Market Update

European stock markets experienced gains on Wednesday as investors digested regional growth and inflation data ahead of the conclusion of the Federal Reserve’s latest policy meeting. Key Market Movements: DAX (Germany): +0.4%CAC 40 (France): +0.4%FTSE 100 (U.K.): +0.6% Economic Data: German consumer prices rose 2.8% year-on-year in May, up from …

Markets Await U.S. CPI and Fed’s Economic Projections The U.S. dollar held steady on Wednesday following a recent surge to a four-week high. Market participants are eagerly awaiting the release of U.S. inflation data and the Federal Reserve’s updated economic projections, both expected later in the day. The data and …

Gold prices held steady in Asian trade on Wednesday, hovering around the crucial $2,300 support level as traders awaited further clarity on U.S. monetary policy from the Federal Reserve’s meeting and upcoming inflation data. Recent Decline and Support Level: The yellow metal has experienced a sharp decline in recent sessions …

Amid uncertainty surrounding interest rate cut forecast for the remainder of this year, the Fed meets for two days to discuss monetary policy. When this meeting ends on Wednesday, June 12, traders, analysts, and investors look forward to the decisions made there in hope of learning additional signals on the …

As sellers gain strength, the AUD/USD pair navigates through uneven trading. This week’s US inflation data and Fed dot plot are the main topics of interest. Mixed NAB business survey results are released by Australia. The AUD/USD pair’s performance was uneven, with some bearish pressure and a sticky range around …

The European parliamentary elections still disrupt market confidence. US consumer price index (CPI) inflation data and the Federal Reserve’s rate announcement are scheduled for Wednesday. The Fed’s updated “dot plot,” summarizing future interest rate expectations, is highly anticipated.EUR/USD suffered its third straight loss on Tuesday as market sentiment soured due …

Positive sentiment prevails in the US economy, as evidenced by the May NFIB Small Business Optimism Index exceeding expectations. Upcoming data, including the Consumer Price Index (CPI) and the Federal Open Market Committee’s (FOMC) monetary policy decision with its “dot plot,” are likely to influence gold prices as inflation concerns …

The US CPI report for June 2024 is expected to be released at 8:30am ET on Wednesday, June 12, 2024. Traders and economists expect the report to hold steady at 3.4% y/y on a headline basis, with the “Core” reading expected to fall to 3.5% y/y. The Federal Reserve’s aspirations …

The US Dollar Index is trading at 105.342 at the time of writing. So far on Tuesday, the dollar has consolidated Monday’s gains on the back of negative political news from Europe, with the dollar jumping after rumors saying that President of France Emanuel Macron is considering resignation. The US …

The Biden and Trump teams are expected to engage in a long-distance economic showdown on Thursday, as both sides try to sell corporate America on their vision for 2025 and beyond. Treasury Secretary Janet Yellen will defend President Biden’s approach at the Economic Club of New York, where she will …