,350, underpinned by a softer US Dollar.Softer-than-anticipated headline inflation and slightly higher core readings keep the Fed rate outlook in focus, easing tariff-related inflation fears.The US Dollar Index … [Continue reading]
USD slides as focus returns to rates, spreads – Scotiabank
The US Dollar (USD) is weaker overall this morning and it is perhaps no great surprise, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. USD weaker as investors focus on Fed, rates, data challenges"Yesterday’s US CPI report … [Continue reading]
Australian Dollar rises as US Dollar weakens on rising Fed rate cut expectations
The Australian Dollar holds ground as the US Dollar maintains its position after posting nearly 0.5% recently.Australia’s Wage Price Index rose 0.8% QoQ, as expected.The US Consumer Price Index rose 2.7% YoY, while the annual core CPI climbed by 3.1% … [Continue reading]
USD/CAD gathers strength to above 1.3750 after US CPI data
USD/CAD edges higher to around 1.3780 in Wednesday’s Asian session. US CPI for July rose 2.7% YoY, while the core CPI climbed 3.1% YoY. Lower crude oil prices weigh on the commodity-linked Loonie.The USD/CAD pair gathers strength to near … [Continue reading]
Ethereum Price Forecast: ETH eyes $5,000 as BitMine plans $24.5 billion offering
BitMine filed a Form 8-K with the SEC to expand its at-the-market offering from $4.5 billion to $24.5 billion.The filing comes after US spot ETH ETFs crossed the $1 billion mark in daily net inflows for the first time.ETH could set a new all-time … [Continue reading]
Gold Price Forecast: XAU/USD aims for lower lows amid risk-on flows
XAU/USD Current price: $3,349.60The US July Consumer Price Index showed inflation rose at an annualized pace of 2.7%.US President Donald Trump’s announcements add to the broad US Dollar weakness. XAU/USD struggles to regain the $3,350 level, as … [Continue reading]
United States Consumer Price Index Core s.a up to 328.66 in July from previous 327.6
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
DXY: CPI report can be a binary risk – OCBC
US Dollar (USD) traded a touch firmer overnight, but the moves were well within recent range. DXY was last at 98.50 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Sideways trading in the interim"Range-bound trade suggests that … [Continue reading]
GBP/USD steadies below 1.3450 following BRC Like-For-Like Retail Sales, UK labor data eyed
GBP/USD holds ground ahead of UK labor market data release due on Tuesday.BRC Like-For-Like Retail Sales climbed 1.8% YoY in July, against the expected 2.1% increase.US inflation data is awaited that could influence the Federal Reserve’s interest … [Continue reading]
USD/CAD trades flat above 1.3750, all eyes on US CPI release
USD/CAD flatlines around 1.3775 in Tuesday’s early Asian session. Traders brace for the US July CPI, which is due later on Tuesday. Canada's economy shed over 40,000 jobs in July; the Unemployment Rate held steady at 6.9%. The USD/CAD … [Continue reading]