Market movers today Today’s key release is the US CPI data for December, where CPI headline inflation is likely to reach 7.0% y/y (CPI core inflation will likely exceed 5.0%). Underlying price increases have been higher than estimated for many months now so risks seem skewed to the upside. High inflation and a tight labour […]
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Key Highlights Gold started a fresh increase from the $2,535 support. It broke a major bearish trend line with resistance at $2,630 on the 4-hour chart. Oil prices are recovering and might rise toward the Read more…
Canadian Dollar and Mexican Peso faced sharp declines after US President-elect Donald Trump announced plans for aggressive trade measures targeting Canada, Mexico, and China. Trump stated that on January 20, as one of his first Read more…
Minneapolis Fed President Neel Kashkari signaled that a rate cut at the December meeting remains a “reasonable consideration,” reflecting ongoing debates within the central bank. Speaking to Bloomberg TV, Kashkari stated, “Right now, knowing what Read more…