Global Bond Yield Analysis US and UK price pressures slow down. Interest rate forecasts point to a series of cuts next year. DailyFX Economic Calendar The bond market is back in the headlines again as global yields slumped yesterday after the release of the latest US inflation report. While Tuesday’s US CPI report showed both
Gold (XAU/USD) Price, Analysis, and Charts UK CPI came in at a two-year low for October The Core measure also ticked lower Gold prices are closing back in on $2000 Learn How to Trade Gold With Our Complimentary Guide Recommended by IG How to Trade Gold Gold Prices continued to rise in Wednesday’s European session,
Share: NZD/USD weakens as RBNZ’s inflation report suggests an economic slowdown. Kiwi’s Business Services Index fell from the previous reading of 50.7 to 48.9. Downbeat Chinese inflation could impact the Kiwi Dollar. US-China Presidential meeting is scheduled for Wednesday during the Asia-Pacific Economic Cooperation summit in San Francisco. NZD/USD is caught in a
Share: AUD/USD refreshes weekly low near 0.6560 as the broader market mood is risk-off. Fed Powell considered current monetary policy as inadequate to bring down inflation to 2%. The RBA MPS report indicated that further tightening would be largely dependent on incoming data. The AUD/USD pair continues its losing streak for the fifth
Commodity Update: Gold, Oil Analysis Gold heads lower on a stronger dollar and pulls back from overbought territory Gold volatility (GXZ) has witnessed a sharp decline after approaching levels synonymous with the banking turmoil earlier this year Brent crude oil drops as global growth outlook outweighs supply concerns The analysis in this article makes use
Equities and crypto were big winners this week as traders navigated between fresh business sentiment surveys, geopolitics and central bank statements, and found plenty of reasons to lean bullish on risk. Ready to do a quick review to stay in flow with the market environment? If so, let’s check out the major headlines first!
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Prior was 50.2 Composite 50.7 vs 51.0 prelim Prior composite 50.2 business confidence rose to the strongest in four months, Input prices and output charges increased at the weakest rates in three years New orders fell for the third month running, albeit at only a slight pace The ISM services sector survey is due at
© Reuters The US dollar is forecasted to maintain its strength through the end of 2023, despite traditional weakness in the November-December period. This strength is driven by US macro outperformance and a hawkish Federal Reserve. High US rates, described as risk-negative events, are positively influencing the dollar while adversely affecting pro-cyclical currencies in Europe
Geopolitical and economic news flow stayed elevated this week, with both good and bad developments keeping price action mostly in a range. The War premium faded a bit early on as major escalation from Israel was pushed back through Thursday, and traders still had plenty to worry about with global growth, inflation and interest rate
