US inflation rises in January and consumer spending surges, boosting expectations for more rate…
The US personal consumption expenditures (PCE) Fed’s preferred indicator for inflation, which makes the key contribution to monetary policy decisions, increased 5.4% y/y in January, compared to December’s upwardly revised 5.3% and above…
Read More...
Read More...
Bears hold grip ahead of key US PCE inflation data
Gold price is holding within a narrow range on Friday, ahead of key event of the day – release of US PCE data.
Overall picture remains bearish, following recent strong US economic data and hawkish rhetoric from Fed, which contributes to…
Read More...
Read More...
German economy contracts in Q4, adding to recession fears
German economy contracted by 0.4% in the last three months of 2022, dipping below expectations and compared to 0.2% decline in the third quarter.
The second negative quarterly result was signaled by a drop in a number of components which…
Read More...
Read More...
Bulls may hold in extended consolidation before attacking key barriers
The USDJPY regained traction and rose near new multi-week high in early Friday’s trading, but the price action is still within the limits of a consolidation range of past three days.
The dollar remains supported by Fed’s recent hawkish…
Read More...
Read More...
Euro looks set for further losses
The Euro remains at the back foot in early Friday and on track for a weekly loss of around 1%, which adds to negative near-term outlook.
Risk aversion keeps the single currency under pressure, as US dollar received fresh boost from hawkish…
Read More...
Read More...
Eurozone core inflation edges higher in January, warns of persistent underlying price pressures
Eurozone consumer prices rose above expectations in January, signaling that underlying price pressures persist and show no signs of easing, although a number of economists remain optimistic and saying that inflation has peaked and is…
Read More...
Read More...
Hawkish Fed adds to dollar’s bullish stance, shallow dips likely to precede fresh gains
The dollar is consolidating within a tight range in early Thursday, following advance previous day and keeps overall bullish tone.
The minutes of Fed’s last policy meeting, released on Wednesday, reiterated central bank’s hawkish stance,…
Read More...
Read More...
Crude oil remains under pressure on expectations of hawkish Fed
The WTI oil hit new two-week low on Wednesday as demand concerns were offset by expectations that the Fed may signal that higher interest rates might be needed.
All eyes are on minutes of Fed’s last policy meeting, due to be released later…
Read More...
Read More...
Fresh risk aversion deflates Aussie dollar
The AUDUSD remains in red for the second consecutive day on Wednesday, after recovery attempts were repeatedly capped by daily Tenkan-sen / 50% retracement of 0.7028/0.6811 downleg (0.6920) and bears regained full control on renewed risk…
Read More...
Read More...
German inflation remains elevated in January
German annualized inflation, harmonized to compare with other EU bloc’s member countries, rose by 9.2% in January, in line with expectations and slightly below 9.6% in December, while monthly inflation rose by 0.5%, after dropping by 1.2%…
Read More...
Read More...