Market OverviewOn Thursday, Federal Reserve Chair Jerome Powell indicated that there is no immediate urgency to reduce interest rates, citing robust economic conditions, a strong job market, and persi
Tuesday, 19 November 2024, 12:00Eurozone CPI (YoY) (Oct)In October, annual inflation in the Eurozone rose, with the preliminary Eurozone CPI reading climbing to 2% from 1.7% in September, according to
Hot spot trackingThe annual rate of U.S. PPI in October was 2.4%, higher than the expected 2.3%. The previous value was revised up from 1.8% to 1.9%. Bearish for the dollar.The number of people filing
Product: XAU/USD Prediction: Decrease Fundamental Analysis: Spot gold prices dropped again, hitting a two-month low during the session as the rising U.S. Dollar Index reached a yearly
On Thursday, gold remained below its opening price for the fifth consecutive day, suppressed by the dollar's fifth straight day of gains. A slightly hotter inflation report and solid employment data f
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Market OverviewCPI data from yesterday came out as forecasted, resulting to an appropriate change to the FED expectations for a rate cut from 60% yesterday to an 82.8% chance of a cut happening this D
On Wednesday, due to the expected rebound of the US CPI in October, the US dollar index remained strong and unchanged, ultimately closing up 0.522% at 106.48, setting a new high for the year. The coll
U.S. CPI came higher than the previous reading and pushed the dollar higher. Wall Street rally halted as the market perceived a more restrictive policy from the Fed. Gold faced strong downside pressur
Market OverviewCPI data from yesterday came out as forecasted, resulting to an appropriate change to the FED expectations for a rate cut from 60% yesterday to an 82.8% chance of a cut happening this D
Market OverviewCPI data from yesterday came out as forecasted, resulting to an appropriate change to the FED expectations for a rate cut from 60% yesterday to an 82.8% chance of a cut happening this D
Product: XAU/USD Prediction: Decrease Fundamental Analysis: Spot gold closed down $25.39 on Wednesday, a 0.98% drop, ending at $2,572.64 per ounce. Gold prices fell sharply as the US d
On Tuesday, the US dollar index continued its upward trend, hitting a high of 106.182 during trading and ultimately closing up 0.404% at 105.93. The collective surge in US bond yields, with the benchm
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Hot spot trackingFed-Kashkari: Interest rate cuts may be paused if inflation rises unexpectedly before December. Bullish for USD.World Gold Council: Global gold ETFs are expected to decrease by US$809
The dollar index (DXY) reaches a new high ahead of the U.S. CPI reading. Wall Street Retreat as the Treasury yield continues to surge. The gold was weighed on the strengthening gold and reached its re
Product: XAU/USDPrediction: DecreaseFundamental Analysis: On Tuesday, November 12, gold prices fell sharply to a nearly two-month low as the U.S. Dollar Index hit a four-month high. This makes holding
Market OverviewAustralian wages show no change at 0.8%, ten basis points below expected growth for this months report. Meanwhile, focus shifts to inflation reports from the FED later this evening. Dep
Market OverviewAustralian wage growth remains static at 0.8%, lagging ten basis points below the forecasted increase. With the FEDs inflation report due tonight, market sentiment could pivot based on