Consolidates within the 148.00-149.50 range

USD/JPY edges higher, trading within a range of 148.00-149.50 as US 10-year yields rise to 4.104%. Momentum favors buyers, with a break above 149.50, exposing the key 150.00 level and resistance at the 200/100-DMA confluence at 151.20/21. A drop below 149.00 could lead to a pullback toward the October 8 swing low of 147.35. The USD/JPY edged higher during…

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AUD/USD ascends on mixed US data, ends week with losses

AUD/USD prints gains on Friday after US Producer Price Index (PPI) data showed inflation easing. The US Core PPI rose by 0.2% MoM as expected, while annual PPI declined to 1.8%, increasing the likelihood of a Fed rate cut. Swaps markets show a 95.6% chance of a 25 bps Fed rate cut in November, up from 83.3%. The Australian…

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Gold price rallies amid high US yields following US PPI

Gold gains 1% on Friday, set to end the week with 0.20% gains. US PPI data was slightly above expectations, suggesting inflation is down but stalling above target, while UoM Consumer Sentiment highlights concerns over rising living costs. Despite higher US Treasury yields, with the 10-year note rising to 4.081%, Bullion prices remain supported as the Fed is expected…

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Weekly Market Outlook (14-18 October)

UPCOMING EVENTS: Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed) Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI. Wednesday: UK CPI. Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index. Friday: Japan CPI,…

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Japan CFTC JPY NC Net Positions dipped from previous ¥56.8K to ¥36.5K

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…

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China September CPI rate fell below August and below expectations. PPI slumped further.

China’s consumer inflation rate fell in September. Producer price deflation deepened. This screenshot is from the free ForexLive calendar. China keep pumping out stimulus, Saturday: China offers few details on stimulus in Saturday’s press conference Sunday brought confirmation of cuts to housing loans: Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25 Meanwhile, as you…

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Newsquawk Week Ahead: US Retail Sales, ECB, inflation from Japan, NZ, UK and Canada

Sun: Chinese Inflation Mon: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday Tue: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3) Wed: Bank of Indonesia Announcement, UK Inflation (Sep) Thu: ECB Announcement, CBRT Announcement, European Council Meeting, Australian Jobs Report (Sep), EZ Final CPI (Sep),…

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