Gold Prices Find Optimism Before US CPI Report, That May Be Wishful Thinking
Gold prices traded rather optimistically ahead of the highly anticipated US CPI report. An upward push in core inflation would likely bode ill for XAU/USD. What are key levels to…
Read More »Hang Seng Index May Fall After US CPI Beat Raised Odds of a More Aggressive Fed
Hang Seng Index futures slumped after US CPI data beat expectations and boosted odds of a more aggressive Fed. Hong Kong equities may extend their three-month-long downtrend.
Read More »Australia – Westpac Consumer Confidence Index for May -5.6% m/m (vs. prior -0.9%)
The weekly consumer sentiment data (latest here Australian weekly consumer confidence survey 90.5 (prior 90.7)) is languishing well in pessimistic territory.This monthly indicator, the same. Drops sharply to 90.4, its…
Read More »Gold Price Rebound Vulnerable to Slowdown in US Consumer Prices
The update to the US Consumer Price Index (CPI) may rattle the recent rebound in the price of gold as inflation is expected to slow for the first time since…
Read More »US Dollar Index juggles around 98.00 ahead of US CPI and Initial Jobless Claims
The US dollar index (DXY) is hovering around 98.00 as investors await the US Consumer Price Index (CPI) numbers from the Bureau of Labor Statistics an
Read More »Australia Consumer Price Index (QoQ) above forecasts (1%) in 4Q: Actual (1.3%)
Australia Consumer Price Index (QoQ) above forecasts (1%) in 4Q: Actual (1.3%)
Read More »Australia Q3 home price index +5.0% vs +5.0% q/q expected
Prior was 6.7%Prices up 21.7% y/yThat’s a healthy housing market.
Read More »Gold Price to Stay Afloat on Strong US PCE Price Report
The update to the Personal Consumption Expenditure (PCE) Price Index may prop up the price of gold if the Fed’s preferred gauge for inflation rises for 11 straight months.
Read More »Australian Dollar Jumps as RBA Preferred CPI Beats Estimates. Will AUD/USD Go Higher?
The Australian Dollar reacted to 3rd quarter CPI numbers by immediately testing the upper bound of the recent range. Will AUD/USD resume the trend?
Read More »Gold Prices Eye CPI as Non-Farm Payrolls Miss, Rising Wages Complicate Fed Outlook
Gold prices remain vulnerable despite a headline non-farm payrolls miss. Rising wages could mean that inflation remains high, complicating the Fed's outlook. XAU/USD eyes CPI data.
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