Tag Archives: USD

According to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to 61.7 in February, well below expectations for a slight rise to 67.5 from 67.2 in January. That marked the lowest such reading since October 2011. The Current Conditions Index fell to 68.5 from 72.0 …

Major pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared in January, higher than expected. The headline spurred a short-lived dollar’s rally, although the greenback quickly changed course and moved from daily highs to fresh weekly lows against most of …

The Gold Price Index, XAU/USD, is under pressure as the New York session’s volatility dies down following the early morning chaos that has resulted in plenty of two-way business in financial markets. Gold initially moved lower after the post-15-minute candle’s toing and froing, sliding to $1,825. This was before the …

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 …

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 …

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 …

The sterling remains passive on Wednesday during the New York session, so far up 0.02% in the day and the GBP/USD pair is trading at 1.3539. Financial markets mood is positive, as European equity indices finished in the green territory. US equity indices led by the heavy tech Nasdaq Composite …

Loretta J. Mester, president and CEO of the Federal Reserve Bank of Cleveland, is crossing the wires and has stated that there’s a strong case to start reducing accommodation and she supports rate increase in March.Key RemarksFuture rate increases will be guided by the economy.If inflation is not coming down …