FOMC: Restrictive Policy for Some Time

[ad_1] USDIndex on Wednesday [11/10] fell -0.04% and recorded a 2-week low, while declining bond yields on Wednesday weakened the dollar as the yield on 10-year T-notes also fell to a 2-week low. In addition, the strength of stocks limited liquidity demand for the dollar. The dollar’s decline was limited after the US PPI in

China September CPI +0.2% m/m (vs. expected +0.3%)

[ad_1] China’s run of low consumer inflation continues. And PPI continues to deflate y/y. The m/m PPI was +0.4%, rising oil a factor pushing it higher. Of more interest will be the trade data due some time around 0300 GMT (11pm US Eastern time). The release time is flexible. This article was written by Eamonn

Euro Plunges After US CPI Data, Leaving EUR/USD at Risk Amid More Bullish Retail Bets

[ad_1] Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro plunges most since early October on US CPI data In response, retail traders boosted upside EUR/USD bets Prices also rejected the key falling trendline from July Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro plunged over 0.8 percent against the

Bearish Winds Prevail but Turnaround Nears, XAU/USD Levels

[ad_1] GOLD PRICE OUTLOOK Gold prices turn lower following hotter-than-expected U.S. CPI data Sticky inflationary pressures boost Treasury yields and the U.S. dollar, creating a challenging environment for precious metals This article looks at XAU/USD’s key technical levels worth keeping an eye on over the coming trading sessions Trade Smarter – Sign up for the

Reversing course, Bank of Russia endorses new currency controls By Reuters

[ad_1] © Reuters. FILE PHOTO: An employee holds Russian 1000-rouble banknotes next to a currency counting machine in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s central bank on Thursday endorsed President Vladimir Putin’s decision

AUD/USD Plummets While USD/CAD Skyrockets

[ad_1] Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Gold Price Forecast: Bearish Winds Prevail but Turnaround Nears, XAU/USD Levels The U.S. dollar, as measured by the DXY, embarked on a furious rally on Thursday after hotter-than-expected U.S. September

Commodities Insight

[ad_1] Oil prices as well as gold benefited from a spike in risk aversion prompted by the escalating conflict in the Middle East. Gas prices also spiked as investors weigh the risk of widening geopolitical tensions. Oil prices have found a footing, after dropping more than 2% yesterday. Saudi Arabia and Russia showed they were