Tag Archives: Inflation

WTI corrects to near 93.00, upside remains favored on higher demand forecasts

Oil prices are likely to rebound firmly as IEA has stepped up demand forecasts. Substitution of natural gas to oil ahead of Winters is strengthening the black gold. Trimmed odds for Fed’s hawkish guidance are also supporting oil prices. West Texas Intermediate (WTI), futures on NYMEX, has witnessed a minor pullback to near $93.00 after printing… Read More »

Gold Price Forecast: XAU/USD stays defensive above $1,780 support, US Michigan CSI eyed

Gold price remains sidelined while keeping the previous day’s bounce off 50-DMA. US dollar struggles to regain traction even as Fed policymakers resist welcoming easy CPI/PPI. Yields retreat from three-week high to print the first daily loss in four. US Michigan Consumer Sentiment Index eyed to confirm receding fears of inflation. Gold price (XAU/USD) remains… Read More »

When is the UK Q2 GDP and how could it affect GBP/USD?

The British economic calendar is all set to entertain the cable traders in early Friday, at 06:00 GMT, with the preliminary GDP figures for Q2 2022. Also increasing the importance of that time are monthly GDP figures for March, Trade Balance, Manufacturing Production, and Industrial Production details for the stated period. Having witnessed an 8.7%… Read More »

Asian Stock Market: Japan’s Nikkei 225 bucks the downtrend amid sluggish session

Asian equities remained pressured while tracking Wall Street’s pattern. Fed policymakers’ resistance in welcoming easy inflation weigh on sentiment. Sino-American tussles, light calendar also act as extra trading filters. Japan’s Nikkei 225 appears the outlier while refreshing seven-month high. Asia-Pacific shares remain mostly inactive, trending lower, outside Japan as traders seek fresh clues while tracking… Read More »

USD/INR Price News: Rupee bears approach 80.00 ahead of India inflation, US Michigan CSI

USD/INR grinds higher after rising the most in six weeks the previous day. Hawkish Fedspeak, fears surrounding China challenge traders ahead of long weekend in India. Indian CPI is likely to have eased in July but the distance from RBI’s target will be the key to watch. USD/INR braces for Indian inflation around 79.65-70 during… Read More »

USD/CAD steadies around mid-1.2700s amid softer oil, DXY rebound ahead of US data

USD/CAD treads water around the lowest levels in two months. Global markets jitter as Fed policymakers resist cheering easy inflation figures. OPEC, IEA oil demand forecasts join cautious mood to weigh on energy prices. Flash forecasts for August month Michigan Consumer Sentiment Index will be crucial for fresh impulse. USD/CAD dribbles inside a choppy range… Read More »

S&P 500 Futures, yields retreat from monthly tops as Fed hawks resist cheering softer inflation

Market sentiment remains divided amid a light calendar, mixed clues. S&P 500 Futures extend pullback from three-month high, yields snap three-day uptrend at 12-day peak. Softer PPI, CPI fail to reject Fed hawks, China headlines, recession also test optimism. After an upbeat mid-week, global markets remain sluggish as they await the final dossier of the… Read More »