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 …
The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of …
Key Points: US consumer prices slowed more than expected in April, providing relief to concerns on persistent inflation S&P 500, Nasdaq and Dow Jones reach new record highs, signaling strong investor confidence. Meme stocks surged alongside Bitcoin, reflecting increased …
Key points: Platinum nears One-Year high: Platinum prices reach their highest level since May 22 of last year. Gold eyes $2,400 level: Analysts suggest gold could soon capture the $2,400 per ounce mark. Gold prices climbed slightly higher on Thursday, …
Key points: Asian Markets Rally: Fresh optimism about potential U.S. interest rate cuts boosts stocks across Asia, despite ongoing concerns in China and Japan. Major Economic Indicators: Upcoming reports on Japan’s GDP, Australian unemployment, and monetary policy in the Philippines …
Key Points April CPI Release: Headline CPI expected to rise 0.4%, with annual rate reducing to 3.4%. Core CPI: Expected increase of 0.3%, lowering 12-month reading to 3.6%. On Wednesday, the U.S. Bureau of Labor Statistics will release April’s consumer …
Key Points: WTI crude futures approach $79 per barrel following disruptions in Canada’s oil sands production and a larger-than-expected decline in US crude oil inventories. OPEC+ exceeded production limits by 568,000 barrels per day, however such overproduction aligns with demand …
Key points: China’s proposal to buy unsold homes lifts AUD/USD as the country attempts to support its struggling property market. This move is also positively affecting other major currencies like EUR, NZD, GBP, and CAD against the USD. China is …
Key Points: The Japanese yen (JPY) shows weakness against major currencies in response to risk-on sentiment fueled by potential US rate cuts. Revised March PPI data and strong April figures influence expectations, leading to a 51% likelihood of a Fed …
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