Share: XAG/USD declined by 0.90% to the $22.80 area. Headline CPI from the US from August rose to 3.7% YoY, beating expectations. US yields retreated but remain uncomfortably high for precious metals. In Wednesday’s session, Silver prices retreated and failed to consolidate above $23.00, falling to the $22.80 area. After fresh inflation figures
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/JPY TECHNICAL ANALYSIS USD/JPY advanced last week to its highest level since November 2022, but pulled back after a failed attempt to clear channel resistance, which coincided with comments from Bank of Japan
The Australian labour market has been strong despite the most recent numbers, for July, indicating a decline in jobs. A bounce nack is expected in the August figures coming up today. If this expected rebound doesn’t happen it’ll be taken as a poor sign indeed for the jobs outlook. This snapshot from the ForexLive economic
US DOLLAR ANALYSIS AFTER US INFLATION The U.S. dollar, as measured by the DXY index, advanced modestly on Wednesday following somewhat mixed U.S. inflation figures. Headline CPI rose 0.6% on a seasonally adjusted basis in August, pushing the 12-month reading to 3.7% from 3.2% previously, one-tenth of a percent above consensus estimates. Meanwhile, the core
13th Sep 2023 Forex Market Strategy US Dollar get support at the bottom of the up channel, according to our data analyze , US Dollar is still at the bullrish middle-long term. Today’s strategy (13th Sep 2023) 1. Short(sell) EUR/USD, GBP/USD, AUD/USD when it’s at high. 2. Long China CN50 لینک منبع : هوشمند نیوز
© Reuters. Investing.com – The U.S. dollar stabilized in early European trade Wednesday, as traders cautiously awaited the latest U.S. inflation data, while sterling weakened after the U.K. economy contracted by more than expected in July . At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other
Share: NZD/USD is seeing 0.30% gains and rose to 0.5915. Inflation accelerated in August, driven by higher gasoline prices. US yields initially soared to two-week highs and then consolidated. Fed tightening expectations are still high. In Wednesday’s session, the NZD/USD increased towards 0.5915, near the 20-day SMA of 0.5922. That being said, the upside potential
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XAU/USD PRICE FORECAST: Gold (XAU/USD) Bulls Remain Cautious Following Sticky US CPI. Retest of Recent Lows Grow More Appealing. The Technicals on Gold Remain Conflicted. A Golden Cross Pattern Printed in the Asian Session and a Death Cross Pattern Forming Just Another Sign of the Current Indecision at Play. IG Client Sentiment Shows that Retail
Wall Street succumbed to further profit taking as concerns over tech weighed. This morning, stock markets headed south across Asia, as markets wait for the key US CPI numbers due to be released today. The USDindex tumbled into the close with the index sliding to 104.573 from the day’s high of 104.918 after a Reuters report said the ECB saw inflation holding over
