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Sensex Today Trades Flat; PNC Infratech Rallies 10%

Sensex Today Trades Flat; PNC Infratech Rallies 10%

Asian shares inched higher as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold interest rates next week. The dollar snapped a three-day gain.South Korean equities rose for a second session, continuing a recovery after last week’s short-lived martial law event that thrust the country into political […]
US CPI And Bank Of Canada Decision

US CPI And Bank Of Canada Decision

Image Source: Unsplash  The ongoing political struggles in Germany and France, along with expectations for an ECB rate cut and more dovish leaning communication at tomorrow’s meeting have kept the Euro well capped into rallies.Video Length: 00:01:12More By This Author:Canadian Dollar Hits Lowest Level Since April 2020 RBA Holds But More Dovish Than Expected US Dollar […]
Forex Today: Uptick In US Inflation Expected Today

Forex Today: Uptick In US Inflation Expected Today

Image source: Pixabay  Markets will be closely watching the release of US CPI (unemployment) data today. The USA will see the release of highly important inflation data today which will show the month-on-month and annualized CPI metrics. Annualized inflation is expected to show a small uptick from 2.6% to 2.7%. The Fed has made clear it […]
Elliott Wave Technical Analysis – Binance Crypto Price News

Elliott Wave Technical Analysis – Binance Crypto Price News

Elliott Wave Analysis TradingLoungeBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave ADirection Next higher Degrees: wave (2)Wave Cancel invalid level:Details: Retracement of wave A before Pull-back in wave B.Binance/ U.S. dollar(BNBUSD)Trading Strategy:Wave (1) appears to have ended and price is now entering a correction phase in wave (2), so wait for the correction to […]
WTI Continues To Rise Toward $69.00 Due To Improved Demand Outlook In China

WTI Continues To Rise Toward $69.00 Due To Improved Demand Outlook In China

Image Source: Pixabay WTI price appreciates as China announced plans to adopt proactive fiscal stimulus measures next year. API Weekly Crude Oil Stock rose by 0.499 million barrels against an expected decrease of 1.30 million barrels. Traders are anticipating the upcoming OPEC Monthly Oil Market Report to evaluate crude Oil market trends for the year ahead. […]
Pound Sterling Trades Lackluster Against US Dollar As US Inflation Data Looms

Pound Sterling Trades Lackluster Against US Dollar As US Inflation Data Looms

Photo by Colin Watts on Unsplash The Pound Sterling oscillates in a tight range near 1.2750 against the US Dollar ahead of the US inflation data for November. Economists expect the Fed to cut interest rates by 25 bps after the policy meeting on December 18. Investors await the UK monthly GDP data to get cues about the […]
Rates Spark: Sizeable Rate Moves Expected In 2025

Rates Spark: Sizeable Rate Moves Expected In 2025

Image Source: PexelsUS core CPI is expected to come in at 0.3% month-on-month, which on an annualised basis is not great. So despite cooling growth, this does push back against the bullish case for USTs. But the bigger market moves will come next year, which we outline in our Rates Outlook for 2025.The landing zone of central […]
Gold Hits Near 1-Month High On Safe-Haven Demand; Momentum Favours Bulls

Gold Hits Near 1-Month High On Safe-Haven Demand; Momentum Favours Bulls

Image Source: Pixabay Gold prices hit a near 1-month high on increasing safe-haven demand amid geopolitical turmoil. China’s central bank bought gold for the first time in six months during November. Investors will now focus on the release of the US CPI data for further cues on Fed’s rate-cut cycle. Gold prices hit a near one-month […]
Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High

Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High

Photo by Alexandre Brondino on UnsplashCash-strapped US consumers should be deeply concerned about rising food inflation. It’s ‘stickier’ than ever as coffee and cocoa prices surge.Arabica coffee futures in New York hit a record high on Tuesday, driven by ongoing fears of a global supply crunch. Prices surged nearly 5% during the session, reaching their highest level in data dating […]
Fed Rate Cut Odds In December Are 85.8 Percent Despite CPI Estimates

Fed Rate Cut Odds In December Are 85.8 Percent Despite CPI Estimates

Image source: PixabayRate cut odds have been rising despite relatively strong CPI data. The Fed meets on December 18.According to CME Fedwatch, there is an 85.8 percent chance of a quarter-point cut at the December 18 Fed meeting.However, there does not seem to much of a reason to cut rates and even less of one if one […]