Most U.S. Federal Reserve (Fed) officials showed concern last month about the possibility of lowering interest rates too quickly, noting that the risks of lowering rates too quickly outweigh the risks associated with maintaining high borrowing costs for an extended period. The minutes of the Federal Open Market Committee meeting held on January 30-31 reported […]
Inflation in Canada recorded a fall to 2.9% in January
Canada’s annual inflation fell to 2.9%, largely due to a reduction in fuel prices, according to Statistics Canada data. This marks the first occurrence since June of the previous year that the annual rise in consumer prices has dipped below 3%. These numbers bring inflation ever closer to the Bank of Canada’s target level of 2%. […]
Daily Technical Analysis XAU/USD: The trend is rebounding and turning bullish as we wait for more stimulus to consolidate in the market
This week, the gold (XAU) and other metals markets could be influenced by the US dollar’s (USD) performance, testing investors’ risk tolerance and willingness to engage. A recent report on US wholesale inflation serves as a reminder that the battle against rising prices continues, suggesting the need for alternative strategies in this market environment. In the […]
Dollar loses ground as euro rises ahead of wages data
The U.S. dollar (USD) is losing ground in early European trading today but remains near recent highs, as expectations persist that U.S. interest rates will stay high for some time. Meanwhile, the euro (EUR) faces a crucial test with the upcoming wage data release later today. With the U.S. stock market reopening today after its […]
Daily Technical Analysis EUR/USD: Limited movements are expected during the US holiday
The EUR/USD pair is expected to react to the release of the minutes from the most recent US Federal Reserve (Fed) meeting, as well as to the Purchasing Managers’ Index (PMI) readings for manufacturing and services from both Europe and the United States. Overall, according to the economic calendar data, major U.S. data releases were […]
The five most important events of the week
This week, investors will be paying close attention to the latest minutes from the U.S. Federal Reserve (Fed) as they look for new perspectives that will shape the future of monetary policy in the country. Also the results of the chipmaker Nvidia (NVDA) will be an important sign of the artificial intelligence fever that has […]
Fed Governor Affirms U.S. Dollar’s Status as Global Reserve Currency
U.S. Federal Reserve (Fed) Governor Christopher Waller said the U.S. dollar (USD) is likely to sustain its dominant status around the world despite recent threats from both cryptocurrencies, the promotion of the Chinese yuan and the strengthening of the euro. “I do not expect the US dollar to lose its status as the world’s reserve […]
Bitcoin’s market capitalization surpasses $1 trillion again
The market capitalization of Bitcoin surpassed $1.013 trillion, reaching a 25-month high, primarily driven by the approval of Bitcoin (BTC) ETFs in the U.S. market. The total value invested in Bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021, supported by inflows from exchange-traded funds (ETFs) trading the spot cryptocurrency in […]
Daily Technical Analysis EUR/USD: The euro tries to stem its price losses
The euro (EUR) weakened against the US dollar (USD) on news that inflation in the United States rose by 3.1% year-on-year last month, beating market expectations. The EUR/USD exchange rate looks set to hit the support level at 1.0400, according to analysis, following the jump in the U.S. dollar after the release of last month’s […]
UK Inflation Holds Steady: Analyzing January’s CPI and Economic Outlook
Inflation in the U.K. has surprised positively in January. The Consumer Price Index (CPI) has settled at 4% year-on-year for the first month of the year, remaining unchanged compared to the rate recorded for December. The reading was more positive than expected, as analysts had expected 4.2%, according to data released by the Office for […]