Tag Archives: cpi

The AUD/USD pair declines from weekly highs amidst strong US economic performance. Upcoming Australian CPI data and Fed Chair Powell’s speech are awaited by AUD/USD traders.Investors bet on softened CPI, weighing the AUD further. The AUD/USD pair is still in positive territory but retreats from weekly highs of 0.6720, falls …

Gold prices rose on Wednesday, supported by a weaker dollar, as slowing US inflation boosted bets that the Federal Reserve will keep interest rates unchanged when it meets later in the day. And gold in instant transactions increased 0.3 percent to $ 1948.49 an ounce by 0500 GMT. US gold …

The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday. Nvidia (NVDA.O) jumped 3.9%, becoming the first chipmaker to end a trading session with …

The American benchmark crude oil, WTI recovers, trading at $69.44 per barrel following the US inflation report.China’s rate cut sparks an increase in WTI price due to a potential surge in oil demand. Saudi Arabia’s proposed crude output cut is expected to tighten the global market in July. The US …

The US Bureau of Labour Statistics is expected to release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, June 13 at 13:30 GMT. The forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation reading give insight about …

US equities opened the trading week with positive performance ahead of key US economic data and monetary policy events. Markets cheered the possibility of the Fed’s ending its rate hike cycle. Incoming economic data will be crucial, with the CPI reading, in particular.The Dow Jones gained 0.56% and the Nasdaq …

WTI crude oil prices have been affected by global economic concerns and a pessimistic outlook. Goldman Sachs has revised its forecast for WTI crude oil from $89 a barrel to $81 by the end of the year due to expectations of increased oil supplies from Russia and Iran. This downward …

In early US trading Monday, gold prices were slightly higher while silver prices were slightly lower. August gold was last up $1.90 at $1,979.10 and July silver was down $0.065 at $24.345. The marketplace is quieter just ahead of the FOMC monetary policy meeting and key CPI data and gold …

Wall Street has given up earlier gains as the US central bank’s policy decision and the Consumer Price Index (CPI) are awaited.The S&P 500 index is up 0.27% after rallying from a low of 4,279.10 to a high of 4,322.20, falling back to 4,303 currently. The benchmark S&P 500 closed …

During early European trading on Friday, the US dollar rebounded from sharp losses in the previous session, as traders sought safe-haven assets following weak Chinese inflation data. Despite showing resilience against its major currency counterparts, the currency’s gains were presently limited, with modest daily gains near 103.50 after suffering its …