A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty Images Annual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday. The reading was in line with
Fundamental Overview The USD continues to remain supported since the last FOMC decision as the market perceived it as more hawkish than expected. After the rally during the low volume Christmas holidays, we are now seeing a pullback pretty much across the board. The market’s pricing didn’t change much with roughly two rate cuts priced
Prior 1.3% HICP 1.4% vs 1.6% y/y expected Prior 1.5% Core CPI Y/Y 1.8% vs. 1.9% prior Core inflation (excluding energy and unprocessed food) was +1.8% (from +1.9% in the previous month) and inflation excluding energy was +1.7% (from +2.0% in November). In 2024, the average annual rate of change of consumer prices, measured by
Gold February futures contracts at MCX opened flat today at Rs 77,249 per 10 gram, which is up by 0.12% or Rs 91 while silver March futures contracts were trading at Rs 90,575/kg, up by 0.02% or Rs 21. Gold prices went up by Rs 350/ 10 grams in the last one week while silver
USD/CAD rebounds to near 1.4345 in Tuesday’s early Asian session. Trump said the Washington Post story that he would pare back his tariff policy was wrong. Trudeau is expected to announce stepping down as party leader before the national caucus meeting Wednesday. The USD/CAD pair recovers some lost ground to around 1.4345 during the early
Dollar weakened significantly, while stock futures rebounded, amid reports suggesting that the incoming Trump administration may scale back its plans for sweeping tariffs. According to The Washington Post, discussions among President-elect Donald Trump’s aides now lean toward imposing tariffs only on critical sectors tied to national or economic security, rather than blanket levies on all
U.S. President-elect Donald Trump looks on during Turning Point USA’s AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty Images President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the focus to a select set of goods and services,
Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0.38). The price has not traded above the 200-day average since October 8 (the break above that MA failed on that day).
Markets: WTI crude oil fell $0.49 or -0.65% at $73.43 Gold down $-2.23 or -0.08% at $2636.47 silver euros $0.35 or less 1.17% at $29.94 Bitcoin is back above the $100,000 level at $101,830. The high price reached $102,514 The US dollar fell versus most of the major currency pairs with the exception of the
Gold February futures contracts at MCX opened flat on Monday at Rs 77,260 per 10 gram, which was down by 0.07% or Rs 57 while silver March futures contracts were trading at Rs 89,272/kg, up by 0.06% or Rs 51. So far in January, gold prices have increased by Rs 500/10 grams, while silver prices
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than
Markets are facing a surge in volatility with geopolitical headlines making waves in markets. A Fed interest rate cut in January is mostly out of the cards at the moment. Gold price is stuck in a pennant technical formation as pressure builds for a breakout. Gold’s price (XAU/USD) is ticking up towards $2,650 on Monday after
Yen struggles today even as risk aversion set the tone across Asian markets. Nikkei extended its retreat after briefly breaching 40k psychological level last week, as the rally proved unsustainable for investors. Adding to Yen’s woes, December PMI Services data highlighted only marginal growth, failing to provide a meaningful lift to the broader economy. Meanwhile,
UK firms are planning to raise prices to cover higher tax payouts as confidence among businesses tumbled to its lowest level since the market-rocking “mini-budget” crisis of fall 2022, according to a survey by the British Chambers of Commerce. The trade group said sentiment had “declined significantly” in its largest poll since the Labour government’s debut budget last October, which
Fundamental Overview Despite the spike lower triggered by the last FOMC decision, gold didn’t extend the fall and remained confined in the range between the 2600 support and the 2721 resistance. The FOMC decision was perceived as more hawkish than expected but apart from some slight tweaks, the Fed just met the market’s pricing. The
Final Services PMI 51.1 vs 51.4 expected and 50.8 prior. Final Composite PMI 50.4 vs 50.5 expected and 50.5 prior. Key Findings: Employment declines for the third month in a row. Marginal increase in business activity. Input cost inflation accelerates to an eight-month high. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said:
Oil prices dipped on Monday amid a strong U.S. dollar ahead of key economic data by the U.S. Federal Reserve and U.S. payrolls later in the week. Brent crude futures slid 28 cents, or 0.4%, to $76.23 a barrel by 0800 GMT after settling on Friday at its highest since Oct. 14. U.S. West Texas
Gold price holds steady around $2,640 in Monday’s early Asian session. US Manufacturing PMI improved to 49.3 in December vs. 48.4 prior, stronger than expected. Sustained geopolitical risks and a wave of purchases by central banks could lift the Gold price. The Gold price (XAU/USD) struggles to gain ground near $2,640 during the early Asian trading hours
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