China Producer Price Index (YoY) above expectations (-2.2%) in October: Actual (-2.1%) | FXStreet

By Ope Adetayo ABUJA (Reuters) -Nigeria has arrested seven Polish nationals for raising Russian flags during anti-government protests this week in the northern state of Kano, Peter Afunanya, a spokesperson for the state security service, said on Wednesday. Hundreds of thousands of Nigerians have been protesting since Aug. 1 against President Bola Tinubu’s painful economic…

By RoboForex Analytical Department The USD/JPY pair fell to 147.92 on Wednesday, with the Japanese yen recovering some of its early-week losses as the US dollar softened ahead of the Federal Reserve’s policy meeting. While the Fed is widely expected to keep rates on hold, market focus remains squarely on whether policymakers will signal a…

The major US indices closed higher once again with the NASDAQ index leading the way with a gain of 1.61%. Today’s move was fueled by the expected CPI data (0.2% for the headline and core measure versus 0.3% expected). The S&P index is now positive on the year by 0.08%. The NASDAQ index is within…

By RoboForex Analytical Department  On Thursday, the price of a troy ounce of Gold is lower, approaching 2,560.00 USD. The current value of Gold is at an eight-week low, influenced by the strong US dollar. The market analyses the latest inflation statistics released in the US and draws rather ambitious conclusions. The inflation statistics came…

Events to watch out for today: 15:30 EET. USD – Retail Sales USDJPY: The Japanese Yen (JPY) extends its losing streak against the US Dollar (USD) for the fifth consecutive session following the release of Japan’s Q3 Gross Domestic Product (GDP) data on Friday. The USD/JPY pair’s upside potential is supported by a strong US…