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Silver Price Forecast: XAG/USD stays on sidelines around $28.60 ahead of US Inflation data
Silver price exhibits strength amid soft US Dollar ahead of US CPI data. US consumer inflation remained stubbornly higher in the first three months of this year. US bond yields drop amid firm speculation that the Fed will pivot to policy normalization from September. Silver price (XAG/USD) trades in
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US Jobless Claims jump, US consumer sentiment declines plus higher inflation expectations, strong labour
Previous week's events (week 06-10.05.2024) U.S. economy The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, serving as further evidence that the labour market is cooling recently. The figure increased by 22,000 to a seas
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Fed's Logan: Too early to think about cutting rates
On Friday, Dallas Federal Reserve President Lorie Logan remarked that there are "uncertainties" regarding whether monetary policy is adequately restrictive to lower inflation to the Fed's target, emphasizing that it is "premature" to consider interest rate cuts at this stage. Key Takeaways We've mad
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US UoM Consumer Confidence Index fell further in May to 67.4
Consumer confidence in the United States contracted by more than anticipated in May UoM survey showed one-year and five-year inflation expectations edged higher. Consumer confidence in the US fell in May, with the University of Michigan's Consumer Sentiment Index plummeting to 67.4 in April from 77.
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Mexican Peso breaks higher after Banxico keeps key rate unchanged
The Mexican Peso rallies following Thursday’s Bank of Mexico policy meeting. Banxico decided to keep interest rates unchanged but upwardly revised its inflation forecasts. USD/MXN broke below the floor of a short-term range following the news and is tipped to decline further. The Mexican Peso (MXN)
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Philippine Inflation Rises To 4-Month High
The Philippines' consumer price inflation rose slightly in April to the highest level in four months, largely driven by increased food costs, data from the Philippine Statistical Authority showed on Tuesday. The consumer price index, or CPI, climbed 3.8 percent year-over-year in April, after a 3.7 p
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Taiwan Bourse Tipped To Open In The Green
The Taiwan stock market has moved higher in back-to-back sessions, gathering more than 300 points or 1.5 percent in that span. The Taiwan Stock Exchange now sits just above the 20,520-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is upbeat on
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