Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up. The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department
NZD/USD takes offers to pare the biggest daily gains in two weeks around six-month high. NZ HYEFU forecasts three quarters of negative GDP growth for New Zealand. RBNZ defends rate hike forecasts by expecting higher levels of employment, inflation. US inflation bolstered calls for Fed’s 50 bps rate and less-hawkish policy in 2023 but surprises
Bitcoin price is up on Dec. 13, and a market-wide rally in crypto prices has some investors hopeful that the intra-day high at $18,105 is a sign that BTC has bottomed. A primary catalyst for the rally appears to be the Consumer Price Index report which showed energy decreasing by 1.6%, which should be welcomed
This week we have two main risk events: the US CPI report and the FOMC meeting. These events will move the market in one way or the other depending on their outcomes. The current sentiment is bearish because after an incredible rally fuelled by worse than expected economic data and less hawkish Fed, the market
This is a market that has been so desperate in looking for any signs of a Fed pivot and any hints of cooler inflation since Jackson Hole in August. The reaction to the last two US CPI prints is a testament to that and the estimates today are showing that annual consumer price inflation is
After attracting funds in October, gold exchange-traded funds (ETFs) witnessed a net outflow of Rs 195 crore last month primarily due to profit booking amidst a rally in the markets. In comparison, the segment had attracted a net inflow of Rs 147 crore in October and Rs 330 crore in September. Prior to that, gold
Yen is so far the clearly weaker one in otherwise ranging markets. Rebound in US stocks and treasury yield overnight was a factor in Yen’s selling. But after all, there is no follow through weakness for now. Traders are generally still cautious ahead of the four central bank meetings later in the week. Before that,
AUD/USD regains some positive traction on Tuesday amid a modest USD weakness. A positive risk tone and softer US bond yields keep the USD bulls on the defensive. Traders now look to the US CPI for a fresh impetus ahead of the key FOMC meeting. The AUD/USD pair attracts fresh buying near the 0.6740-0.6735 region
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The USDJPY is trading at new highs and in the process is testing the highs from last week at 137.85. The high price just reached 137.836. Looking at the daily chart, the price has also moved back above the broken 38.2% retracement of the 2022 trading range at 137.24 and above the November lows which
National Australia Bank survey, confidence (at -4) and conditions (at 20) both dropped ( 0 and 22 priors, respectively). confidence negative for the first time since December 2021 Some of the sub-indexes: sales -2 to a still very strong +28 (resilience in demand citied for this) capacity utilisation just off a record high at 85.2%
NEW YORK: Oil prices gained more than $2 a barrel on Monday on supply jitters, as a key pipeline supplying the United States closed and Russia threatened a production cut even as China’s loosening COVID-19 restrictions bolstered the fuel demand outlook. Brent crude futures were up $2.38, or 3.1%, at $78.48 a barrel by 11:02
Euro is trading as the strongest one today so far, followed by Sterling, Swiss Franc and Dollar. All four currencies are going to have respective central bank meetings this week, and all are expected to hike by 50bps. Australian Dollar is leading commodity currencies and Yen lower. News flow is slow while the economic calendar
Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose as much as 4% in extended trading on Monday after the
NZD/USD seesaws around intraday high, remains indecisive on a day. Convergence of 50-SMA, one-week-old ascending trend appears a tough nut crack for bears. Bulls need validation from 0.6420 to retake control. NZD/USD takes rounds to 0.6390 during early Tuesday as the Kiwi pair traders await more clues to extend the latest recovery from the key