US Jobs Data Eyed Ahead of Next Week’s Fed Rate Decision

Gold trends lower in the short-term picture, near oversold territory Stronger buying needed above 2,355 for a bullish outlook FOMC policy announcement due today at 18:00 GMT Gold bears took control on Tuesday, pressing the price below the resistance-turned-support trendline, which halted last week’s decline, and towards the 200-period exponential moving average (EMA) in the […]

The scene is set for a September first cut by the FOMC. The underlying inflation trend warrants a series of cuts at a measured pace to a 3.375% terminal by mid-2026. At the July meeting, the FOMC kept rates steady but stated that the economy is moving closer to the point at which it will […]

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the past 20 months since October 2022. China is once again spreading deflation around the world, […]