Gold August futures have surged nearly Rs 1,200 so far in July, opening today at Rs 72,820 per 10 grams, while silver September futures have increased by Rs 3,900 in the same period, with prices opening today at Rs 93,476 per kilogram. Gold and silver closed with mixed results ahead of US inflation data, while
Dollar tumbled sharply in early US session following lower-than-expected consumer inflation readings. Headline CPI showed its first month-over-month decline since early 2023, while core CPI annual rate unexpectedly slowed to its lowest level since April 2021. Now, a September Fed rate cut is becoming a realistic possibility. Fed fund futures are quick to react and
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its forecast fell short of analysts’ estimates as carriers discounted fares after expanding flights. In the current quarter, Delta expects
FX option expiries for July 11 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0650 1.5b 1.0700 2.8b 1.0745 1.5b 1.0770 1.8b 1.0815 758m 1.0860 989m 1.0900 1.3b – USD/JPY: USD amounts 159.50 455m 160.00 567m 160.20 832m 161.00 1.5b 161.50 901m 162.35 690m – USD/CHF: USD amounts 0.8935 696m
The past few days I’ve been posting about the trending GBPJPY. The pair has been trending since it’s most recent swing low back on June 14. Initially, the price needed to get back above its 100 and 200 hour moving averages. Then it needed to stay above those moving averages, and it has (see point
Later today, Thursday, 11 July 2024, we get the US consumer inflation data. Due at 1230 GMT, which is 0830 US Eastern time. What to expect. This snapshot from the ForexLive economic data calendar, access it here. Taking a look at the range of expectations compared to the median consensus (the ‘expected’ in the screenshot
Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel. U.S. crude inventories fell by
New Zealand Dollar plunged sharply after RBNZ’s more dovish than expected statement caught the market off guard. RBNZ’s indication of potential future rate cuts was unexpected, even though it’s not a hint on an imminent move. The central bank’s timing of this shift in tone is puzzling, as Q2 CPI data will only be available
An Aldi supermarket in Alhambra, California, on June 27, 2024. Eric Thayer | Bloomberg | Getty Images A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent
A vacillating session saw the Greenback extend its weekly consolidation amidst erratic performance in the risk complex, as investors evaluated another congressional testimony by Chair Powell prior to the publication of US CPI data. Here is what you need to know on Thursday, July 11: The USD Index (DXY) kept the vacillating mood just above
In the kickstart video for July 10, 2024, I break down the technicals that are driving the three major currency pairs: EURUSD USDJPY GBPUSD Today I give a bonus look at the NZDUSD as it is the biggest mover after the RBNZ rates unchanged but it was considered a more dovish unchanged decision. Technically, The
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Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) kept its growth forecast for oil demand unchanged for this year and next, while U.S. crude and gasoline inventories likely fell last week. Brent futures were down 11 cents, or 0.1%, at $84.55 a barrel at 1212 GMT, after falling 1.3%
Yen continues its extended selloff today, except against New Zealand Dollar, in an otherwise subdued forex market. Reports indicate that BoJ may lower its economic growth forecasts for this year at its meeting later in July, while predicting that inflation will hover around 2% target in the coming years. These updated forecasts could keep the
The Japanese Yen defends gains as the US Dollar turns south ahead Fed Chair Powell’s second testimony. Powell stated that a rate cut is not appropriate until the Fed gains confidence that inflation is moving toward 2%. The Bank of Japan is poised to assess a viable strategy for scaling back its government bond purchases. The
Ther GBPJPY continues to skim along the 100 hour MA The GBPJPY has been trending higer since mid-June. That move to the topside has been using the 100 and 200 hour MAs since mid-June as the roadmap or guiding light. When there were some dips below the 100 hour MA, either the 200 hour MA
Still solid rises for inflation at the wholesale level. USD/JPY is little changed around 161.36 — The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI) its a measure of the average change over time in the selling prices received by domestic producers for their output is calculated