Preparing for an inflation uptick

US stocks paused on Tuesday, with investors treading cautiously on the eve of a critical consumer inflation report that could dictate the Federal Reserve's next move on interest...

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WTI remains capped below $68.50 on disappointing Chinese data, surprise climb in crude inventories

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.20 on...

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PBOC sets USD/CNY reference rate at 7.1843 vs. 7.1896 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1843, as compared to the previous day's fix of 7.1896 and 7.2379 Reuters...

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NZD/USD holds below 0.5800 as traders brace for US CPI release

The NZD/USD pair trades on a softer note around 0.5795 during the Asian session on...

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Australian Dollar steadies despite a market caution ahead of US CPI

The Australian Dollar (AUD) hovers against the US Dollar (USD) on Wednesday after experiencing losses in the previous...

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Japanese Yen sticks to stronger PPI-led modest gains; lacks follow-through buying

The Japanese Yen (JPY) edges higher during the Asian session on Wednesday as a stronger Producer Price Index (PPI) from Japan keeps the door open for a December interest rate hike by the Bank of Japan...

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USD/INR strengthens as new RBI chief spurs rate cut bets

The Indian Rupee (INR) weakens near a record low on Wednesday as the appointment of career bureaucrat Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) prompted traders to raise their bets on the interest rate...

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Silver Price Forecast: XAG/USD rises above $32.00 toward monthly highs

Silver price (XAG/USD) extends its gains for the third successive session, trading around $32.00 during the Asian hours on...

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US CPI inflation set to rebound slightly in November, core to remain high

The US Consumer Price Index (CPI) report for November, a key measure of inflation, will be unveiled on Wednesday at 13:30 GMT by the Bureau of Labor Statistics...

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Oil markets: More sanctions on Russian Oil on the way

Oil markets have been under significant pressure lately due to anticipated supply gluts and China's accelerating transition to electric vehicles...

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GBP/USD steadies near 1.2800 as traders expect BoE to maintain current interest rates

GBP/USD extends its winning streak for the third successive session, trading around 1.2780 during the Asian hours on...

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Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI

Gold price (XAU/USD) prolongs its weekly uptrend for the third consecutive day on Wednesday and climbs to a two-and-half-week high during the Asian...

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Morning briefing: Euro has a bullish bias towards 1.0600-1.0650

Good Morning! The Dollar Index needs to see a decisive break past 106.75 to head back towards...

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India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Wednesday, according to data compiled by...

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Elliott Wave view: Dow Futures (YM) looking for further upside [Video]

Short Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves...

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EUR/JPY drops to near 159.50 as traders brace for ECB rate decision

The EUR/JPY cross attracts some sellers to around 159.50 during the early European...

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USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision

The USD/CAD pair edges lower during the Asian session on Wednesday, though it lacks follow-through and remains close to the highest level since April 2020 touched the previous...

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EUR/USD stays below 1.0550 as traders exercise caution ahead of the US CPI

EUR/USD remains subdued for the fourth consecutive day, trading around 1.0530 during the Asian session on...

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