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
High risk warning: Foreign exchange trading has a high level of risk that may not be suitable for all investors. Leverage creates additional risks and exposure of loss. Before deciding on foreign exchange trading, carefully consider investment goals, experience levels, and risk tolerance. You may lose your first investment. Don't invest in money you can't […]
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 […]
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 […]