Consumer Price Index rises 3.6% year-over-year in December, as anticipated.

Consumer Price Index rises 3.6% year-over-year in December, as anticipated.

In December, Australia’s consumer price index (CPI) showed a year-on-year increase of 3.6%, slightly up from a revised figure of 3.5% (previously 3.4%), as reported by the Australian Bureau of Statistics (ABS) on Wednesday. This aligns with market expectations of a 3.6% growth rate for the period. For December, the RBA trimmed average CPI rose […]

‘Snowmageddon’: ‘Ted Cruz Index’ could forecast a harsh winter storm for DC

'Snowmageddon': 'Ted Cruz Index' could forecast a harsh winter storm for DC

Sen. Ted Cruz Heads to Florida as Winter Storm Approaches D.C. Republican Senator Ted Cruz from Texas boarded a flight to Florida on Tuesday, just before a major snowstorm was set to impact Washington, D.C. In the capital, residents are busy stocking up on groceries, with store aisles being cleared out this weekend in anticipation […]

US Dollar Index Outlook: DXY Stays at 98.80 Ahead of US GDP as EUR/USD, GBP/USD Pause

US Dollar Index Outlook: DXY Stays at 98.80 Ahead of US GDP as EUR/USD, GBP/USD Pause

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US Dollar Index remains steady around 99.00 before GDP and PCE inflation figures

US Dollar Index remains steady around 99.00 before GDP and PCE inflation figures

The US dollar index (DXY), which gauges the dollar’s value against six key currencies, has held steady after slight increases in the prior session. As of Thursday, DXY is hovering around 98.80 Asian time. Traders are looking ahead to the weekly jobless claims, annualized GDP, and personal consumption expenditure (PCE) inflation data for fresh insights […]

US Dollar Index holds steady above 99.00 before Retail Sales and PPI data

US Dollar Index holds steady above 99.00 before Retail Sales and PPI data

The US dollar index (DXY), which gauges the US dollar’s value against six key currencies, is experiencing a gradual decline after a slight uptick in the previous session. Currently, DXY is around 99.10 as of Wednesday in Asia. Traders are on edge, awaiting the U.S. retail sales and producer price index (PPI) data set to […]