Prior +2.2% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.7% No changes to the initial estimates as core inflation remains stubborn and caught in between the 2% to 3% mark for now. Services inflation remains the key issue, seen at 4.0% in December. This article was written by Justin Low at www.forexlive.com.
FTSE 100 (UK) Elliott Wave Analysis – Trading Lounge Day Chart FTSE 100 (UK) Elliott Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Orange wave 5. Position: Navy blue wave 3. Direction (next lower degrees): Navy blue wave 4. Details The FTSE 100 daily chart demonstrates a bullish trend according to Elliott Wave Analysis. The wave mode is impulsive, with a focus on orange wave five, driving the ongoing upward…
2025.01.17 2025.01.17 US Dollar Awaits Trump’s Inauguration. Forecast as of 17.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Mixed data on US inflation and retail sales, along with the dovish rhetoric voiced by Fed officials, has prompted EURUSD bears to retreat. The market displays subdued trading ahead of Donald Trump’s inauguration. Let’s discuss these topics and make a trading plan. The article covers the…
Earlier this week, we spotted a bullish setup on spot gold (XAU/USD) that played out in favor of the bulls after all. But that was a few days ago. Today, gold is knocking on a key long-term resistance zone. Will XAU/USD bears show up to drag the precious metal lower? Gold (XAU/USD) 4-hour Chart by TradingView In case you…
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Gold price stands firm near a one-month high amid bets for additional rate cuts by the Fed. The recent pullback in the US bond yields and the USD further underpin the precious metal. Israel-Hamas ceasefire deal holds back bulls from placing fresh bets around the XAU/USD pair. Gold price (XAU/USD) enters a bullish consolidation phase during the Asian session…
The major assets were all over the place on Thursday, as some assets took a breather from their previous moves while others priced in fresh mid-tier catalysts. Can you guess which headlines moved the markets in the last trading sessions? We have the deets! Headlines: Australian dollar eased despite strong December jobs beat Germany final CPI Final in December:…
China Vanke’s Hong Kong-listed shares fell over 8% on Friday following reports that its CEO, Zhu Jiusheng, has been detained by authorities. A Shenzhen government task force has taken control of the state-backed developer’s operations, with reports suggesting a possible government takeover and restructuring. Vanke is grappling with a deepening bond selloff, as concerns grow over its mounting debt…
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Singapore’s non-oil domestic exports (NODX) +1.7% m/m in December 2024 expected -1.2%, prior +14.7% +9.0% y/y expected +7.8%, prior+3.4% Non-oil domestic exports to the United Sates, Taiwan, Malaysia and Japan increased in annual terms in December, while shipments declined to China and the European Union *** Singapore’s Non-Oil Domestic Exports (NODX) are a key indicator of the country’s export…
