EUR/GBP Steady Below 0.8350 Ahead of German CPI Data
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data The EUR/GBP pair remains stable near 0.8330 during Thursday’s early European trading session. A cautious outlook and diminishing expectations for a Bank of England (BoE) rate cut in December lend support to the Pound Sterling (GBP), exerting slight downward pressure on the cross. BoE officials continue […]
UK CPI Expected to Accelerate in October, Reducing Odds of Further BoE Rate Cuts
UK CPI Expected to Accelerate in October, Reducing Odds of Further BoE Rate Cuts The Office for National Statistics (ONS) will release the United Kingdom’s Consumer Price Index (CPI) data for October on Wednesday at 07:00 GMT. This inflation report is pivotal for determining the Bank of England’s (BoE) future interest rate policy and could […]
What is CPI in Forex, and How Can You Use It for Trading?
What is CPI in Forex, and How Can You Use It for Trading? The Consumer Price Index (CPI) is a critical economic indicator that measures the change in the price level of a basket of consumer goods and services. It’s a widely recognized gauge of inflation and plays a significant role in influencing monetary policy […]
Gold Price Eases as USD Strength Weighs Ahead of Key US CPI Release
Gold Price Eases as USD Strength Weighs Ahead of Key US CPI Release Gold (XAU/USD) has trimmed part of its modest intraday recovery gains but continues to hold above $2,600 in early European trading on Wednesday. Investors’ cautious sentiment around US President-elect Donald Trump’s potential trade tariffs and their impact on global markets has led […]
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions The U.S. Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for September on Thursday at 12:30 GMT. The U.S. Dollar (USD) faces potential volatility, as the report could play a significant role in […]
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes The USD/CHF pair is trading higher, hovering around 0.8575 during early European trading on Wednesday. This strength comes from a firmer US Dollar (USD), supported by fading expectations of aggressive rate cuts by the Federal Reserve (Fed). Investors are now focused on the release of the […]
EUR/USD Holds Below 1.1000 as Markets Await Eurozone GDP and US CPI Data
EUR/USD Holds Below 1.1000 as Markets Await Eurozone GDP and US CPI Data The EUR/USD pair is trading flat around 1.0990 during the early European session on Wednesday, as traders remain cautious ahead of the release of key economic data from both the Eurozone and the US. The focus is on the Eurozone’s Gross Domestic […]
Asian Stocks Climb on Eased Recession Worries, Positive China Inflation Data
Asian Stocks Climb on Eased Recession Worries, Positive China Inflation Data Asian stock markets saw gains on Friday as fears of an imminent U.S. recession eased, bolstered by mildly encouraging inflation data from China, which lifted investor sentiment. However, despite the upbeat session, regional markets were still on track to post weekly losses, having experienced […]
US CPI Steady in May Ahead of Fed Decision
US CPI Steady in May Ahead of Fed Decision The Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for May on Wednesday at 12:30 GMT. This report is highly significant as it could trigger substantial volatility in the US Dollar, with any unexpected figures potentially […]
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction The NZD/USD has made a slight recovery from its five-month trough of 0.5927, observed on Monday, stabilizing around 0.5950 in the Asian trading session. This modest rebound occurs amidst a backdrop of economic concerns as New Zealand’s services sector reenters contraction territory. The Business NZ […]
CPI and Forex: How CPI Data Affects Currency Prices
CPI and Forex: How CPI Data Affects Currency Prices In the ever-dynamic world of the forex market, a multitude of factors influences currency prices. Among these, the Consumer Price Index (CPI) stands out as a significant economic indicator. Understanding its impact is crucial for investors, particularly those involved with platforms like Xtreamforex, which provide a […]
Steady Stock Futures Ahead of Inflation Report
Steady Stock Futures Ahead of Inflation Report Stock futures exhibited little change as investors geared up for the release of the August producer price index, a key indicator of wholesale inflation. Futures linked to the Dow Jones Industrial Average increased by a mere 11 points, equivalent to a 0.03% gain. S&P 500 futures saw a […]