Bitcoin processes positive US PPI news with a $120K liquidity move in sight for buyers
Key Points: Bitcoin’s price target is aiming for liquidity around $120,000. The US PPI inflation has cooled more than anticipated, providing some relief following the previous day’s high CPI figures. BTC/USD is avoiding movement toward CME gaps below $115,000. Bitcoin (BTC) sustained its overnight recovery during the Wall Street Open on Wednesday, supported by US […]
GBP/USD rises due to US PPI drop and Trump’s possible dismissal of Powell
US PPI slowed to 2.3% year-on-year, raising speculations of a Fed cut in July. Trump reportedly believes he has displaced Federal Reserve Chairman Powell, adding to market volatility. UK CPI surged to 3.6% year-on-year, the highest since January 2024, diminishing BOE cut prospects. In currency news, GBP/USD has reversed its trend, gaining after the latest […]
EUR/USD rises from 1.1600 even with market uncertainty before US PPI data
The EUR/USD might weaken as the US dollar remains stable ahead of the producer price index data set for Wednesday. The Trump administration plans to implement tariffs of “over 10%” on several smaller countries. EU officials have stated that talks to avert US tariffs are ongoing despite preparations for a retaliation package. The EUR/USD pair […]
The Australian Dollar increases on fresh optimism as US PPI data is anticipated.
The Australian Dollar Gains Amid Renewed Optimism The Australian dollar is set to strengthen, fueled by fresh optimism stemming from Trump’s readiness to engage in trade discussions. Consumer confidence in Australia has registered three months of growth, indicating a more positive outlook. President Trump plans to impose tariffs exceeding 10% on certain smaller countries, affecting […]
EUR/USD soars to almost a 3-year peak as US PPI declines, tariff concerns weaken USD
US PPI and CPI disappoint, reinforcing the disinflation narrative and affecting the dollar negatively. Trump’s unresolved tariff threats add to the US dollar’s struggles and diminish demand for high-yield currencies. ECB’s Schnabel suggests an end to the tightening cycle, pushing the euro to a three-year high despite weak data. The EUR/USD has gained for a […]
Forex Today: US Dollar remains under pressure as attention turns to PPI inflation data
Here’s a rundown for Thursday, June 12th: Early Thursday, the mood in the market is a bit tense. Investors are keeping a close watch, particularly ahead of the US Bureau of Labor Statistics (BLS) report and given recent trade updates. There’s also the Producer Price Index (PPI) data for May and a US Treasury auction […]
Pound Sterling rises against US Dollar due to weak US PPI and Retail Sales data.
Pound Sterling is likely to approach 1.3330 against the US dollar, as the dollar weakens following disappointing US economic data. The Federal Reserve is expected to keep interest rates steady at its next two meetings. Investors are looking forward to next week’s UK CPI data for hints about the Bank of England’s monetary policy. Pound […]
PPI Reports Indicate U.S. Consumers Are Not Bearing the Cost of the Trump Tariffs
Tarifflation remains elusive If the warnings about tarifflation were valid, we should have seen signs by now. The recent inflation report from April, reflecting consumer sentiment in the US, indicates that President Trump is implementing new tariffs. These tariffs took effect on April 2, imposing a blanket 10% on imports, with even higher rates for […]
US Futures Waver as PPI Keeps Rate Debate Open: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures firmed after producer price inflation was in line with expectations as investors debated the possibility of a December interest rate cut. Most Read Articles on Bloomberg U.S. Treasury yields rose on the data, with S&P 500 and Nasdaq 100 contracts giving up modest gains, amid signs that post-election stock gains […]
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 […]