European FX news summary: Eurozone CPI decreases, core remains at 2.4%
High risk warning: Trading in foreign exchange carries significant risk, and it might not be suitable for everyone. The use of leverage can magnify risks and potential losses. It’s essential to carefully evaluate your investment goals, experience level, and risk tolerance before engaging in forex trading. You could lose part or all of your initial […]
Asia-Pacific FX news summary: Bessent lifts yen, AUD rises on speeding CPI
High Risk Warning Trading in foreign exchange carries significant risks and may not be appropriate for every investor. The use of leverage can amplify these risks and potential losses. It’s essential to reflect on your investment goals, experience, and risk tolerance before you begin foreign exchange trading. Be aware that you could lose a portion […]
Dollar weakens ahead of anticipated Fed rate cut, Aussie rises on CPI
Dollar Remains Steady Ahead of Fed Rate Decision The U.S. dollar was trading close to its one-week lows against major currencies on Wednesday, just before a widely anticipated interest rate cut by the Federal Reserve later today. It dropped further against the Japanese yen after U.S. Treasury Secretary Scott Bessent indicated that the new Japanese […]
Should You Purchase Intel Stock Following Positive CPI Numbers and Strong Q3 Earnings?
Stocks saw a boost on Friday, mostly due to a drop in inflation figures for September. This was particularly evident with Intel, which posted encouraging third-quarter results just a day earlier, hinting that a turnaround might be on the horizon. Intel shares reached a one-year high of $41 during Friday’s trading, marking a significant recovery […]
EUR/USD stays around 1.1600 as weak CPI data does not change Fed position
The EUR/USD pair is projected to finish the week down by 0.21%, though it has managed to stay above 1.16 for the third consecutive day. There seems to be a significant resistance that is limiting any upward movement, especially since recent U.S. economic data might not keep the Federal Reserve from lowering interest rates. Positive […]
Australian Dollar falls as US Dollar strengthens before CPI data release.
The Australian dollar (AUD) found some stability against the US dollar (USD) following the release of preliminary S&P Global Purchasing Managers’ Index (PMI) results on Friday. Traders are now closely watching for Australia’s quarterly inflation data next week, as it could significantly influence the Reserve Bank of Australia’s (RBA) policy direction. In terms of the […]
Dollar rises slightly before CPI and trade updates; yen falls.
Market Update: Currency Movements and Economic Outlook TOKYO, Oct 23 – The dollar has gained strength against major currencies as traders process the potential impact of U.S.-China tariffs and await U.S. consumer inflation data, which is now set to be released on Friday. The yen has dipped to its lowest level in a week against […]
GBP/USD falls for a third consecutive day before UK CPI release
The GBP/USD pair saw its third consecutive decline on Tuesday, dipping below the 1.3400 mark. Traders dealing in British pounds are pulling back as they await the Consumer Price Index (CPI) inflation report from the UK, which is set to be released on Wednesday. The US CPI data is anticipated on Friday. For September, UK […]
Canadian Dollar fluctuates following Canadian CPI inflation report
On Tuesday, the Canadian dollar (CAD) managed to gain some ground against the U.S. dollar (USD), recovering losses seen earlier in the day. While bullish momentum seems to be lacking, loonie traders are definitely looking for any signs of support as they navigate through the recent six-month lows. Canada’s consumer price index (CPI) inflation rate […]
Bitcoin looks to important US CPI data to rise above $120,000 or fall to $100,000.
Bitcoin Prepares for US CPI Release Bitcoin is gearing up for the release of the US Consumer Price Index (CPI) for September, which is set to come out on October 24. This will be the first significant data available since the federal government shutdown began. An analyst pointed out the significance of this upcoming report, […]