Higher-than-anticipated United States inflation maintained bets of a 50 bps cut subdued. The European Central Bank will announce its decision on monetary policy on Thursday. The EUR/USD pair may correct from its recent low, but the bearish case … [Continue reading]
EUR/USD turns sideways near 1.0950 with US PPI in focus
EUR/USD trades back and forth near 1.0950 as investors await the US PPI for fresh cues on the Fed’s interest rate outlook. The Fed is expected to cut interest rates by 25 bps in November. The Euro gains despite firm ECB dovish bets amid a … [Continue reading]
EUR/GBP remains firm above 0.8350 following German inflation, UK GDP data
EUR/GBP gains traction to near 0.8380 in Friday’s early Asian session, up 0.11% on the day. The German HICP inflation remained steady at 1.8% YoY in September, as expected. The UK GDP expanded 0.2% MoM in August, matched estimates. … [Continue reading]
Argentina Consumer Price Index (MoM) in line with forecasts (3.5%) in September
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]
New Zealand Business NZ PMI climbed from previous 45.8 to 46.9 in September
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]
United States 30-Year Bond Auction rose from previous 4.015% to 4.389%
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]
Breaking: US CPI inflation softens to 2.4% in September vs. 2.3% expected
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 2.4% on a yearly basis in September from 2.5% in August, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading came in above the market … [Continue reading]
Gold price bulls seem non committed as focus remains glued to US CPI report
Gold price bounces off a multi-week low, though the uptick lacks bullish conviction. Bets for a 25 bps Fed rate cut in November underpin the USD and cap the XAU/USD. Investors now look to the release of the US CPI report for a fresh directional … [Continue reading]
Gold Price Forecast: XAU/USD’s fate hinges on US CPI after key 21-day SMA gives way
Gold price defends $2,600, at its lowest level in three weeks as US CPI data loom. The US Dollar sees a modest pullback, as China stimulus optimism lifts the market mood. Gold price cracks 21-day SMA at $2,622 but bullish daily RSI … [Continue reading]
Fed’s Daly: One or two more Fed rate cuts likely this year
Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday that she "fully" supported the Fed's half of a percentage-point interest-rate cut last month. Daly further stated that one or two more rate cuts this year are likely if the … [Continue reading]