👉Factors Driving the Bullish Momentum The recent dynamics in the market have been influenced by several key factors, including the impact of US Consumer Price Index (CPI) data, the performance of the US dollar, and fluctuations in US yields. The CPI, in particular, has played a pivotal role in shaping
The economic data for the day is in. The dollar rose yesterday after data showed US import prices rose 0.9% last month, adding to market fears that the Federal Reserve’s fight to contain inflation has stalled and could be delayed policy makers from cutting interest rates. The market also was
The Gold price eased slightly from yesterday’s highs as US Treasury yields rose and supported the dollar. Prices rose sharply after a US inflation report supported a rise in gold prices on Wednesday, but Thursday’s data was mixed, which is likely to lead to gains ahead of the weekend. The
Natural gas futures hit a 15-week high on Wednesday after production fell following a rise in crude at liquefied natural gas (LNG) export plants. Freeport LNG has restored full service, predicting a warmer than expected next two weeks. The warmer weather should boost the amount of gas power generators burn
The dollar index displayed a rate that was slightly lower yesterday. The annual US producer price index did not surprise, but monthly prices rose more than expected. Jerome Powell added to the scenario given in the latest decision of the Federal Reserve (Fed) that interest rates can be kept higher
The Economic data for the day is in and it seems like there are a few secrets held by the US CPI and Sales numbers with regards to the future fed rates. Let’s dive in and find out all about that. The dollar traded near a one-month low against the
As the sun sets on a tumultuous week, gold investors find themselves riding a wave of sharp ascents and subtle ebbs, mirroring the unpredictability of the ocean itself. Amidst a backdrop of economic uncertainty and market fluctuations, gold prices in both the US and India have painted a vivid picture
When it comes to investment opportunities, the stock market often takes the spotlight. However, the commodity market, despite being less widely discussed, offers unique advantages that investors should consider. When you know the economy is down or some downturn is coming, it’s not easy to depend on the share market.
Silver prices witnessed a speculative plunge yesterday. Prices dropped by 3.80%, its biggest intraday fall after 7 March 2023. As data from the United States showed that inflation is cooling down. While the labor market commences easing amidst US Federal Reserve (Fed) officials complaining about its tightness. Further, the BOE
Dollar strengthened more than half percent against a basket of major currencies on Thursday. Currency sparked to the one week high after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts. The number of
