Gold Price Struggling to Retain Gains Above $2,050
The price confirmed its breakout through the downtrend line. It seems overpriced after failing to reach Friday's high. Canadian inflation data should move the rate tomorrow. The price of gold…
The price confirmed its breakout through the downtrend line. It seems overpriced after failing to reach Friday's high. Canadian inflation data should move the rate tomorrow. The price of gold…
The data revealed an unexpected drop in US producer prices. Current market prices indicate a 78% probability that the US central bank will initiate a rate cut in March. Philip…
An unexpected drop in US producer prices sent Treasury yields down. There is a 78% chance that the US central bank will start cutting interest rates in March. The currency…
Inflation in Australia fell sharply in November. US consumer inflation was higher than expected. The data showed a fall in producer inflation in the US. Expect a downward trajectory in…
US consumer inflation data was higher than expected. There was a slight improvement in the UK GDP numbers. Capital Economics predicted a potential drop in UK inflation to 1.7% in…
Oil rose after the US and UK announced air and naval strikes on Houthi military targets in Yemen. US consumer prices rose in December, up 0.3% for the month. Traders…
US consumer prices rose 0.3% for the month and posted a 3.4% annual gain. Traders believe the BoE's benchmark rate will decline rapidly this year. Recent data points to a…
The bias remains bullish as long as it is above the 50% Fibonacci line. PPI and Core PPI should move rate today. After the last rally, the retreat was natural.…
Futures indicate the market expects a cut of 140 basis points (bps) this year. Real wages for Japanese workers fell again in November. Consumer inflation in Tokyo fell further. The…
The bias remains bullish as long as it is above the median line (ml). Higher inflation should boost the dollar. A new higher high activates further growth. USD/CAD is trading…