Tag Archives: cpi

Data from the UK Office for National Statistics (ONS) showed that the Consumer Price Index (CPI), a key indicator of inflation, rose by 3.4% in the UK in February last year. This represents a slight decline from the 4.0% increase recorded in January 2016. in line with market expectations, Just …

The Swiss National Bank (SNB) is anticipated to maintain its current interest rate stance until at least June, aligning with its counterparts such as the European Central Bank and the US Federal Reserve. The SNB may opt to observe its peers’ actions regarding the cessation of monetary tightening before making …

Japanese equities soared on Tuesday, propelled by the Bank of Japan’s widely anticipated decision to terminate eight years of negative interest rates. This landmark move marked Japan’s first policy tightening since 2007, signaling a significant departure from its prolonged era of ultra-easy monetary policy. BOJ’s Paradigm Shift: From Ultra-Easy Policy …

On Monday, the Japanese yen declined against a basket of global currencies in the Asian market, extending its losses against the US dollar for the fifth consecutive day. This downturn marked the yen’s lowest level in two weeks, coinciding with the commencement of the highly anticipated monetary policy meeting of …

The US Bureau of Labour Statistics (BLS) stated on Tuesday that inflation, as measured by the change in the Consumer Price Index (CPI), increased to 3.2% on an annual basis in February from 3.1% in January. Annual Core CPI, which excludes volatile food and energy costs, rose 3.8% during the …

Traders Take Profits Amid Anticipation of Interest Rate Factors Gold prices experienced a decline in Asian trade on Tuesday, stepping back from recent record highs as traders locked in profits ahead of the release of key U.S. inflation data. The anticipated CPI figures are expected to significantly influence the trajectory …

Monday saw a decline in the S&P 500 as the rally that lifted the major averages to all-time highs faded out. Aside from that, investors were anticipating new US inflation data, including the impending CPI print. The heavily weighted Nasdaq Composite had a decline of 0.41%, while the broad S&P …

The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …

Gold price clings to all-time highs and awaits US Inflation data for further action. The US CPI data will indicate whether the Fed gets confident that price stability is ensured. The US NFP report keeps hopes of a Fed rate cut in June alive.Gold price (XAU/USD) rally hit a pause …

Earlier in the day, the EUR/USD pair was stuck in the middle at 1.0850. Tuesday’s US Durable Goods Orders fall in January was more than expected, and there was little to move the pair in either way. On Wednesday, investors will be watching for the most recent US Gross Domestic …