Market Update

Bitcoin price is targeting $27,000 as bulls ignore surprise PPI inflation data. Despite recent macro data showing a rebound in US inflation, Bitcoin traders are anticipating greater increases. The Consumer Price Index (CPI) and Producer Price Index (PPI) August prints reaffirmed the US inflation return, and Bitcoin continued to gain …

The USD/CAD exchange rate has lost 1.3515 for the sixth consecutive day, with the US PPI increasing by 1.7% YoY in August. Retail sales were strong, and expectations of a Fed tightening loosened slightly. The number of Jobless Claims for the second week of September was less than anticipated.The USD/CAD …

After passing the $2,000 bar in the spring, Gold experienced weakness over the summer. Economists at Société Générale analyze the yellow metal’s outlook. The precious metal is trading at $1906.69 per ounce at the time of writing.While core inflation is stubbornly high and short-term headline inflation is still cooling, the …

The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis …

Gold prices stabilized on Thursday near their lowest levels in three weeks, which they touched in the last session after the release of US inflation data, which reinforced expectations that the Federal Reserve will stop raising interest rates next week. By 0747 GMT, spot gold prices stabilized at $1,905.49 per …

European stocks rose on Thursday even as investors remained cautious ahead of the European Central Bank’s decision on interest rates, as it is likely to raise them for the tenth time in a row. Markets expect approximately 65 percent of interest rates to rise by 25 basis points, which will …

Japan’s Nikkei index rose to close near its highest level in a week on Thursday after data showed that US inflation remains sluggish and the downward trend reinforced expectations that the US central bank will keep interest rates unchanged next week. The Nikkei rose 1.41 percent to 33,168.10 points, reaching …

Oil prices rose on Thursday after falling slightly in the previous session, as markets returned to focus on expectations of tight crude supply during the rest of 2023. Brent crude futures rose 17 cents to $92.05 a barrel at 12:02 GMT, while US West Texas Intermediate crude rose 19 cents …

The dollar index rose on Wednesday after US economic data showed inflation increased for August, but did little to change expectations for the path of rate hikes from the Federal Reserve. The consumer price index increased by 0.6% last month, the largest gain since June 2022, as gasoline prices jumped. …

European stocks closed down 0.4% on Wednesday, with investors anticipating the latest rate call from the ECB. Inflation remains a significant issue for national European central banks, with the Bank of England caught between a rock and a bigger rock.The German DAX and France’s CAC40 both ended trading down around …