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We adhered to intraday neutrality during the previous technical report due to the conflicting technical signals and the confinement of trading within a sideways range, explaining that activating the selling positions requires a break of 1913 for the price to head to touch the target of the first break at …

The movements of the EUR/USD pair did not significantly change during the previous trading session, with the continuation of the side range confined from the bottom above 1.0700 and from the top below 1.0790. On the technical side today, with a closer look at the 4-hour time frame chart, we …

The US Consumer Price Index (CPI) data, the most significant indicator of inflation, is set to be released by the US Bureau of Labour Statistics on September 13. Economists and analysts of 10 major banks have provided estimates for the awaited US inflation print for August. The headline CPI is …

It’s US CPI data’s day. The awaited readings are expected to trigger price actions across the board and are crucial before next week’s FOMC meeting. During the Asian session, Japan will release the Producer Price Index. Later, monthly UK GDP data is due, as well as Eurozone Industrial Production figures.The …

An optimistic prognosis for oil consumption and a tighter supply have caused the WTI crude price to rise to $88.40. Global oil production is expected to increase to 101.2 million barrels per day (bpd) in 2023 and 102.9 million bpd in 2024, according to the US Energy Information Administration.According to …

Early Tuesday trading saw a decline in the EUR/USD pair, and buyers are attempting to make up ground. Midweek economic data from the US and EU will make the charts more difficult to read. Along with US inflation data due soon, the ECB rate decision is just around the corner.After …

The US economy is absorbing the effects of higher interest rates with ease, and the US Dollar gains in appeal. Investor caution ahead of August Consumer Price Index data in the US is putting pressure on the price of gold, as a sharp rise in petrol costs suggests that headline …

US stocks are falling as Wall Street waits for updates on the economy and major tech firms. At lunchtime, the S&P 500 was down 0.5%, while the Dow Jones Industrial Average was down 51 points, or 0.1%, to 34,612. After largely declining for a year, oil prices have begun rising …

The USD/JPY pair rose 0.43% to 147.20 after Bank of Japan Governor Ueda suggested ending negative interest rates. The US 10-year Treasury yield remains steady at 4.292%, bolstering the dollar ahead of August inflation data. Markets anticipate a rise in the Consumer Price Index from 3.2% to 3.6% YoY, potentially …

Russian President Vladimir Putin said on Tuesday that rising inflation rates forced the central bank to raise interest rates to 12 percent last month, warning that the Russian economy would suffer if prices were allowed to get out of control. “In the event of high inflation, it will be practically …