Dollar gains ahead of CPI, yuan falls as China considers allowing currency to weaken – Yahoo Finance
Written by Hannah Lang NEW YORK (Reuters) – The dollar rose on Wednesday after U.S. price data was in line with expectations, boosting expectations that the Federal Reserve will cut interest rates next week. A Reuters report that China is considering allowing its currency to weaken next year also boosted the dollar, while the yuan […]
USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision – FXStreet
USD/CAD has retreated from multi-year highs, but the downside appears to be limited. Rising oil prices are supporting the loonie and putting pressure on the currency pair. The technical setup supports the prospect of some bullish buying. The USD/CAD pair fell slightly in Asian trading on Wednesday, but did not continue to rise, remaining close […]
Gold (XAU) Silver (XAG) Daily Forecast: CPI Data and Dollar Rally Shape Precious Metals’ Short-Term Outlook – FX Empire
Despite the decline, gold remains a popular safe-haven asset amid geopolitical tensions. Conflicts in Eastern Europe and the Middle East, combined with concerns about U.S. trade policy under President-elect Donald Trump, continue to sustain its appeal during uncertain times. Silver reflects gold's decline amid dollar rally Silver price (XAG/USD) followed a similar path, trading at […]
Gold prices steady near $2,700 as geopolitics, CPI jitters spur safe haven demand – Investing.com
Investing.com — Gold prices stabilized near two-week highs in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East supported safe-haven demand. The yellow metal also attracted some bids as markets turned risk-averse ahead of key US inflation data due later on Wednesday, which is likely to be factored into the interest […]
Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI – FXStreet
Rising US Treasury yields are supporting the US dollar and keeping the yellow metal in check ahead of the US CPI report. Gold prices (XAU/USD) extended its weekly uptrend for a third consecutive day on Wednesday, rising to a two-and-a-half week high during Asian trading. The product is currently looking to extend its momentum above […]
Asian Stocks Set for Sluggish Start as CPI Looms: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks were poised for a lukewarm move as traders awaited key U.S. inflation data for clues on whether the Federal Reserve will cut or keep interest rates unchanged next week. Most Read Articles on Bloomberg Sydney stocks fell slightly and Tokyo benchmark futures fell slightly, but Hong Kong stocks set a solid […]
US stock futures muted after Wall St sinks on tech losses; CPI awaited – Investing.com
Investing.com — U.S. stock index futures were little moved Monday night, steady after a sell-off in tech stocks sent Wall Street off record highs, with attention remaining on key inflation data coming up. . Risk sentiment was also volatile due to heightened geopolitical uncertainty over regime change in Syria following the overthrow of Bashar al-Assad's […]
Stock Market Today: Dow futures pause near record levels ahead of looming CPI report – MarketWatch
Citigroup strategists say in a report on the outlook for commodity markets in 2025 that the backdrop for “at-risk” commodities such as oil and base metals is relatively bearish, but the outlook for gold is said the company is “relatively bullish” due in part to the deteriorating economy. US job market. U.S. President-elect Donald Trump […]
Japanese yen soars to 1-mth high as Tokyo CPI fuels BOJ rate hike bets – Investing.com
Investing.com — The Japanese yen hit its strongest level against the dollar in nearly a month on Friday, as better-than-expected inflation data released in Tokyo strengthened expectations for the Bank of Japan to raise interest rates in December. The exchange rate of the yen, which is required to buy one dollar, fell by about 1% […]
GBP/USD Price Forecast: Tumbles below 1.2700 after hot UK CPI – FXStreet
The GBP/USD pair fell as UK inflation spiked, raising expectations that the Bank of England would become less accommodative. Technical analysis indicates bearish momentum as the pair is currently targeting further support levels including the May low at 1.2445. The RSI is trending towards oversold territory, suggesting continued downward pressure in the short term. Sterling […]