Gold steady near $3,650, close to its record high after near $3,675 seen on Tuesday. US PPI fell 0.1% MoM in August, after a downwardly revised 0.7% gain in July and below forecasts of a 0.3% increase. Technicals continue to show a strong bullish structure, with immediate support at $3,617 followed by $3,556. Gold (XAU/USD)…
Inflation data releases are among the most important events in global markets. Traders across forex, bonds, equities, and commodities prepare for them with anticipation. The main focus is on CPI and PPI reports because they show how prices are moving in an economy. When these figures are published, markets react instantly. Prices shift because traders…
China Producer Price Index (YoY) below forecasts (-3.3%) in July: Actual (-3.6%) Source link
China Producer Price Index (YoY) below forecasts (-2.6%) in April: Actual (-2.7%) Source link
Candlesticks provide traders with invaluable insights into market trends, emotions, and underlying strength or direction. By analyzing candlestick formations, investors can identify potential shifts in market sentiment and make more informed decisions. What Are Candlesticks? Each candlestick represents price movements over a specific time frame, such as one day on a daily chart or one…
Understanding Inflation Trends: CPI and PPI Data During the week of December 9 through December 13, 2024, key economic indicators highlighted persistent inflationary pressures in the U.S. economy. Investors closely monitored the Consumer Price IndexThe Consumer Price Index is a measure of the average price level of a basket of goods and services that are…
As investors prepare for a pivotal week, the Federal Reserve’s policy decisions and earnings from major companies such as General Mills, Darden Restaurants, and Nike are poised to dominate market sentiment. Additionally, legal battles and economic indicators add layers of complexity, providing ample opportunities for market watchers to strategize. The Qualcomm vs. Arm Holdings Trial…
China Producer Price Index (YoY) below forecasts (-2.5%) in October: Actual (-2.9%) Source link
EUR/USD finds temporary support near 1.0900 as the Euro outperforms its major peers. The Euro gains despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures. Investors await the US PPI for fresh cues on the Fed’s interest rate outlook. EUR/USD moves slightly higher to near 1.0950 on Friday after a sharp…
Newsquawk Week Ahead – 23rd-27th September – Forex Forum September 20, 2024 /Posted byGVI Forex / 36 / Source link