Gold Price Turns Soft After Downbeat UK Inflation Figures
Gold could jump higher as long as it is above the lower median line. A new higher high activates further growth. US CB Consumer Confidence should take high action. The…
Gold could jump higher as long as it is above the lower median line. A new higher high activates further growth. US CB Consumer Confidence should take high action. The…
November British inflation data fell well below expectations. Markets are fully expecting a 25 basis point cut in the Bank of England rate in June 2024. Market participants are now…
Data showed that inflation in Canada remained stable in November. The probability of a BoC cut next month fell to 16.0% from 21.4%. Raphael Bostic reiterated on Tuesday that he…
The correction is completed above the middle line (ml). The upper midline (uml) is the main target. Canada's CPI is due to run a bit later today. The GBP/USD price…
The Bank of Japan maintained ultra-loose monetary policy on Tuesday. Some investors were waiting for signs of a potential move away from negative interest rates. Some Fed officials are balking…
The Canadian dollar strengthened after the Fed signaled a looming rate cut. Economists expect Canadian inflation to slow to an annual rate of 2.9%. Oil rose due to an attack…
KSAU/USD pulled back after registering only false breakouts through current resistance levels. The lower middle line (LML) stands as the main support. Canada's CPI could change sentiment tomorrow. The price…
The Fed's Williams disputed the market consensus for rate cuts. Britain's services sector experienced increased growth this month. The Bank of England confirmed its stance on keeping interest rates high…
Investors are now awaiting a decision from the BoJ on Tuesday to clarify the bank's rate outlook. The dollar fell amid signs of a potential Fed rate cut next year.…
Inflation data from the US supported investors' expectations of an upcoming interest rate cut. Powell said the rate hike cycle is likely coming to an end. Economists do not foresee…