Share: Gold price sits at multi-day highs near $2,030 ahead of the Fed Minutes. US Dollar stays weak with the US Treasury bond yields, despite a tepid risk tone. Gold buyers flex muscles after recapturing 21-day SMA near $2,025. RSI flips … [Continue reading]
NZD/USD snaps the five-day winning streak above 0.6160, FOMC Minutes eyed
Share: NZD/USD trades on a softer note near 0.6162 in Wednesday’s early Asian session. Investors have priced in four rate cuts in 2024, beginning in June. The New Zealand Producer Price Index (PPI) Output Q4 came in at 0.7% QoQ versus 0.8% … [Continue reading]
USD/CAD dips and rallies after Canadian CPI inflation recedes faster than expected
Share: USD/CAD saw early declines before getting bolstered by a weak Canadian CPI. Canadian CPI inflation fell to 2.9% from the previous 3.4% YoY. Wednesday’s FOMC Meeting Minutes in the barrel as investors focus on rates. USD/CAD fell to a daily … [Continue reading]
Breaking: Canada CPI inflation falls to 2.9% vs. 3.3% expected
Share: Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), softened to 2.9% on a yearly basis in January from 3.4% in December, Statistics Canada reported on Tuesday. This reading came in below the market expectation of … [Continue reading]
South Africa Unemployment Total rose from previous 7.849M to 7.895M in 4Q
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]
USD/CAD holds above the 1.3500 mark ahead of Canadian CPI data
Share: USD/CAD edges higher to 1.3506 amid the firmer USD. Investors trimmed their bets on rate cut expectations from the Fed as the US January PPI data came in hotter than estimated. Canada’s January CPI report will be released on … [Continue reading]
RBA Minutes: Consider a hike of 25bp or an on hold decision
Share: The Reserve Bank of Australia (RBA) published the Minutes of its February monetary policy meeting on Tuesday, highlighting that the Board members decided the case for steady rates was the stronger one at this meeting. Additional … [Continue reading]
Bitcoin price coils up for a 10% breakdown amid Presidents’ Day market lull
Share: Bitcoin price has consolidated below the $52,768 roadblock for almost a week amid buyer momentum exhaustion. BTC could drop 10% to the most critical Fibonacci level, 61.8% at $47,445, a formidable blockade between January 8 -12. Invalidation … [Continue reading]
US Dollar trades sideways with US bond and futures markets closed for business
Share: The US Dollar trades flat on Monday with US traders enjoying the long weekend. Markets are digesting geopolitical headlines out of Gaza and the broader Middle East. The US Dollar Index tests 104 again and could slide below with the US … [Continue reading]
Eurozone: Inflation will be higher in the future than the 2.2% average between 2002 and 2007 – Natixis
Share: Inflation in the Eurozone will be higher in the future than between 2002 and 2007 – when averaged 2.2%, analysts at Natixis say. Medium-term inflation will determine the level of nominal and real interest rates Average inflation in the … [Continue reading]