CURRENCIES: Top of FormEuro’s Minor Decline: In a holiday-affected market, the Euro slightly dropped against the US Dollar. Persistent Downtrend: The Euro continues its year-long downtrend. Anticipation for German PMI: Market eyes are on Germany’s PMI data release this week, which could …
CURRENCIES: Overview of Market Trends for the Week Ahead: US stock indices and gold prices recovered their losses following concerns over US inflation. Persistent inflation at the producer and consumer levels in the US didn’t deter the stock indices, which …
CURRENCIES: Gold Prices Recovery Recent Surge: Gold prices climbed back above the crucial $2,000 mark, driven by a weaker U.S. dollar and lower Treasury yields following disappointing U.S. economic data. Economic Data Impact Retail Sales Data: January’s U.S. retail sales …
CURRENCIES: US Dollar Updates The U.S. dollar stabilizes after its surge post-CPI data, with the DXY index fluctuating near the break-even point. A lack of further gains does not imply a weakening of the bullish sentiment. Focus on technical analysis …
CURRENCIES: Gold Price Analysis Following US CPI Data Gold prices dropped to a two-month low after US CPI data indicated higher inflation than expected, influencing a hawkish view on Federal Reserve interest rate decisions. This inflation report led to higher …
CURRENCIES: US Dollar and CPI Data Release: The U.S. dollar’s movement shows uncertainty as the market awaits the crucial U.S. Consumer Price Index (CPI) data. This report, expected to indicate a slowdown in inflation to 2.9% from 3.4%, is seen as …
CURRENCIES: Gold Price Trends: Gold prices declined due to an increase in U.S. Treasury yields and a stronger U.S. dollar. Currency Market Movements: The EUR/USD and GBP/USD experienced slight drops but remained above critical technical levels. Anticipation of U.S. Inflation Data: The upcoming …
CURRENCIES: US Dollar and Upcoming CPI Report: DXY index rose, influenced by higher U.S. Treasury yields. Market awaits January inflation data; headline CPI expected to slow to 3.1%, core CPI to 3.8%. Higher than expected inflation could boost U.S. dollar …
CURRENCIES: Gold Price Trends and Influences Gold prices have been fluctuating, stuck in a consolidation phase as they await new catalysts. Upcoming U.S. inflation data could significantly influence gold’s price direction in the near term. Impact of Federal Reserve’s Monetary …
CURRENCIES: US Dollar Performance and Outlook The US dollar saw a significant boost following strong economic data and is poised for further movement based on upcoming Federal Reserve speakers’ comments. Despite a slight softening, the dollar had previously surged over …
