Gold price edges lower as USD benefits from reduced expectations of a 50 bps Fed rate cut. The downside remains limited as traders look to US inflation numbers for a fresh impetus. The technical setup supports prospects for a breakout through a short-term trading range. Gold price (XAU/USD) struggles to capitalize on the previous day’s…
Recent data reveals that speculators, particularly hedge funds and other leveraged investors, have amassed the largest net short position in 10-year Treasury futures ever recorded. This bearish positioning is causing concerns about the future direction of Treasury prices. This article The 10-year Treasury rate chart shows a surprising twist… Did hedge funds miscalculate with their…
UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in…
The Week Ahead – Raising the Bar – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
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Newsquawk.com Week Ahead: Highlights include US NFP & ISMs; BoC rate decision, Canada jobs; Australian GDP and Swiss CPI MON: US & Canada (Labor Day), EZ & UK Final Manufacturing PMIs (Aug), Chinese Caixin Manufacturing PMI Final (Aug) TUE: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing…
The Pound Sterling falls below 1.3150 against the US Dollar after sticky US core PCE inflation. A decline in market expectations for the Fed’s large interest rate cuts supported the US Dollar. The policy-easing spell from the BoE is expected to be slower than that of its major peers. The Pound Sterling (GBP) extends its two-day losing spree…
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, will adversely affect certain features and functions. The technical storage or access is strictly…
US PCE: Defining the Fed’s Rate Cut Path XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
Inflation is not just an economic buzzword; it is a persistent and pervasive force affecting everyone. Despite efforts by the Federal Reserve to tame it, inflation has become a permanent fixture in our lives. The Federal Reserve’s monetary policy, particularly concerning interest rates, plays a crucial role in this scenario. While some experts argue that…