GBP/USD flat after UK labor market data, eyes on US CPI – FXStreet
GBP/USD remains under pressure around the 1.3050 region as cautious market sentiment masks a near-term recovery sparked by the UK employment data. US CPI data will be a focus on Wednesday. Markets will also be focused on the US presidential debate on Tuesday. The GBP/USD pair remains on the defensive, dropping towards 1.3050 during the […]
Gold price rises ahead of US CPI data and first Harris/Trump presidential debate – FXStreet
As Treasury yields fall and the US dollar weakens, gold prices rise. Traders are awaiting US CPI data. The probability of a Fed rate cut is 67% for a 25bps cut and 33% for a 50bps cut. The focus now shifts to the first US presidential debate, which could influence pre-election market sentiment. Gold prices […]
Gold surges above $2,500 ahead of US CPI as Fed rate cut looms – FXStreet
Gold is rising despite the general strength of the US dollar, as traders focus on the upcoming release of the US Consumer Price Index (CPI). The CME FedWatch tool indicates a 73% probability of a 25 bps rate cut by the Fed, a change from previous speculation of a 50 bps cut. Treasury yields are […]
Silver (XAG) Forecast: Will the CPI Report Spark a Rebound in Silver Prices? – FX Empire
Daily Silver (XAG/USD)US jobs report causes uncertainty A major factor behind the decline in silver prices was mixed US labor market data, leaving traders uncertain about the Federal Reserve's (Fed) next move. The August nonfarm payrolls report showed employment increased by 142,000, below the expected 160,000, and July's figure was revised down to 89,000. Meanwhile, […]
Job Creation Below What’s Needed to Keep ‘Steady Employment’, Many Have Inflation Higher than CPI
On Friday's broadcast of WBUR's “Here and Now,” MSNBC chief economics correspondent and MSNBC host Ali Velshi said the August jobs report showed job creation was “lower than what's needed to maintain stable employment.” He also said that while wages are outpacing inflation, “inflation is high for a lot of people who have to pay […]
AUD/USD holds below 0.6800 amid risk-off sentiment, eyes on Australian CPI data – FXStreet
AUD/USD fell to around 0.6790 in early Asian trading on Wednesday. Rising geopolitical tensions could weigh on the pair, while expectations of a Fed rate cut could limit any declines. Investors will be closely watching Australia's monthly Consumer Price Index (CPI) report on Wednesday. In early Asian trading on Wednesday, the AUD/USD pair is trading […]
Gold prices rise, record highs close as CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as weaker-than-expected U.S. consumer price data raised hopes the Federal Reserve will start cutting interest rates. Rising risk appetite also capped gains in gold prices, while a monthly rise in inflation led traders to expect a smaller rate cut in September. […]
Stocks Rise Ahead of US CPI Data; Pound Weakens: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures were in a tight range ahead of the release of a consumer price index that could decide whether the Federal Reserve should start cutting interest rates next month. Most read articles on Bloomberg Europe’s Stoxx 600 index rose 0.4%, lifted after UBS Group AG reported better-than-expected second-quarter profit. Mining shares […]
Gold Price Forecast: XAU/USD holds above $2,450 ahead of US CPI data – FXStreet
Gold prices were slightly higher around $2,465 in early Asian trading on Wednesday. Rising tensions in the Middle East have boosted demand for gold as a safe-haven asset, benefiting it. Attention on Wednesday will be on the release of the US Consumer Price Index for July. Gold prices (XAU/USD) were up slightly around $2,465 in […]
Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]