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Gold Declines for the Second Consecutive Week as the Fed Seems HawkishThe gold (XAU) price increased by 0.45% on Friday. Still, it had a second straight weekly fall as higher-than-expected inflation...
Trade Ideas for Friday 15th February 2024 If you managed to buy some EUR/JPY at 160.90 (this was the low for the day so it would have been tough to get the position on I know), the pair immediately...
The S&P 500 rebounded past the 5000 yesterday. This time, a mixed set of manufacturing data and a drop in US retail sales – which fell the most in almost a year – were brought forward...
XAU/USD Drops Below 2,000 for the First Time in 2 MonthsThe US Dollar Index (DXY) rallied sharply and reached a 3-month high on Tuesday, while the gold price plunged. The price of gold fell below...
US CPI Key PointsUS CPI is expected to fall to 2.9% y/y, with the “Core” (ex-food and -energy) reading coming in at 3.8% y/y. The recent surge in the “Prices” component of the...
Ahead of the inflation data tomorrow, the US dollar is trading sideways and hovering near three-month highs. The greenback is currently approaching a key resistance level and could break higher if CPI...
Today sees one of the key event risks of the week – the annual US CPI benchmarks revisions. The Fed’s current position is that it is looking for confidence in the disinflation process....
EUR/USD is slightly lower on Wednesday. In the North American session, the euro is trading at 1.0751, down 0.20%.German inflation expected at 0.2%Germany’s CPI is expected at 0.2% m/m on Friday,...
The euro is back at 0.8520 against the pound. The pair bounced off this level in June and August last year. Reaching the same level in late January triggered a shake-out, but active declines resumed...
The EUR/USD remains bearish, with traders cautious due to uncertain Fed easing expectations. Dollar rally eased as bond yields fell back, supported by stronger ISM services PMI, while Fed officials'...
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