Dollar wobbles as U.S. inflation fuels hopes of slower Fed rate path By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar swayed on Friday, flirting with seven-month lows after a sharp dive overnight as data showed U.S. inflation was slowing, boosting hopes of the Federal Reserve taking its foot […]
EUR/USD prints fresh bull cycle highs, on course for 5-day rally
EUR/USD bulls take on fresh bull cycle highs but bears are lurking. US CPI weakened the outlook for the US Dollar but a cohort of Fed speakers remain hawkish. Breakout traders could be feeling the heat of a sizeable correction in the coming sessions. EUR/USD has popped to a fresh bull high following the day’s Consumer […]
Policy rate will need to be higher for longer
St. Louis Federal Reserve leader James Bullard, following today’s Consumer Price Index data that came in as expected on the whole, besides the one exception on a monthly basis in the headline number, stated that the most likely scenario is inflation remaining above 2%, so the policy rate will need to be higher for longer. Key […]
USD/JPY refreshes day’s low around 131.40 as street sees further softening of US Inflation
USD/JPY has refreshed its day’s low at 131.40 as odds for further US inflation softening soar. Federal Reserve might look to tweak its monetary policy projections if US inflation continues its downside spree. The Bank of Japan is firmly considering an exit from its secular long ultra-loose monetary policy. USD/JPY is hovering near the lower […]
Gold, silver prices fall, yellow metal selling at Rs 55,960 in early trade
The price of gold fell by Rs 170 on Thursday, with 10 grams of the yellow metal (24-carat) trading at Rs 55,960. Silver price also fell by Rs 300 per kilogram from yesterday’s close. The precious metal was selling at Rs 71,500 per kg. The price of 22-carat gold fell Rs […]
Forex Today: Waiting about to end, does not look good for the US Dollar
What you need to take care of on Thursday, January 12: Market players held their breath for a second consecutive day, with major pairs holding on to f Source link
Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hike. Where to for XAU/USD?
GOLD, XAU/USD, US Dollar, Real Yield, AUD/USD, Crude Oil – Talking Points Gold continues to glisten ahead of crucial inflation data The Fed continues to talk tough on rates, but equities rally anyway China’s re-opening has underpinned base metals, Will it boost XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold made an […]
Gold prices fall, yellow metal sells at Rs 56,130; silver remains unchanged
The price of gold fell by Rs 160 on Wednesday, with 10 grams of the yellow metal (24-carat) trading at Rs 56,130. Silver price, on the other hand, remained unchanged from yesterday’s close. The precious metal was selling at Rs 71,800 per kg. The price of 22-carat gold fell Rs […]
XAU/USD to extend its rally on slowing inflation – Commerzbank
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thursday and could lend further tailwind to the yellow metal, economists at Commerzbank report. Inflation rate to have fallen from 7.1% to 6.5% “US inflation data could lend further […]
Japanese Yen at Crossroads as US Dollar Sinks on Fed Comments. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, Crude Oil, Gold – Talking Points The Japanese Yen faces challenges after inflation data The US Dollar slid lower elsewhere and the BoJ has its work cut out The Fed and the rate is driving markets, Will Thursday US CPI move USD/JPY? Recommended by Daniel McCarthy Get Your Free JPY […]