GBP/USD rises on weak CPI, increasing expectations for Fed rate cuts
US CPI Falls Short of Expectations; UK Labor Market Sees Slowdown US Consumer Price Index (CPI) misses forecasts, raising questions about two expected Fed cuts in 2025 and hints of stronger core inflation. UK labor market appears to be cooling as wage growth slows to 5.6%, the lowest since November 2024, alleviating pressure on the […]
April CPI: Inflation rose a bit last month
US Inflation Update April saw a slight uptick in inflation, exceeding the Federal Reserve’s target, as the influence of increased tariffs is set to impact consumer prices in upcoming months. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI), which measures a range of everyday items like gasoline, food, and rent, increased […]
GBP/USD rises to close to 1.3200 before UK employment and US CPI reports
The GBP/USD pair is expected to rise to about 1.3195 during the early European session on Tuesday. The Bank of England’s method of evaluating progressive policies positively influences GBP. The UK Employment and US CPI Inflation Report will receive attention later Tuesday. The GBP/USD is likely to approach 1.3195 in early trading on Tuesday. The […]
Australian Dollar rises as traders consider the effects of the US-China trade deal and look at US CPI data.
The Australian Dollar Moves Up Ahead of US CPI Report The Australian Dollar is gaining ground as investors await the US April Consumer Price Index (CPI) report. Westpac’s Consumer Confidence Index in Australia bounced back with a 2.2% increase after previously declining by 6.0%. US Trade Representative Jamieson Greer mentioned that tariffs on China could […]
Stock market today: Tech rally leads Nasdaq, S&P 500 higher as Tesla, Nvidia surge after cool CPI print – Yahoo Finance UK
The latest Consumer Price Index (CPI) Housing costs showed that they eased to the slowest pace in February in over three years. Shelter costs rose 4.2% from the previous year in February, slower than the 4.4% increase seen in January, and later than the 12-month minimum increase since December 2021. Home expenses, which rose 0.3% […]
Silver (XAG) Forecast: Reaction to $31.81 Sets the Tone with CPI as the Next Catalyst – FX Empire
Bank of America expects inflation to remain above target, and is stepping up lawsuits to keep the Fed stable interest rates. Banks have not seen short-term cuts that contradict the market's expectations for potential cuts in July. Goldman Sachs also anticipates further excavations in areas such as automobiles and homes, but warns that tariff policies […]
USD/INR softens on RBI intervention, investors brace for US CPI release – FXStreet
The Indian rupee gained traction in early European sessions on Wednesday. RBI interventions can help limit INR losses. CPI inflation data for India and the US will be highlighted later on Wednesday. The Indian rupee (INR) is upside down on Wednesday, strengthened by strong intervention from the Reserve Bank of India (RBI). Furthermore, US dollar […]
Gold (XAU) Silver (XAG) Daily Forecast: Market Awaits CPI Data as Gold Hovers Near $2,886 – FX Empire
A 25% tariff on steel and aluminum imports by former President Donald Trump will create fear of a wider trade war, which could revive demand for safe shelters for gold. Silver will gain industry demand, but face the strength of the dollar Silver (XAG/USD) is stable at $31.82, with an intraday high of $31.94, as […]
ForexLive Asia-Pacific FX news wrap: Tokyo core CPI 1 year high, BOJ rate-hike bets alive – ForexLive
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AUD/USD slumps to near 0.6220 on soft Aussie CPI, Fed policy in focus – FXStreet
Aud/USD has decreased to nearly 0.6220 due to soft Australian CPI data boosting RBA Dovish betting. The Australian CPI in the same period of the previous year rose at a slow pace of 2.4 % in the last quarter of 2024. The Fed is sure to announce a suspension with a spell that extends the […]