Author: FX
Share: Gold price delivers wild moves as US price pressures remain high in December. Investors seem confident about the Fed reducing interest rates in March. Fed policymakers continue to favor a restrictive policy stance. Gold price (XAU/USD) turns volatile as United States Bureau of Labor Statistics (BLS) has reported hotter-than-projected Consumer Price Index (CPI) data for December. Annual headline inflation accelerated to 3.4% against expectations of 3.2% and the former reading of 3.1%. In the same period, the core CPI that excludes volatile food and oil prices at 3.9% remained higher than expectations of 3.8% but was lower than the prior release of 4.0%.…
US Inflation Rises in DecemberDecember reveals hotter inflation – base effects to be consideredImmediate market reaction from USD, gold and S&P 500 futures Recommended by Richard Snow Trading Forex News: The Strategy December Reveals Hotter Inflation – Base Effects to be ConsideredDecember brought about hotter-than-expected headline and core inflation in the US. Headline revealed a 3.4% increase compared to the same period last year, surpassing the 3.2% expected and the prior 3.1% rise in November. Core inflation only just managed to break below the stubborn 4% mark (3.9%).Given the underlying base effects it isn’t entirely a surprise to see inflation…
Intuitive Machines enters into warrant exercise transaction for $11.8M in gross proceeds Source link
Article by IG Chief Market Analyst Chris BeauchampDow Jones, DAX 40, Nasdaq 100, Analysis and ChartsDax maintains upward moveThe index continued to push higher on Wednesday, helping to shrug off Tuesday’s indecisive session, though a fresh push to the previous highs still eludes it.However, further short-term gains above 16,800 will reinforce the short-term bullish view and see the 17,000 area tested once again. Above this, the index will sit at new record highs.A reversal back below 16,500 is needed to indicate that a deeper pullback is in play.DAX 40 Daily Chart of clients are net long. of clients are net…
© Reuters. FILE PHOTO: People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo (Reuters) – U.S. stock index futures edged higher on Thursday ahead of a consumer inflation print that could test hopes of an early start to interest-rate cuts, while crypto stocks rose after regulatory approval for exchange-traded funds tracking . The benchmark has recovered nearly 17% from its October lows, gaining steam in December after the Federal Reserve hinted it was reining in inflation and rate cuts were “coming into view”. The index is…
Pound Sterling Price Action Ahead of US CPIMajor evet risk is upon us: US CPI, UK GDPGBP/JPY exhibiting a bullish stance, eying 2015 highGBP/USD consolidates ahead of top event risk – seeking directionEUR/GBP triangle pattern reveals tendency for mean reversionElevate your trading skills and gain a competitive edge. Get your hands on the Pound Sterling Q1 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar: Recommended by Richard Snow Get Your Free GBP Forecast Major Event Risk is Upon us: US CPI, UK GDPThe last three trading days have been building up to…
The lower bond yields today is helping to see the dollar keep more sluggish to start European trading. At the same time, equities are also keeping slightly higher on the day. However, it’s tough to read much into it when everything could still change after we get to the US CPI data later.That is still the key risk event for markets today as highlighted here. The bond market will be the main spot to watch as it will have reverberations to broader markets. For now, yields are nudging lower but it’s too early to make any calls that it will…
Share: USD/CAD drops to near 1.3360 on upbeat market sentiment. A quite action is anticipated ahead of the US Inflation data. Oil prices recover amid uncertainty over commercial shipment from Red Sea. The USD/CAD pair drops to near 1.3360 after failing to sustain above the crucial resistance of 1.3400. The Loonie asset continues to struggle as demand for safe-haven assets has dampened due to improved risk-appetite of the market participants. S&P500 futures extended rally in the Asian session, portraying improved appeal for risk-sensitive assets. The US Dollar Index (DXY) has corrected to near 102.20 as bets in favour…
Looking to catch a big move in the markets today? The U.S. CPI report is coming right up and might spur a breakout from gold’s consolidation pattern. Better take a closer look at these levels, so you don’t miss it! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Under the contract modification, the subsidiary will provide all labor, materials, supervision, equipment, production, testing, facilities, and quality assurance necessary to prepare for and accomplish the Chief of Naval Operations Availabilities for critical modernization, maintenance and repair programs.The contract also includes options, if exercised would bring the cumulative value of this contract to $864.14 million; and if all options are exercised, work will continue through November 2030.The work is expected to be completed by April 2024. Source link