EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]
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China Consumer Price Index (MoM) below expectations (-0.1%) in October: Actual (-0.3%) Source link
China Producer Price Index (YoY) below forecasts (-2.5%) in October: Actual (-2.9%) Source link
China Consumer Price Index (YoY) came in at 0.3% below forecasts (0.4%) in October Source link
EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800 […]
China Consumer Price Index (YoY) below expectations (0.6%) in September: Actual (0.4%) Source link
China Producer Price Index (YoY) below expectations (-2.5%) in September: Actual (-2.8%) Source link
The Dow Jones climbed into an all-time peak on Friday. US PPI figures showed September producer-level inflation stayed flat overall. Upbeat bank earnings helped to further bolster equities. The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI) […]
Gold price gains positive traction for the second straight day amid bets for additional Fed rate cuts. A softer risk tone further benefits the safe-haven precious metal and contributes to the positive move. Fading hopes for a more aggressive easing by the Fed underpin the USD and cap the XAU/USD. Gold price (XAU/USD) retreats a […]
EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in […]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet […]
