GBP/USD edges higher to near 1.2700 ahead of UK CPI inflation data – FXStreet
GBP/USD rose as expectations for further interest rate cuts this year by the Bank of England faded. UK CPI inflation is expected to rise 2.2% year-on-year in October and 0.5% month-on-month. The dollar could strengthen as traders look forward to pro-inflationary policies from the incoming Trump administration. GBP/USD continues to rise for the third consecutive […]
Dow Jones Today: Stocks Inch Higher Following Benign CPI Inflation Reading; Bitcoin Jumps Above $92K – Investopedia
Rivian skyrockets as Volkswagen joint venture grows larger 32 minutes ago Rivian Automotive (RIVN) shares rose Wednesday as the electric car maker expands its partnership with Volkswagen, with the aim of helping both companies find ways to capture more of the EV market. It skyrocketed. The automakers announced a new joint venture in which Volkswagen […]
Forex Today: US CPI inflation data and Fedspeak set to stir markets – FXStreet
Here's what you need to know on Wednesday, November 13th. Broad market gains inspired by President Trump's trade came early Wednesday morning as focus shifted back to economic data ahead of the all-important U.S. Consumer Price Index (CPI) report due to be released in U.S. trading. I took a breather. The U.S. dollar (USD), along […]
Asia stocks dip as Trump rally cools, CPI data looms – Investing.com
Investing.com — Most Asian stocks fell on Wednesday, tracking losses on Wall Street as the post-election bull market appears to be subsiding, while expectations for key U.S. inflation data are also at risk. It spurred evasion. The internal market remains under pressure after China's new fiscal measures have largely disappointed, while uncertainty about what Donald […]
Silver (XAG) Forecast: Will CPI Report Trigger a Silver Rally or More Declines? – FX Empire
Strong dollar and government bond yields create headwinds Donald Trump's re-election boosted the dollar as traders predicted fiscal policies such as tax cuts and tariffs could boost inflation. The strength of the dollar, which hit a four-month high, makes dollar-denominated assets such as silver and gold more expensive and generally less attractive to international buyers. […]
Gold (XAU) Price Forecast: Fed, CPI, and PPI Set the Stage for Gold’s Next Move – FX Empire
Weekly US Dollar Index (DXY)Following Donald Trump's victory in the US presidential election, the US dollar strengthened significantly, putting downward pressure on gold prices. The dollar index rose 0.6% for the week, reaching its highest level since July, while gold fell, reflecting risk-off sentiment among traders who poured money into assets that could benefit from […]
Gold prices advance past CPI data; Copper surges with China stimulus in focus – Investing.com
Investing.com — Gold prices rose in Asian trading on Friday, extending their overnight gains as solid U.S. inflation data was offset somewhat by a soft outlook for the labor market. Among industrial metals, copper prices soared on hopes of further stimulus from China's fiscal stimulus. A weaker dollar, off a two-month high, lifted broad metal […]
EUR/USD falls back as US CPI inflation data prints above expectations – FXStreet
EUR/USD fell on Thursday with the 200-day EMA revealed. This week, Fiber will focus on US statistics as euro statistics remain scant. Scheduled to be released on Friday: US PPI inflation rate, unit of consumer sentiment. EUR/USD managed to maintain a finger grip on the chart paper north of the 1.9000 handle. Fiber closed lower […]
September CPI: What food items saw the largest price hikes and declines
Economist Steve Moore examines the U.S. economic outlook in “The Bottom Line.” American consumers continue to face challenges such as: rising inflation Although rising food prices continue to put pressure on household budgets, the pace of inflation is slowing. The Labor Department on Thursday released the Consumer Price Index (CPI) for September, a broad measure […]
Gold (XAU) Daily Forecast: Will $2,630 Resistance Break with CPI Data in Focus? – FX Empire
Gold gains support despite strong dollar The recent surge in gold prices is against the backdrop of intensifying tensions in the Middle East, and there has been an increase in buying gold as a safe asset. Traders are also awaiting the next U.S. Consumer Price Index (CPI) report, which could shape expectations for future Federal […]