Forex Market

Tuesday brought CPI (Consumer Price Index) data for August, which details inflation at the consumer level. Wednesday will witness the release of the PPI (Producer Price Index) and that is inflation at the producer level. It is more interested in what manufacturers are paying for the raw materials that they …

The US dollar is firmer on the hawkish sentiment surrounding the Fed’s intentions concerning interest rate policy at next Wednesday’s meeting. The EUR/USD pair has printed a fresh low in midday US session near 0.9973 and fell from 1.0187 high on the day following the US inflation data. At the …

Monthly U.S consumer prices unexpectedly rose in August as declining fuel prices were significantly erased by extra rent and food costs, giving sufficient grounds for the US central bank pursue its hawkish stance and accordingly to decide another interest rate increase next Wednesday.The consumer price index gained 0.1% last month …

The USD/JPY is generally in overbought conditions, but the BoJ’s dovish stance would keep the yen weak. A clear break of 145.00 would send the pair rallying toward August 1998 at 147.67.The USD/JPY rallied after the US Department of Labour reported that inflation was decelerating but exceeding estimations, catching off …

The USD/CHF pair rose sharply from the lowest level in four weeks to the highest since Friday following the release of US inflation data. The pair climbed from 0.9477 to 0.9632. It is hovering around 0.9600/10, having the best day in weeks.The US dollar dropped during the previous days amid …

Gold prices were flat on Tuesday, as cautious investors awaited US inflation data to anticipate how much the Federal Reserve will raise interest rates. And gold prices in spot transactions recorded little change to 1724.19 dollars an ounce by 0729 GMT. Prices reached a two-week high of $1,734.99 on Monday …

Next Friday, tens of thousands of railroad workers are poised to go on strike, potentially bringing a nearly a third of all US freight to a grinding halt. It would be the first national rail strike in 30 years. As the clock ticks, the threat of the work stoppage is …

On Tuesday, key inflation data will be released. The August CPI reading will be closely watched traders and investors, particularly as it is released ahead of the next FOMC meeting on September 20-21. According to analysts, the CPI will show a decline of 0.2% in August, on the back of …

Several gold investors were frustrated with gold’s price action so far in 2022 as the prices declined nearly 5%. However, commodity analysts at Bank of America have a slightly more optimistic view of the precious metal.In a report Monday, the analysts said that in the current environment, gold prices are …

The Russian public budget surplus has significantly fallen in the latest signal that its finances are feeling the pain from sanctions and this is partially why the Kremlin shutting off gas supplies to Europe.The budget surplus narrowed to 137bn roubles (£1.9bn) in the first eight months of 2022, a sharp …