The current state of the gold market is one of struggle as the price of gold hangs near a one-week low. This lack of meaningful traction can be attributed to hawkish expectations from the Federal Reserve. The robust US consumer and producer inflation figures released last week have fueled speculations that the Fed will maintain
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The Office for National Statistics is set to release the UK CPI data for February, providing key insights into the country’s inflation rate and its potential impact on the Bank of England’s interest rate policy. This analysis will delve into the expectations for the CPI data, the BoE’s stance on interest rates, and the possible
The Bank of Japan’s impending decision to potentially raise interest rates for the first time since 2007 has sent shockwaves through the financial world. This move, if implemented, could mark a significant shift in the country’s monetary policy after years of ultra-loose measures. Japanese policymakers are currently deliberating on whether to increase interest rates from
The Indian Rupee (INR) edged higher on Monday as the US Dollar (USD) experienced a modest decline. This rise in the value of the INR can be attributed to the optimistic economic outlook in India and the continuous inflow of foreign investments into the country. Foreign portfolio investors have significantly increased their holdings of Indian
The Indian Rupee (INR) has been trading on a negative note on Friday due to a stronger US Dollar. In addition, India’s Wholesale Price Index-based inflation has dropped to a four-month low, which was weaker than expected. Investors are closely watching the Indian Trade Balance data and US preliminary Michigan Consumer Sentiment, both of which
The United States Census Bureau is scheduled to release Retail Sales data on Thursday, with expectations of a 0.8% expansion in February. This data is crucial for understanding consumer spending patterns in the US economy and can have implications for monetary policy decisions by the Federal Reserve. The upcoming Retail Sales report is anticipated to
Gold prices in Pakistan have experienced a noticeable decline recently, with the price for 24-carat Gold falling to 19,254.27 Pakistani Rupees (PKR) per gram. This decrease from the previous day’s price indicates a shift in market dynamics that can be attributed to various factors. One of the key factors influencing the price of Gold in
The GBP/USD pair is struggling to break above the 1.2800 barrier due to the recent stronger US Dollar driven by the February CPI inflation data. The US CPI rose 0.4% MoM and 3.2% YoY, exceeding market expectations. This stronger-than-expected inflation data may delay Federal Reserve rate cuts, causing the USD to gain strength against the
The recent downtick in gold prices can be attributed to profit-taking ahead of the crucial US Consumer Price Index (CPI) report. Investors are eagerly waiting for this economic data as it will provide more clues about the Federal Reserve’s rate-cut path. A hotter CPI print could signal fewer rate cuts this year, leading to some
The Indian Rupee (INR) has been facing downward pressure despite a softer USD, raising concerns in the market. Key factors such as inflation, interest rates, economic growth rate, balance of trade, and foreign investment all play a significant role in determining the value of the Rupee. This article will delve into the impact of external
The USD/CAD exchange rate has been on a downward trend due to the rise in Crude oil prices. This correlation is evident as the Canadian Dollar (CAD) tends to strengthen when oil prices increase. The recent surge in West Texas Intermediate (WTI) prices to nearly $78.90 has contributed to the weakening of the USD/CAD pair.
The Japanese Yen (JPY) has seen a surge in buying pressure against the US Dollar as the Bank of Japan (BoJ) expressed possible intentions of raising interest rates in the near future. This increase in demand for the Yen has pushed the USD/JPY pair to a four-week low, hovering around the 148.00 level during the