Forex Market

The gold price is some 0.8% higher and correcting from daily support located in the lows of the day at $1,832.07. At $1,853.40, gold is close to the day’s highs of $1,858.30. The markets are still focusing on Wednesday’s US inflation data as the Consumer Price Index was released earlier …

US inflation eased by less than expected in April, with an 8.3% YoY reading. The latest US data dragged Wall Street futures reflecting the market’s fears. The EUR/USD pair has resumed its decline and approaches the year low at 1.0470.The EUR/USD pair fell sharply and trades around 1.0520 following the …

The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed USinflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking.US stock futures initially lost ground after core inflation, excluding items such as oil prices …

The key report of the week was released on Wednesday. The annual inflation rate in the US dropped in April to 8.3% from the March 8.5% reading (41-year high). The increase was larger than expected. Analysts at Wells Fargo point out April’s CPI data served as a reminder that the …

The US Bureau of Labor Statistics will release the April Consumer Price Index (CPI) data on Wednesday, May 11 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming US inflation print. …

Japan’s Nikkei index rose at the close on Wednesday as investors flocked to stocks of companies with strong expectations, but gains were limited as US inflation data was awaited later in the day. The Nikkei rose 0.18 percent to close at 26,213.64 points, after declining earlier in the session. Investors …

Germany and the US will publish their latest inflation figures on Wednesday. German CPI is expected to be confirmed at 7.4% YoY, while the US reading is foreseen at 8.1%. An in-line or lower than anticipated reading may boost optimism, to the benefit of equities and to the detriment of …

The US GDP will increase by 2.6% this year according to Atlanta Fed President Raphael Bostic. The Fed’s policymaker also mentioned that the economy is strong, and demand is high, adding that Fed policy must be robust, vigilant, and adaptive.Following the comments, the EUR/USD pair is defensive around 1.0530, keeping …

The USD/CAD pair has renewed its fresh high in the year at 1.3052. the pair is attempting to balance above the 1.3000 psychological resistance. USD/CAD also managed to continue its winning streak by positive performance on Tuesday.USD/CAD is likely to further advance amid uncertainty over the release of the US …

US President Joe Biden blamed high inflation on COVID-19 pandemic disruptions to the economy as well as the Russo-Ukrainian conflict, adding that rising price pressures are “hurting” American families ahead of the November midterms. In response to reporters’ question about taking any “responsibility” for inflation, Biden stated, “I think our …