The July Consumer Price Index (CPI) landed at 12:30 GMT on every line the consensus had written for it, and the Dow Jones Industrial Average (DJIA) has spent the hours since handing back the few minutes of enthusiasm th…
The Pound Sterling (GBP) holds firm within familiar levels on Wednesday after the US inflation report was in line with estimates, a relief for the Federal Reserve (Fed), which is laser-focused on tackling higher prices.…
NZD/USD retreats to around 0.5865 on Wednesday at the time of writing, down 0.25% on the day. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD), while inflation data from the United States …
UOB’s Quek Ser Leang and Lee Sue Ann note AUD/USD rebounded to close around 0.7062 after the RBA left its cash rate at 4.35%. Intraday, they see scope for the Australian Dollar to edge higher, though a sustained break a…
The British pound edged higher against the US dollar in early trading on Monday, as currency markets braced for the latest US Consumer Price Index (CPI) report that could shape the Federal Reserve’s next policy move. As…
West Texas Intermediate (WTI) US Oil reverses lower on Wednesday and trades around $81.60 at the time of writing, down 0.77% on the day.
The Australian Dollar (AUD) is up against its major currency peers, trading marginally higher at around 0.7068 against the US Dollar (USD) during the European trading session.
The US Bureau of Labor Statistics (BLS) will publish the July Consumer Price Index (CPI) data on Wednesday. The report is expected to show a small decline in consumer inflation and core inflation.
Brown Brothers Harriman’s (BBH) Elias Haddad notes markets are steady ahead of the United States (US) July Consumer Price Index (CPI) release, which is seen as pivotal for Fed funds expectations and the Dollar.
Chris Turner at ING notes EUR/USD remains lacklustre despite better Eurozone data and upside surprises, as high European natural gas prices and Gulf tensions weigh on the Euro. He argues that a soft US CPI print could a…
The Euro (EUR) is paring previous gains against the Japanese Yen (JPY) on Wednesday, weighed by a mild risk-off market mood as tensions in the Middle East grow.
NZD/USD continues its losing streak for the third consecutive day, trading around 0.5870 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground on increased safe-haven demand amid …
The USD/CAD pair ticks higher during the Asian session on Wednesday, snapping a three-day losing streak to the 1.3915 area or its lowest level since June 10. Spot prices, however, lack bullish conviction and trade aroun…
Gold (XAU/USD) attracts some dip-buyers during the Asian session on Wednesday, stalling the previous day's retracement slide from the $4,435 region, or the highest level since June 5. The commodity, however, remains bel…
GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500 during the Asian hours on Wednesday. The currency pair continues to hold its losses as the US Dollar (USD) gains strength ahead of a c…
The USD/JPY pair touches a one-and-a-half-week high during the Asian session on Wednesday, with bulls now looking to build on the momentum further beyond mid-159.00s amid a supportive fundamental backdrop.
Silver price (XAG/USD) trades 1.1% higher at around $65.40 during the Asian trading session on Wednesday. The white metal reflects strength ahead of the United States (US) Consumer Price Index (CPI) data for July, which…
The Reserve Bank of Australia (RBA) unanimously held rates at 4.35% in August, but major economic forecasters offer varying takes on what comes next:
AUD/USD depreciates after registering modest gains in the previous day, trading around 0.7060 during the Asian hours on Wednesday. The currency pair loses ground as the US Dollar (USD) rises ahead of a crucial inflation…
The single currency registers minimal losses against the Greenback on Tuesday as traders and market participants prepare for the release of the US Consumer Price Index (CPI) on Wednesday, which could set the path for th…
Standard Chartered’s Nicholas Chia reports that the Reserve Bank of Australia (RBA) kept the cash rate at 4.35% in a unanimous decision, as widely expected. Chia notes the RBA sees inflation returning to the midpoint of…
Commerzbank strategists note July Consumer Price Index (CPI) eased to 2.0% year-on-year, below consensus, mainly due to softer retail fuel prices. While core CPI has been gradually rising, overall price pressures are de…
The US Dollar Index (DXY) is trading little changed in the vicinity below the 100.00 price zone ahead of the United States (US) July Consumer Price Index (CPI), which is expected on Wednesday. Investors expect the repor…
GBP/USD traded at 1.3508 on Tuesday, holding near 1.3500 and extending a recovery that began at the late-June low of 1.3150. The pair sits above its 50-day moving average, testing the highs of last week's range, with 1.…