US Inflation at 8.3% in August, Fed Likely to Retain Hawkish Bias
U.S. headline CPI eased to 8.3% year-on-year in August, down from July’s 8.5%, a slow but welcome directional improvement in the inflation trend.
Gold Price Forecast: XAU/USD Rises on Lower Inflation bets Ahead of CPI
Gold trades higher amid a continued dollar sell off and potentially lower inflation (CPI) data later today
DAX 40 Edges Higher Unfazed by Poor Economic Sentiment
The index continued its move higher, unfazed by poor economic sentiment and increasing inflation
Japanese Yen Struggles As More Officials Fret Its Weakness
The Japanese Yen has been unable to fully share in the modest bounce against the US Dollar seen in many other major pairs.
Euro Breaking News: German and EU Investor Confidence Sink to New Lows, Euro Steady.
German and Eurozone investor morale continued their descent, with the Eurozone print it’s lowest since October 2008
The CPI and Forex: How CPI Data Affects Currency Prices
Find out how to use the Consumer Price Index to make informed trading decisions.
British Pound Forecast: Tight Job Market Keeps GBP Bid Ahead of U.S. CPI
GBP/USD remained buoyed after better than expected jobs data on Tuesday as markets eagerly await U.S. inflation figures later today.
Euro Holds the High Ground Ahead of US CPI. Will EUR/USD Break Topside Resistance?
The Euro has rallied to a high for the month as the US Dollar is undermined ahead of crucial US CPI data that might show a peak in price pressures.…
Dollar Reversal and S&P 500 Rally Amplify the Focus on Today’s US CPI Release
There is plenty of fundamental trouble under the market's surface, but you wouldn't know it from the S&P 500. The benchmark index has advanced four straight sessions - there are…
Crude Oil Prices Retreat Ahead of Inventory Reports as China Virus Cases Stay High
Crude oil prices are retreating after rising on Monday. China's battle against Covid remains a bearish drag despite a breakdown in talks between Tehran and Washington. US inventory reports are…