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Tag: consumer price index

Pound Sterling edges lower to 1.2450

GBP/USD remains capped below 1.2470, eyes on US data The GBP/USD pair trades on a softer note around 1.2450 during the early Asian trading hours...

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Gold refreshes all-time peak above $2,400 before retracing on risk aversion, strong USD

Gold reaches record $2,431, then pulls back amid stronger US Dollar and reduced inflation concerns. Geopolitical tensions between Iran-Israel spark market volatility, initially raising...

Bitcoin “Looks Healthy” After 2 Months, Backs BTC To Rally Above $74,000

Bitcoin, one analyst notes on X, is looking healthy for the first time since the coin soared to over $70,000, printing all-time highs back in...

Gold retreats as US CPI data diminishes Fed rate cut hopes

Gold drops as US inflation data complicates Fed rate cut intentions. Investors rethink Fed's monetary approach amid persistent inflation as they now expect two rate...

Gold Price Maintains Up Bias with Focus on US CPI, FOMC

The gold price remains bullish as long as it stays above 2,338. The US data should show sharp movements. Only a new higher high activates further...

USD/CAD Forecast: Rate Cut Bets Surge Ahead of US CPI

Analysts expect the headline US inflation figure to have slowed to 0.3% in March. The likelihood of a Fed cut in June rose to 58%.  Traders...

Bitcoin Below $70k But Hong Kong Readies April-End ETF Launch

The Bitcoin price has seen a notable fluctuation, briefly surpassing $72,500 on Monday before dipping below the $70,000 threshold on Tuesday. This movement can...

Gold bulls turn cautious near all-time peak amid reduced Fed rate cut bets, positive risk tone

Gold price enters a bullish consolidation phase near an all-time peak touched on Monday. Reduced Fed rate cut bets cap gains for the non-yielding metal...

USD/INR loses momentum ahead of US CPI data

Indian Rupee gains momentum on Tuesday due to the risk appetite and robust Indian economy outlook.  The upbeat US labour market data and delaying rate...

USD/CHF Price Recovers Above 0.90, Focus on US CPI

The USD/CHF pair seems overbought after failing to hit the upper median line. The fundamentals could change the sentiment on Wednesday. Failing to take out the...

Inflation in Europe unexpectedly softens to 2.4% YoY in March

The Eurozone annual Harmonized Index of Consumer Prices (HICP) rose 2.4% in March, slowing from a 2.6% increase in February, according to the official data released...

USD/JPY holds positive ground around 151.50 following Japanese CPI data

USD/JPY trades on a stronger note around the mid-151.00s on Friday.  Japan’s Kishida said it was appropriate for the BoJ to maintain easy monetary policy.  Fed’s...

Mexican Peso surges to eight year high against US Dollar amid lack of catalyst

Mexican Peso skyrockets sharply toward 16.53 against the US Dollar as USD/MXN contracts 0.65%. Mexico’s narrowed trade deficit and the tighter labor market in Mexico...

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