Tag Archives: UnitedStates

Silver Price Forecast: XAGUSD eyes a break below the 50-DMA as US bond yields rally

Silver price is dropping close to 1.50% on Thursday. July’s US CPI and PPI inflation reports show signs of topping; however, Fed officials remained hawkish. Traders’ focus shifts toward the University of Michigan Consumer Sentiment and Inflation Expectations. Silver price drops moderately as market sentiment remains upbeat following the release of the US inflation data… Read More »

NZD/USD rises towards the 100-DMA on US inflation showing signs of softening

The NZD/USD advances for the second straight day, up in the week by 3.03%. The US PPI for July rose by 9.8% YoY, less than estimates and last month’s reading. US Initial Jobless Claims jumped for two consecutive weeks, hinting the labor market is moderating. The NZD/USD climbs above the 100-day EMA around 0.6439, courtesy… Read More »

GBP/USD retraces from weekly highs, approaches 1.2200

The GBP/USD drops almost 0.05% amidst a risk-off impulse while the US dollar weakens. US prices paid by producers easied, while unemployment claims jumped for the second consecutive week. GBP/USD Price Analysis: Retreated from a descending-channel trendline, eyes a break below 1.2200. GBP/USD edges lower off the weekly highs around 1.2276 near a top-trendline of a… Read More »

Sources: US rethinks steps on China tariffs in wake of Taiwan response

“China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now, according to sources familiar with the deliberations,” said Reuters in late Wednesday. Key quotes President Joe Biden has not made a decision on… Read More »

Silver Price Forecast: XAGUSD hangs around $20.60s, unable to rally despite US dollar weakness

Silver price edged up 0.57% on Wednesday after US inflation eased from 4-decade highs. US inflation annually decelerated from above 9% as gasoline prices dropped. Fed’s Evans and Kashkari expect further rate hikes. Fed’s Kashkari foresees the Federal funds rate (FFR) at 4% by the end of 2022. Silver price falters to rally on Wednesday… Read More »

NZD/USD surges towards the 100-DMA post US soft CPI, on risk-on mood

The NZD/USD is advancing more than 2% on Wednesday, courtesy of broad US dollar weakness. Investors’ mood shifted positively once US inflation cooled down, while traders expected a less aggressive US Fed. US headline inflation and core CPI were lower and aligned with estimations. Fed’s Evans expects the Federal funds rate (FFR) to finish around… Read More »

When is the US consumer inflation (CPI report) and how could it affect EURUSD?

US CPI Overview Wednesday’s US economic docket highlights the release of the critical US consumer inflation figures for July, scheduled later during the early North American session at 12:30 GMT. The headline CPI is anticipated to rise by 0.2% during the reported month, down sharply from the 1.3% in June. The yearly rate is also… Read More »