I posted earlier on this ICYMI: The monthly CPI data from Australia does not show all components of the CPI, that’ll have to wait for the quarterly data release. For the July – September quarter we’ll get that in October. Nevertheless, we will receive some information from the monthly release today. Earlier previews: From the
Share: US inflation expectations can be held responsible for the market’s latest dislike for the US Dollar, after fueling the Greenback to the multi-day high in the last week. That said, the inflation expectations, as per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED) data, reverse Friday’s
Share: Gold Price stays defensive within multi-day-old falling wedge after snapping four-week downtrend. Mixed United States data, pullback in Treasury bond yields lure XAU/USD buyers within bullish chart pattern. Federal Reserve Chairman Jerome Powell, other policymakers defend hawkish bias but cite data dependency to prod Gold bears. Fed’s preferred inflation gauge, NFP will
Recommended by Daniel Dubrovsky Get Your Free Gold Forecast The US Dollar mostly outperformed against its major counterparts this past week. The British Pound, Euro and Canadian Dollars were some of the worst-performing majors while the Chinese Yuan and Australian Dollar fared better. Taking a look at commodities, gold performed well while crude oil prices
Share: European Central Bank (ECB) President Christine Lagarde stated on Friday that critical inflation expectations remain anchored at 2%. She emphasized the importance of these expectations and expressed confidence that inflation numbers would look different by the end of the current year. During an interview with Bloomberg TV, Lagarde mentioned that they would
Disinflation has to be ‘timely’ and ‘sustainable’ German growth not broken and demonstrating resilience Proximity to war in Ukraine part of the reason for differing economic paths for US and Europe Changing inflation target would be ‘deceptive’ and counter to anchoring expectations That’s a dovish headline from Lagarde, though hardly a signal about a Sept
Share: Federal Reserve Bank of Philadelphia President Patrick Harker told Bloomberg on Friday that he doesn’t see the need now for additional rate increases but added that he could call for more hikes if inflation retreat stalled. Additional takeaways “Should hold rates steady and see how policy affects the economy.” “Labor markets are
US equity markets pulled back strongly yesterday with US30 having its worst day since March, US100 its second worst in August and US500 swinging down $105 from the daily high to the daily low and drawing a big bearish engulfing pattern. The mighty NVDA started trading up 6.50% and ended the day +0.10%; JPN225 leads
Share: Economists Société Générale analyze USD/MXN outlook ahead of Mexican first half-month inflation. Mid-month CPI data is set to show further deceleration The mid-month CPI data for Mexico is set to show further deceleration in the headline inflation to 4.61% from 4.78% and in core to 6.24% from 6.52%. The minutes of the
Share: Gold price prepares to extend upside ahead of US PMI data. Fed’s Barkin hopes that the US recession will be “less severe”. Strength in Gold prices has come from restrictive upside in US Treasury yields. Gold price (XAU/USD) strengthens this week as the rally in US Treasury yields halts amid fading hopes
