Tag Archives: cpi

Data released on Thursday showed higher-than-expected inflation numbers with the annual CPI hitting the highest level since 1982. The upside surprise, even as areas like energy goods and autos cooled as expected, illustrates that inflation continues to carry plenty of momentum, and any meaningful slowdown remains elusive, explained analysts at …

US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …

Gold prices bounces sharply on a volatile session. Following CPI data, XAU/USD tumbled to $1821, hitting a two-day low. A few minutes later, it rebounded above $1830, approaching weekly highs. The rebound suggests some underlying strength, but it needs to break firm above $1835 to open the door to more …

Gold prices fluctuated within a limited range on Thursday, after hitting a two-week high earlier in the session, as investors awaited US inflation data for indications of the Federal Reserve’s next step towards tightening monetary policy. And the gold price settled in spot transactions at $ 1832.09 an ounce by …

Statistics Canada will release January Consumer Price Index (CPI) data on Wednesday, February 16 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of three major banks regarding the upcoming Canadian inflation data. NBF “While we expect strong print …

Gold futures closed higher on Wednesday, with prices stretching their gains to a fourth-consecutive session to finish as the US dollar and Treasury yields eased back, boosting the appeal of the haven metal.Volatility in the metal’s prices could be explained by fluctuations in the US dollar, which also obviously has …

Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy.The benchmark 10-year US Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global …

Easing government bond yields weighed on the US dollar, which anyway ended the day with mixed performance across the major currencies. The yield on the US 10-year Treasury note stands at around 1.93%, down from its weekly peak at 1.97%. The GBP/USD pair is unchanged on a daily basis trading …

As the US inflation data is expected to show that prices rose by 0.4% in January, for a 7.2% gain from one year ago, major currency pairs continue lacking certain direction and struggle to maintain their strength. Major currencies have also held within limited intraday ranges on Tuesday. The US …

In the New York session, the USD/CAD pair trims Monday’s losses and reclaims the 1.2700 figure as the Canadian dollar weakens, as oil prices fall, a headwind for the Canadian dollar. At the time of writing, the USD/CAD is trading at 1.2702.On Tuesday’s, Western Texas Intermediate (WTI), the US crude …