Gold declines over 1% as US PPI rises unexpectedly, countering a weak jobs report and complicating disinflation narrative. Investors anticipate a potential Fed rate cut with high expectations of a 25 bps reduction next week. US Treasury yields see a slight increase, adding pressure to Gold prices as market prepares for upcoming Fed decision. Gold
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European majors are broadly under pressure today, with Swiss Franc leading losses. SNB’s unexpected 50bps rate cut caught markets off guard, and its significantly downgraded inflation projections suggest more easing is on the table for 2025. Meanwhile, Euro managed to hold steady after ECB’s widely anticipated 25bps cut. ECB demonstrated clear confidence in its inflation
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The EUR/USD is following a well-defined technical script after the ECB’s 25-basis-point rate cut. The pair initially dropped to a low of 1.0463, just above the upper boundary of a key swing area between 1.0448 and 1.0461. Buyers stepped in at this risk-defining level, triggering a rebound. The subsequent upside move took the price toward
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A measure of wholesale prices rose more than expected in November as questions percolated over whether progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, or PPI, which measures what producers get for their products at the final-demand stage, increased 0.4% for the month, higher than
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TOP PANEL: SPX & Volatility Stops BOTTOM PANEL: % of SPX stocks > 20 MA , NYSE A/D line Section 1: The market has bad brea(d)th When it comes to the market’s foundation, things aren’t looking as strong as they seem. The middle panel of the chart highlights the cumulative NYSE A/D line, which tracks the net
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