High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices fell in a volatile trade on Wednesday after data showed U.S. consumer prices rebounded as expected in July, pouring water on expectations for a sizeable rate cut from the Federal Reserve next month. Spot gold fell 0.4% to $2,455.91 per ounce by 1338 GMT. U.S. gold futures slipped 0.5% to $2,494.50. “A September
The market’s initial reaction to US CPI data has been relatively subdued. While both headline and core CPI readings slowed in July, they remain elevated. This ongoing disinflation is a positive sign for the Fed, but the pace is not rapid enough to justify a larger rate cut in September. As a result, US stock
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September. The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate
In this article FLTR-GB DKNG Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs on the wall in the reception area at Fanduel Inc.’s offices in Edinburgh, U.K., on Tuesday, Feb. 7, 2017. Chris Ratcliffe | Bloomberg | Getty Images Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8%
Sterling is dropping this morning after the release of the UK July inflation report, which showed below-expectation prints across the board. Headline CPI re-accelerated less than expected to 2.2%, but the biggest news was the larger drop in services inflation from 5.7% to 5.2% (consensus was 5.5%, Bank of England forecast 5.6%). Core inflation also
Fundamental Overview Yesterday, the US PPI report missed expectations by a big margin triggering a selloff in the US Dollar as the market started to position into a potentially soft US CPI release today. The UK CPI this morning missed estimates across the board as well and raised the probabilities of a back-to-back cut in
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold October futures contracts on the MCX opened flat today at Rs 70,533 per 10 grams, down by 0.23% or Rs 166. Silver September futures contracts were trading at Rs 81,000 per kilogram, down by 0.06% or Rs 49. The prices of gold and silver have both decreased slightly over the past 2 days. Gold
New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in October or November. The selloff gained further momentum after RBNZ Governor Adrian Orr disclosed that a 50bps cut had been
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department’s Bureau of Labor Statistics reported Tuesday. Excluding
In this article 700-HK Follow your favorite stocksCREATE FREE ACCOUNT Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s how Tencent did in the
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is set to hold a press conference following the announcement of the monetary policy decision on Wednesday at 02:00 GMT. Orr will respond to questions from the press. At its August policy meeting, the RBNZ decided to cut the cash rate by 25 basis points (bps)
The major US indices got a boost from lower-than-expected PPI data. Tomorrow the CPI will be released. The PPI data does not necessarily translate into the CPI, but there is some crossover to the PCE data that will be released later this month. Tomorrow, CPI is expected to show a 0.2% gain after a -0.1%
US PPI data came in tamer than expectations with a rise of 0.1% vs 0.2%. The YoY fell to 2.2% from 2.7%. The core ex food and energy was down to 2.4% from 3.0%. That is good news and although it does not necessarily translate into a better CPI tomorrow, hope springs eternal. The data
Gold prices eased on Tuesday but hovered near a one-week high, while markets awaited a key U.S. inflation data that could provide further insight into the U.S. Federal Reserve‘s next policy decision. FUNDAMENTALS * Spot gold fell by 0.2% to $2,466.69 per ounce, as of 0155 GMT, after hitting its highest since Aug. 2 earlier
Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury yield dipping in response. While the softer PPI readings provide some relief to those hoping for monetary easing from Fed,
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a