Traders are closely watching the upcoming release of the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), which are expected to play a crucial role in shaping the Federal Reserve’s (Fed) monetary policy outlook. These inflation...
The AUD/USD pair regained momentum on Thursday after a brief pullback to the mid-0.6200s, with traders focusing on the critical resistance zone near the 0.6300 level ahead of the highly anticipated US Non-Farm Payrolls (NFP) data on Friday. From a...
The GOLD (XAU/USD) pair on the H1 timeframe is currently exhibiting strong bullish momentum, with the price stabilizing around 2855.78 after an extended upward trend. The price has consistently respected an ascending channel, showing a well-defined...
The latest U.S. Consumer Price Index (CPI) report from the Bureau of Labor Statistics (BLS) indicated a moderate 0.2% increase in inflation, following a 0.1% decline in the previous month. Notably, the annual CPI growth dipped below 3% for the first...
USD/CAD trades with moderate profits near 1.4305 on Thursday late US session. Canadian ivey PMI shows that activity is declining in January. Investors carefully monitor reports from the US and Canadian labor markets, which are due later on Friday. A...
