Gold breaks down despite soft US core PCE reading, US Dollar recovers

Share: Gold price attracts bids below $1,860.00 after a mild correction in the US Dollar. The US economy remains resilient due to falling inflation, stable labor demand, and robust consumer spending. Fed Kashkari said that current interest rates are not sufficiently restrictive to bring down inflation to 2%. Gold price (XAU/USD) retreats despite the

Yuan loses core support as firms leave China By Reuters

© Reuters. FILE PHOTO: People walk along an elevated walkway at the Pudong financial district in Shanghai November 20, 2013. REUTERS/Carlos Barria/File Photo By Samuel Shen and Tom Westbrook SHANGHAI/SYDNEY (Reuters) – Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy

USD/JPY sees volatility as markets asses US Core PCE and BOJ’s Decision

Share: The pair stands rose nearly to 150.00 after four consecutive days of losses. USD/JPY surrendered earlier gains after the BOJ’s Monetary Policy Statement reaffirmed its ultra-loose policy. Core PCE from the US retreated to 4.1% YoY in June, fueling a decrease in US yields. At the time of writing, the USD/JPY pair is

USD/MXN falls to lows since 2015 following US Core CPI

Share: USD/MXN printed a fresh cycle low on Friday of 16.62 and is poised to close a 1.70% weekly loss. Core US CPI retreated to 4.1% YoY in June. Falling US yields limit the Greenback’s advance as markets start to place bets on the September meeting. On Friday, the USD/MXN pair fell to

XAU/USD پس از US Core PCE بازیابی را به بالای 1910 دلار افزایش می دهد

اشتراک گذاری: دلار آمریکا به دنبال آمار تورم مصرف کننده کاهش یافت. DXY با کاهش 0.4 درصدی از بالاترین سطح دو هفته ای خود عقب نشینی کرد. XAU/USD به بالاترین سطح خود در سه روز گذشته رسید. قیمت طلا در روز جمعه بهترین روز خود را در هفته‌های اخیر سپری می‌کند که با