The entire start of the week served as a placeholder to the US CPI data release and well, at least the main event delivered. There were some sizable moves in markets yesterday but things have calmed down considerably so far today. The narrow ranges among dollar pairs exemplifies the inaction for the time being: I
Gold prices fell on Thursday as the dollar recovered after comments from Federal Reserve officials pointed to aggressive interest rate hikes, even as inflation in June eased from a 40-year high in the world’s largest economy. Gold futures on were trading 0.31 per cent lower at Rs 52,080 per 10 grams. Silver futures declined 0.69
After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc and Yen are also strong on falling major benchmark yields. Euro and Sterling are on
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices were flat as energy prices broadly declined 4.6% and gasoline fell 7.7%. That offset a 1.1%
In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images If Disney+’s subscriber growth is any indication, the rumors that the global streaming market is nearing saturation have been proven
EUR/USD climbed to its highest level in a month at 1.0368 on Wednesday. Economists at ING expect the 1.0350/1.0400 area to be the top of the pair’s trading this month. Don’t chase the EUR/USD rally “We would favour 1.0350/0400 proving the top of the August trading range for EUR/USD.” “In addition to the Russian threat
The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via an Aug. 10 blog post, which was sourced from partnered Web3 development platform Alchemy, noting that the figure represents the cumulative number of applications ever launched on
EURGBP ping pongs between MA levels today. Awaits a shove. Although all the action is in the USD today after the better-than-expected CPI, the EURGBP is ping-ponging between some important moving average levels. Looking at the hourly chart above, the high price today stalled near its 100 day moving average at 0.84675. The subsequent fall
Atlanta Fed GDPNow tracks growth to 2.5% from 1.4% last The Atlanta Fed Q3 estimate for growth jumped to 2.5% from 1.4% last. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.5 percent on August 10, up from 1.4 percent
New Delhi: Gold prices eased by Rs 60 to Rs 52,811 per 10 grams in the national capital on Wednesday in line with losses in the precious metal in the global markets, according to Securities. The precious metal had closed at Rs 52,871 per 10 grams in the previous trade. Silver declined by Rs 575
Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling treasury yields. But it’s unsure for now long Yen’s rally against others could last. Also, it’s hard to say which
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to U.S. economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat
In this article ROO-GB A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living
Gold is back under pressure following a relief rally to the weekly 61.8% Fibo. Bulls will be seeking space above $1,800 but the Fed is still a long way off from its target despite today’s CPI miss of expectations. At $1,791.43, gold is around 0.17% higher on the day. It has rallied from a low of
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The USD is seeing a tick to the upside as the NY session moves toward the close. Tomorrow the traders will be dealing with the CPI data at 8:30 AM where the MoM is expected to rise by 0.2% and the YoY to dip to 8.7% from 9.1%. The Core however, is expected to rise