Melbourne Institute monthly inflation gauge flat m/m prior +0.2% +5.7% y/y prior +6.1% For the trimmed mean, +0.1% m/m and +5.1% y/y prior +0.1% m/m and +5.7% y/y This indicator is moving in the right direction for the RBA. CPOI levels are still elevated though. And the trimmed mean, while having dipped, is showing underlying
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices fell the most last week since June 2021 And now, 85% of retail traders (IGCS) are net-long Overall, things are not looking great for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices sank about 4 percent last week. To give
Share: Federal Reserve (Fed) Bank of New York President John Williams said on Friday that the central bank may be done raising interest rates since inflationary pressures are going back towards the 2% target, although still elevated. Key quotes “Monetary policy is having the desired effects on the economy.” “Fed is at or
S&P 500 futures have opened with a small gap higher after a weekend with more encouraging news on China’s economy and funding for the US government: This chart is from our charting app, which is free and can be found at this link You can check out the gap up for NQ at that app
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An update on US governance. The US Congress passed a last-minute stop gap bill to keep the government running for 45 days while disputing parties, and warring factions within them, try to hammer out a more enduring agreement. The House passed the band-aid spending bill on Saturday The Senate the bill later that same evening
© Reuters By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday Japanese authorities have set no “defence line” in dealing with currencies, while also warning the yen’s weakness had progressed “quite a bit”. Suzuki reiterated that they would not rule out any option if moves become excessive. The weak yen is
China Caixin Manufacturing PMI came in at 50.6 below forecasts (51.2) in September لینک منبع : هوشمند نیوز
The AUDUSD sellers had their shot this week with a move outside of the “Red Box” that has confined the pair between 0.6356 and 0.65214 for 7 trading weeks now. The failure to break – and move lower this week – has given the buyers a go-ahead to push higher midweek. Yesterday the price returned
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar broadly outperformed against its major counterparts in the third quarter of 2023. Relatively speaking, it performed the best against the British Pound, Japanese Yen and Australian Dollar. Meanwhile, the Chinese Yuan fared better. A key theme throughout the third quarter was the evolving
