Swiss Franc gains strength as US Dollar wanes after US PCE inflation figures.
The USD/CHF dipped slightly on Friday, effectively losing all the gains made earlier in the week. This shift comes as the US dollar weakened following the latest personal consumption expenditure (PCE) data from the United States. The report suggested that underlying inflation is still relatively mild. As of now, the trading pair sits at approximately […]
Tokyo’s CPI inflation increases in June: Implications of 1.7% for the Japanese Yen
Tokyo Consumer Price Index (CPI) Update The Consumer Price Index (CPI) for Tokyo, released by Japan’s Statistics Bureau on Friday, showed a year-on-year increase of 1.7% for June, which is an uptick of 1.4% from the previous month. Moreover, the Tokyo CPI, excluding fresh food, mirrored this trend, climbing 1.6% year-on-year, aligning with expectations but […]
Forex Today: US Dollar gains slow down before important inflation figures
Key Updates for Thursday, June 25th The U.S. dollar (USD) index experienced a brief correction after touching a 13-month high of 101.80 on Wednesday, settling around 101.50 early Thursday. Today, the U.S. Bureau of Economic Analysis (BEA) is expected to release the Personal Consumption Expenditures (PCE) price index along with the final revised figures for […]
S&P 500 futures increase as Micron soars following earnings; Wall Street looks forward to important inflation report: Live updates
U.S. Stock Futures Rise Ahead of Inflation Indicators On the evening of Wednesday, stock futures in the U.S. moved upward, prompted by a positive response to Micron Technology’s recent earnings report. Traders are now anticipating key inflation data for May. S&P 500 futures increased by 0.5%, while Nasdaq 100 futures saw a larger jump, rising […]
US Dollar rises sharply as traders anticipate PCE inflation data
Here’s what you need to know on Thursday, June 25th. The U.S. dollar index (DXY) hovered around 101.60 on Wednesday, which marks a one-year high. The markets are keenly awaiting the Federal Reserve’s preferred inflation measure—the Personal Consumption Expenditures Price Index (PCE)—set to be released on Thursday. Scheduled for 8:30 a.m. ET, the May PCE […]
Australia’s CPI expected to indicate inflation picked up again in May
Australia’s Consumer Price Index Update The Australian Bureau of Statistics (ABS) released new data on Wednesday showing that the consumer price index (CPI) in Australia increased by 4.0% year-on-year in May, a bit below the previously reported 4.2% rise. Expectations in the market were slightly higher, with a consensus forecast of 4.4% growth during this […]
Euro: Concerns about inflation are challenged as the 1.13 level is observed
Weak Eurozone PMI Prices Weigh on Euro Kenneth Bruce from Société Générale and colleagues point to disappointing Eurozone PMI price data and the dovish remarks from European Central Bank (ECB) President Lagarde as major factors influencing the EUR/USD pair. They identify the 1.13 level as critical, with support seen around 1.1390 and 1.1350. The widening […]
Gold holds onto its day’s gains close to $4,200 as falling oil prices reduce inflation concerns.
Gold prices (XAU/USD) held steady around $4,200 during early trading in Europe on Monday, seemingly breaking a three-day downward trend and bouncing back from a low point not seen for over a week. Meanwhile, oil prices dropped after Qatar and Pakistan announced a structured 60-day plan aimed at achieving a final peace agreement between the […]
Stock futures decline as oil prices increase; investors anticipate important inflation report: Live updates
Market Update: Futures Drop and Oil Prices Rise Amid Geopolitical Tensions As of Sunday, U.S. stock futures have dipped, while oil prices are on an upward trend. Wall Street is closely monitoring ongoing war negotiations in Iran and is also awaiting inflation data, which is a focal point for the Federal Reserve. S&P 500 futures […]
Dow rises by 250 points as Wall Street works to bounce back from the Fed’s sell-off related to interest rates and inflation concerns
Market Update: Stocks Bounce Back On Thursday morning, stocks saw an uptick as Wall Street sought to rebound from the previous day’s losses. This followed a surprising stance on inflation from Federal Reserve Chairman Kevin Warsh, which caught investors off guard, particularly those who were anticipating rate cuts. By around 10:40 a.m. ET, the Dow […]