Key Points: The DXY index declined significantly due to softer-than-expected CPI figures, indicating a potential return to a disinflationary trend. Federal Reserve speculation rises as inflation data suggests possible easing of monetary policy in the fall. The U.S. Dollar Index …
Key Points: Australian dollar rises above $0.67, approaching four-month highs. New stimulus measures in China and interest rate cut expectations in the US collectively boost commodity prices. The Australian dollar (Symbol: AUDUSD) marched towards four-month highs, priced above $0.67, as …
Key points: Brent crude rose 0.3% to $84.24; WTI gained 0.2% to $80.21. U.S. replenishes Strategic Petroleum Reserve with 3.3 million barrels at $79.38 each. Oil prices edged higher in early Asian trading on Monday, adding to last week’s gains. …
Key points: Dollar index stable at 104.46; eyes on US PCE price index report due May 31. USDJPY weakens slightly to 155.80; traders wary of potential government intervention. The dollar held steady on Monday as investors anticipated further guidance on …
Key Points: Gold reaches a record high of $2,430 per ounce amid speculation of Federal Reserve interest rate cuts. Rising geopolitical tensions and strong central bank purchases bolster gold prices. Gold (Symbol: XAUUSD) climbed past $2,430 per ounce on Monday, …
Key Points: Optimism for US stock indexes shortlived since the US inflation data was announced, making record highs and then closing lower. Such pullback was mainly attributed to the rise in bond yields. Hawkish comments from Fed officials weighed on stocks. …
Key points: Nikkei ends lower after a three-day winning streak, influenced by Wall Street and BOJ policy. Broader Topix index posts a weekly gain despite early losses. Japan’s Nikkei share average snapped a three-day winning streak to close lower on …
Key points: Oil prices rise on improving demand signals from China and the US. Brent crude and WTI crude futures are set for weekly gains. Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain …
Key Points: The US Dollar Index (DYX) falls 1% after US inflation data shows decline. Major currencies rose against USD, while gold prices jumped to the $2,400 price level. Lower inflation rekindles hopes of Federal Reserve rate cuts. The US …
Key Points: Australian dollar drops below $0.67 against the US dollar following weak employment data. Increased unemployment and slow wage growth reduce rate hike expectations. With optimism in economy of China, the Australian dollar may be bolstered as it is …
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