Market Update

The US Consumer Price Index is expected to be cooler. Sliding CPI data is in the favour of the Euro, due to less hawkish tightening anticipated the Federal Reserve.The awaited CPI data will be released on Tuesday, estimates refer to falling from 7.7% in the previous month’s reading to a …

The precious metal is trading at $1784.27 per ounce at the time of writing versus the previous closing price at $1797.11.Inflation data from the US and the Federal Reserve’s policy decision are expected to help investors obviously see whether gold price can extend its bullish rally into the end of …

Data on Monday showed that Turkey’s unemployment rate rose to 10.2 percent in October, posing a potential challenge to President Recep Tayyip Erdogan’s hopes of re-election next year, even as inflation trended lower and the currency remained broadly stable. Economic growth is also expected to remain subdued ahead of presidential …

The dollar fell on Monday, but data released at the end of last week showing wholesale price inflation in the United States rose more than expected in November capped losses, reinforcing the possibility that the Federal Reserve will keep interest rates high for a longer period. The US currency recorded …

Gold prices declined, affected by the dollar’s rise, as investors await key inflation data in the United States and the Federal Reserve’s decision to raise interest rates due this week. The spot gold price fell 0.2% to $1793.44 an ounce as of 00:09 GMT, and US gold futures fell 0.3% …

European stocks fell on Monday, as investors awaited the decisions of the Federal Reserve and the European Central Bank regarding interest rates scheduled for this week, and their sentiment was affected by the rise in Covid-19 infections in China after easing restrictions. The pan-European Stoxx 600 index was down 0.4 …

The Japanese Nikkei index fell on Monday, after hitting its highest level in a week, as US data pointing to rising inflation increased fears that the Federal Reserve would keep raising interest rates for a longer period. Technology stocks fell after US producer price data on Friday indicated that inflation …

Oil prices rose more than 1 percent in early Asian trading on Monday, as a major pipeline transporting crude oil between Canada and the United States remained closed as Russian President Vladimir Putin threatened to cut production in response to the West imposing a cap on Russian oil export prices. …

The dollar rose against the euro on Friday after US producer price data for November came in slightly higher than expected, casting doubt on whether the Federal Reserve will slow down the pace of interest rate hikes at its meeting next week. The data showed US producer prices rose 0.3 …

Bank of England to hike rates by 50 bps, fresh forecasts coming up. Concerns about a global economic setback weighed on US indexes. The GBP/USD pair is trading at 1.2265 at the time of writing.The GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers …