Market Update

Gold is now some steps back in the hands of the bears as traders await the key US CPI data. Gold is currently under pressure following, dropping at the turn of the past hour after a spike to the day’s highs, trapping breakout traders long when the US treasury notes …

The US dollar’s rebound from 145.15 is limited below 146.00. The market has turned cautious ahead of the results of US elections and CPI data, this is why the USDJPY is risking further decline to 142.00. The US Dollar’s recovery from two-week lows at the 145.15 area lost momentum at …

Fed’S fight against inflation may lead to a downturn in the US economy but that is a risk that the Fed will have to take, Richmond Fed President Thomas Barkin said on Wednesday, as reported by Reuters.The US Dollar showed no immediate reaction to these comments and the US Dollar …

Oil prices have declined for the third consecutive day, to reach levels near $86. Concerns about a decline on demand from China are weighing on prices. US crude stockpiles increased above expectations last week.Front-month WTI crude futures are depreciating for the third consecutive day on Wednesday. Concerns about a potential …

Inventories at US wholesalers rose in September, although at a slower pace compared with the previous month as demand weakens.Inventories of US merchant wholesalers increased 0.6% in September on month, easing from a upwardly revised 1.4% increase in August, the Commerce Department said Wednesday.

Gold prices fluctuate in the New York session amid the uncertainty of midterm elections in the United States. US Treasury yields are rising behind the US Dollar’s surge, which is up more than 0.50% against most G8 peers.Gold Price Analysis: Testing the 100-day EMA, which, once broken, would shift the …

The dollar settled near a two-month low against the euro on Wednesday as investors awaited the results of the US midterm elections and inflation data due this week that will guide speculation on the path of a future US interest rate hike. Cryptocurrencies are also high on investor interest, stabilizing …

According to official data, China’s producer price index deflated for the first time since 2020, affected by lower iron and steel prices. The Producer Price Index, which measures the prices of raw materials and other input costs, shrank 1.3% in October from a year ago, a Reuters poll showed, slightly …

European shares fell on Wednesday, though gains by Germany’s Printage limited losses, while investors awaited the results of the US midterm elections to see the course of US policy. The pan-European Stoxx 600 index was down 0.2 percent by 0813 GMT. Shares in Printage Chemical Distribution rose 1.6 percent after …

The Nikkei index closed lower on Wednesday after approaching a two-month high in the previous session, and Nintendo shares fell on lower profits as investors cautiously awaited US inflation data to speculate on the path of a future US interest rate hike. The Nikkei’s losses increased in the evening session, …