US Crude Ticks Up After US CPI, Holds Most OPEC-Inspired Gains
OPEC and the IEA have both upped their oil-demand forecasts while US inflation report bolsters hopes that rates will stay on hold
OPEC and the IEA have both upped their oil-demand forecasts while US inflation report bolsters hopes that rates will stay on hold
U.S. headline CPI eased to 3.2 % year-on-year in October, down from September’s 3.7%, a slow but welcome directional improvement for the Fed, which targets an inflation rate that averages 2.0% over time.
The latest US inflation report will be released later in the session and is expected to show that price pressures are easing. Will this be enough to send gold back towards $2,000/oz?
The euro attempts to grind higher in a week filled with Fed speakers and the potential for a continuance of softer US data (CPI, retail sales). Yen depreciates further
Indices have turned cautious as the key event of the week, US consumer price inflation, looms large on the calendar today.
GBP prices rallied despite a fall in employment change as unemployment and average earnings stole the show. Pound remains bid.
This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance following the October U.S. inflation report due for release on Tuesday.
This article discusses possible scenarios for gold prices, EUR/USD and the Nasdaq 100 that may develop following the release of the October US inflation report. The piece also examines key technical levels worth watching in the short term.
Risk sentiment can be positively impacted by softer inflation and retail sales data but the threat of another potential US government shutdown poses a major challenge
The Japanese Yen has been hit hard by the Bank of Japan’s commitment to loose monetary policy, even as focus shifts to the US