Aussie CPI Shows RBA Inflation Battle Tougher Than Expected
Pause for ThoughtWith the RBA being one of the first central banks to pivot on rates this year, the latest Aussie inflation data will no doubt be disappointing. Year-on-year, inflation came in at 7.3% last month, marking a sharp rise from the prior month’s 6.9% and a beat on the 7.2% market forecast. Core inflation […]
Gold spot prises are on the rise as US inflation remains high
How many times have you read or heard that gold is a safe haven for investors and traders? Numerous is probably the answer. High inflation figures recorded in most major economies seem to have boosted gold spot prices as demand has increased. Gold spot prices hovered around $1,884 per ounce on January 12th. Gold […]
US annual CPI inflation drops to 6.5% % in December as expected
The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 6.5% on a yearly basis in December from 7.1% in November. This reading came in line with the market expectation. On a monthly basis, the CPI declined by 0.1% following November’s […]
Consumer prices fell 0.1% in December, in line with expectations from economists
Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. […]
EURUSD Bullish As Key US Inflation Data Approach
EUR/USD analysis, Prices, and Charts The Euro has risen sharply into 2023, extending its runup Hopes that US inflation may be peaking has been a key driver Eurozone interest rates may have much further to rise Recommended by David Cottle Download our brand new Q1 Euro guide EUR/USD action has been dominated by the ‘USD’ […]
Headline inflation expected to fall to 2% target in 2H 2025 – ECB economic bulletin
> Headline inflation expected to fall to 2% target in 2H 2025 – ECB economic bulletin The ECB releases its economic bulletin for December Justin Low Thursday, 12/01/2023 | 09:15 GMT-0 12/01/2023 | 09:15 GMT-0 Inflation is expected to decline from an average of 8.4% in 2022 to 6.3% in 2023 Inflation is then expected […]
Market Update – January 12 – Inflation Day
Stock market sentiment remains supported ahead of the US inflation report, with markets starting to look past the current wave of tightening moves and buying into hopes that final rates will be reached sooner rather than later this year. Yields have come down and stocks are benefiting. Australia and New […]
Gold Optimistic About Softening U.S. Inflation
GOLD OUTLOOK & ANALYSIS Markets already pricing in weaker U.S. inflation, gold bid U.S. CPI and Fed officials in focus. Bearish divergence could see sharp pullback on daily XAU/USD should inflation remain high. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold is trading higher this morning ahead of the much […]
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 […]
Yen jumps; dollar tentative ahead of U.S. inflation data By Reuters
© Reuters. FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. REUTERS/Shohei Miyano By Rae Wee SINGAPORE (Reuters) – The yen got a boost on Thursday on expectations that the Bank of Japan will review the side effects of its monetary […]