Tag Archives: Producer Price Index

Risk-linked assets regained some momentum amid a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut later in 2024. In the meantime, the ECB left rates unchanged as expected and opened the door to a rate cut in June.Economic DataBased on annualized data released …

US Treasury yields jump as inflation report cools expectations for immediate Fed rate cuts. February’s Retail Sales rebound highlights consumer spending strength despite falling short of forecasts.Producer Price Index (PPI) data and lower-than-expected jobless claims reinforce views of strong economic activity.US Treasury yields made a significant leap on Thursday, a …

The EUR/USD pair is trading near 1.0764 versus earlier low of 1.0742 during the few previous hours as markets prepare for a busy trading week, whether on the data front or on the central banks’ decision-front, that includes US Consumer Price Index data, Producer Price Index data, and the FOMC …

The US Dollar Index rose marginally on Thursday, finishing around 104.40, despite weak economic data and the decline in US yields. Economic DataUS Continuing Jobless Claims reached the highest level since 2022, with Initial Claims rising to 231,000. Industrial Production declined by 0.6% in October, exceeding the expected contraction. The …

Due to increased Treasury yields, gold abruptly pulled back from over $1,880 and dropped below $1,870. Similar to Gold, Silver too experienced a fall and fell under $22.00. The 10-year yield jumped from 4.57% to 4.73%, while the 2-year yield increased from 4.98% to 5.07%.The US dollar continues to trade …

Market Drivers – US Session, September 14, 2023The EUR/USD pair resumed its downtrend, falling to the 1.0630 area. It posted the lowest daily close in months and remains under pressure. EUR/CHF suffered its worst day in months, dropping from weekly highs at 0.9600 to 0.9530, with a crucial support area …

New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …