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 […]
Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut – Investing.com
Investing.com — Most Asian currencies were in a flat to lower range on Thursday, while the dollar strengthened, after a strong U.S. consumer price index dashed hopes that the Federal Reserve would make a bigger interest rate cut. Weak Japanese inflation data weighed on the yen, sending it further down from an eight-month high, but […]
Australian Dollar strong as investors digest US CPI figures – FXStreet
The Australian dollar is strengthening against the US dollar after the latest US inflation data showed a fall in CPI. RBA's Hunter spoke about Australia's labour market, stressing it remains in a tough position compared to full employment. With the RBA continuing to maintain a hawkish stance, there is still room for the AUD/USD pair […]
Forex Today: US CPI cooled hopes for a Fed’s 50 bps rate cut – FXStreet
Things to watch out for on Thursday, September 12: Financial markets turned risk averse after the U.S. released its August Consumer Price Index (CPI). The Bureau of Labor Statistics reported that the annual CPI rose 2.5% year-on-year, slowing from the previous 2.9%. The core annual figure also came in at 3.2%, in line with July's […]
August 2024 CPI report | Fox Business
Former Treasury Secretary Steven Mnuchin responded to the former president's speech about Kudlow at the Economic Club of New York. Inflation fell to its lowest level in more than three years in August, strengthening the case for the Federal Reserve to cut interest rates next week even as prices remain uncomfortably high for millions of […]