EUR/GBP sticks to gains around 0.8635-0.8640 area after UK data/German CPI – FXStreet
EUR/GBP has regained positive traction and is supported by a combination of factors. Mixed macro data in the UK led to speculation that the Bank of England would cut interest rates, causing the pound to fall. The rise in Germany's core CPI provides some support for the common currency and spot prices. The EUR/GBP cross […]
Gold (XAU) Silver (XAG) Daily Forecast: CPI Data and Bond Yields Shape Market Trends – FX Empire
Core CPI excluding food and energy slowed to 3.2%, slightly higher than market expectations. The possibility of further Fed rate cuts could support gold later this year, but the current policy stance limits upside. US Treasury yields have fallen from 14-month highs, providing some relief to gold prices. Additionally, uncertainty surrounding global trade policy and […]
Gold prices hit 1-mth high after soft CPI data dents dollar – Investing.com
Investing.com — Gold prices hit a one-month high in Asian trade on Thursday as slightly softer consumer inflation data boosted hopes for lower interest rates this year, tracking declines in the dollar and U.S. Treasury yields. rose to The yellow metal has now topped $2,700 an ounce for the first time since early December, as […]
Bitcoin Price Tops $100,000 Again on CPI News, Regulatory Optimism – Investopedia
Important points Bitcoin topped $100,000 again on Wednesday, rising again after recently dipping below $90,000 for the first time since November. Inflation data and a Reuters report encouraging crypto backers likely pushed major cryptocurrencies higher. According to Reuters, the SEC could change its crypto policy as soon as next week, potentially pausing ongoing enforcement actions. […]
US Dollar Index retreats to 109.00 ahead of December CPI inflation – FXStreet
The US dollar's weekly losses increased for the third consecutive day. Traders are nervous about the upcoming US CPI release. The US dollar index (DXY) is testing 109.00 and could fall further on the possibility of a disinflationary CPI release. The US Dollar Index (DXY), which tracks the value of the US dollar against six […]
Forex Today: US Dollar bides time ahead of US CPI inflation test – FXStreet
Here's what you need to know on Wednesday, January 15th. Markets witness a typical cautious environment ahead of the release of the all-important December US Consumer Price Index (CPI) data, which will provide new insight into the US Federal Reserve's interest rate trajectory. There is. The US dollar (USD) continues to strengthen following a recent […]
Gold (XAU) Silver (XAG) Daily Forecast: Will CPI Data Spark a Bullish Breakout? – FX Empire
Silver faces headwinds from hawkish Fed expectations Silver (XAG/USD) is trading around $29.84 after hitting an intraday low of $29.74. Like gold, silver is also under pressure from softer US inflation data and strong US employment data. Expectations of rising U.S. Treasury yields and tight monetary policy from the Federal Reserve continue to reduce silver's […]
EUR/USD looks up from the low end ahead of key CPI print – FXStreet
EUR/USD rose on Tuesday, regaining the 1.0300 handle. Euro traders are holding out hope that the French deal will avert government collapse. Key US CPI inflation statistics are scheduled to be released on Wednesday. EUR/USD has enough gas in the tank for an intraday rally on Tuesday, with euro bidders hoping a potential deal in […]
Silver (XAG) Forecast: Will Higher CPI Deliver the Final Blow to Bulls? – FX Empire
The market currently expects the Fed's next interest rate cut to be in June at the earliest, marking a change from the previous forecast for spring easing. Stronger-than-expected CPI growth could further delay this timeline and strengthen the dollar, weighing on silver prices. Support for industrial and safe haven demand offers Silver's industrial role continues […]
Gold (XAU) Price Forecast: Will Safe-Haven Flows Offset Rising Yields Ahead of CPI? – FX Empire
Daily US Treasury 10 Year YieldGold's rally bucked typical market behavior as the 10-year Treasury yield soared to 4.79% and the U.S. dollar hit a multi-year high. This situation typically puts pressure on gold as the opportunity cost is high and the price becomes unfavorable for non-dollar buyers. However, growing concerns about the U.S. fiscal […]