Almost all financial markets traded with an optimistic yet cautious mode throughout the first half of the day, as investors awaited the release of US inflation figures. Economic DataThe United States Consumer Price Index rose at an annualized pace of 6.4% in January, better than the previous 6.5% but missing …
Read More »USD/JPY reclaims 133.00 after CPI data
The USD/JPY pair registers gains of 0.50%, above the 133.00 mark. US inflation data, though mixed, triggered the recent US Treasury bond yields’ jump, pushing the USD/JPY forward.The USD/JPY reached a new YTD high of 133.13, though it failed to cling to those gains, retracing beneath last week’s high of …
Read More »Fed’s Logan: Must be prepared to keep interest rate hikes for longer than anticipated
“We must remain prepared to continue rate increases for a longer period than previously anticipated, if such a path is necessary to respond to changes in the economic outlook or to offset any undesired easing in conditions,” Dallas Federal Reserve President Lorie Logan said on Tuesday.The US dollar Index showed …
Read More »US inflation declines only slowly, Fed cannot be satisfied
These are undoubtedly the beliefs of some investors, who ignore slight increases in annual inflation rates because they believe the downward trend will continue. That means that markets are in a risk-on mode. The Core Consumer Price Index (Core CPI), which increased by 0.4% MoM in January as predicted, is …
Read More »XAU/USD pops on the knee jerk to US CPI
As the markets process the full inflation data that the United States of America has released, the price of gold fluctuates. For the month-over-month data, the US Consumer Price Index came in at 0.4% vs. 0.4% anticipated. The US CPI for January came in at +6.4% for the year, more …
Read More »US CPI Preview: Forecasts from four major banks
The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) figures for January on Tuesday, February 14 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation …
Read More »Gold prices rose ahead of the release of US inflation data
Gold prices rose on Tuesday as the dollar weakened as investors awaited US inflation data that could determine the next steps for the Federal Reserve’s monetary policy. Spot gold rose 0.5 percent to $1,861.93 an ounce by 0645 GMT, after falling to its lowest since early January in the previous …
Read More »Gold is falling as US inflation data approaches
Gold prices fell on Monday as investors prepared for January consumer price index data in the United States that could move the Federal Reserve’s interest rate strategy. Spot gold fell 0.5 percent to $1,854.79 an ounce by 1842 GMT, while US gold futures fell 0.6 percent, to settle at $1,863.50. …
Read More »GBP/USD closer to 1.2150 ahead of UK employment, CPI data
On Monday, with the beginning of the new trading week, the GBP/USD pair edges higher after posting the biggest daily jump in a month. Optimism surrounding an end to the UK’s labour strike is leaving a positive fingerprint on the Sterling in addition to the US dollar’s pullback which contributes …
Read More »Gold Pressured Ahead of US Inflation data
Gold price is still pressured around the lowest levels in five weeks. Markets preparations for United States Consumer Price Index for January weigh on the Gold Index amid apparently hawkish remarks by Fed policymakers and gtold price naturally reacts to this hawkish language. Gold price is able to resists and …
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