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In focus today Today, focus is on German ZEW data for January and final inflation figures for December. The final HICP figures include details on inflation components that will provide important information about the underlying inflationary pressure in the largest euro area economy. While the official labour force statistics continue to be postponed, today we […]

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12/12/2023

US CPI Data: Dollar Down As Rate Uncertainty Sustains Volatility

As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy. The CPI measures the average change over time in the prices paid by urban consumers for […]
13/09/2024

XAU/USD Outlook: Gold Extends Its Sharp Rally into Uncharted Territory and Approaches $2,600 Target

Gold continued to trend higher on Friday and hit new all-time highs, being the top performer in the market for the second consecutive day and on track for a weekly gain of around 3.3%. Fresh acceleration higher was sparked by almost certain Fed rate cut next week, with renewed rise in expectations for more aggressive […]
12/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s a potential scenario where price could make a bearish reaction off the 1st resistance level and drop towards the 1st support. The 1st support at 103.28 is categorized as a swing low support. This level is significant as it suggests […]