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The US dollar continued its losing streak on Tuesday, marking the third consecutive day of declines. This weakening of the greenback is a direct reflection of the broader risk-on sentiment that has gripped financial markets. As investors digested recent economic data and eagerly awaited the crucial US inflation report, the …

China’s recent dip in oil imports is a puzzle with many pieces. It’s not simply about weaker demand; there’s a bigger story unfolding.For starters, China’s been busy filling its strategic oil reserves. Think of it as a nation stocking up for a rainy day, much like a homeowner preparing for …

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, expressed concern about the current tight monetary policy, emphasizing the need for a more accommodative stance in the near future. Bostic also noted that recent inflation data has increased his confidence in the economy’s ability to achieve the 2% inflation …

Recent US inflation data released on Tuesday indicated a slower increase in producer prices. This has led to growing expectations that the Federal Reserve will soon lower interest rates. A weaker US dollar, resulting from these expectations, has benefited gold prices.Gold was the biggest winner following the release of the …

Dow Jones rose 300 points on Tuesday after US Producer Price Index inflation eased more than expected in July. This gave stocks a chance to breathe and sent the DJIA into 39,700.00. US PPI inflation eased to 2.2% YoY in July, falling below the expected 2.3% and further from the …

Oil prices saw a significant drop on Tuesday, with both Brent and US crude oil futures falling more than $1 a barrel. This decrease is attributed to a reduced perception of imminent conflict in the Middle East. Markets had previously factored in a potential attack by Iran, leading to a …

Wholesale inflation measures rises 0.1% in July, indicating that the Federal Reserve may start lowering interest rates. The producer price index (PPI), which measures selling prices producers receive for goods and services, increased 0.1% on the month, less than the 0.2% forecast. The core PPI was flat, with a rise …

European shares inched higher on Tuesday as investors awaited crucial U.S. economic data expected later in the day, which could offer more insight into the Federal Reserve’s next interest rate move. However, a series of disappointing corporate earnings reports kept gains in check. By 0712 GMT, the STOXX 600 index …

The U.S. dollar found itself in a holding pattern on Tuesday as investors awaited key U.S. economic data that could influence the likelihood of significant interest rate cuts. Meanwhile, a rally in Japanese stocks provided some relief for the yen, particularly for those engaged in yen carry trades. The dollar …

As investors warmed up ahead of important US data releases, which would undoubtedly affect expectations on a rate decrease by the Fed and provide additional information on the state of the US economy, global markets moved within a consolidative trend. Forex Space: Within the 103.20 zone, the USD Index (DXY) …