Oil Analysis, Prices, and Charts The virtual OPEC+ meeting starts on Thursday and may prove fractious. Oil prices are set to tread water ahead of any announcements. Download our complimentary guide on How to Trade Oil Recommended by Nick Cawley How to Trade Oil DailyFX Economic Calendar The oil market may see a further bout
The exchange rate witnessed a notable drop to 17.17 during European trading hours today, as market participants digest the culmination of the Federal Reserve’s interest rate hikes and anticipate further economic indicators from S&P Global PMI data. Earlier this week, on Tuesday, the Federal Open Market Committee (FOMC) released minutes that were perceived as hawkish,
Gold (XAU/USD) Analysis, Prices, and Charts US inflation report the next driver for gold’s price action. The 200-day simple moving average provides short-term support. Learn How to Trade Gold with our Complimentary Guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic Calendar The latest US inflation report is released at 13:30 GMT today
USD/JPY Analysis and Charts USD/JPY is close to 2022’s high of 151.94 That in turn was a 30-year top Strong US consumer price numbers could see the Dollar smash through this again Learn How to Trade USD/JPY With our Complimentary Guide Recommended by David Cottle How to Trade USD/JPY The Japanese Yen was lower against
Nasdaq daily The Nasdaq has extended gains to 1.7% and broken the October high in the process. The rally is particularly impressive given that Treasury yields are in the process of reversing higher. US 2-year yields are at the highs of the day up 3.2 bps to 5.05% after falling as low as 4.97% earlier.
Share: USD/JPY extends its rally for the fifth day, flirting with the 151.00 level, driven by rising US Treasury yields and Fed Chair Powell’s inflation concerns. Market sentiment shifts following the University of Michigan data, indicating lower confidence in the economic outlook and persistent inflation fears. Japanese Yen’s further decline is tempered by
© Reuters. The Japanese yen’s depreciation accelerated today, edging closer to its highest level in 33 years, amid signals from Federal Reserve Chair Jerome Powell that interest rate hikes could continue in the face of persistent inflation concerns. The yen traded at 151.44 to the dollar, a marginal increase of 0.06% from the previous session.
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GOLD PRICE OUTLOOK Gold prices turn lower following hotter-than-expected U.S. CPI data Sticky inflationary pressures boost Treasury yields and the U.S. dollar, creating a challenging environment for precious metals This article looks at XAU/USD’s key technical levels worth keeping an eye on over the coming trading sessions Trade Smarter – Sign up for the DailyFX
© Reuters. FILE PHOTO: Japanese Finance Minister Shunichi Suzuki speaks with the media after a meeting of G7 leaders on the sidelines of G20 finance ministers’ and Central Bank governors’ meeting at Gandhinagar, India, July 16, 2023. REUTERS/Amit Dave/file photo By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister said on Tuesday that authorities won’t rule
