Market News - Gold, Oil & Forex

The Consumer Price Index (CPI) rose by 0.1% month-on-month (m/m) in July – in line with expectations. On a twelve-month basis, CPI edged down to 3.4% (from 3.5% in June). Energy costs fell by 1.5% m/m, led by a 2.9% m/m decline in prices at the pump. Food prices rose 0.1% m/m – its softest […] The post US: Inflationary Pressures Remain Subdued in July    appeared first on ActionForex.

Dollar weakened broadly after July CPI matched expectations, with headline inflation slowing from 3.5% to 3.4% y/y and core easing from 2.6% to 2.5%. September hold odds rose to around 58% from roughly 51% a day earlier. Core inflation has now fully round-tripped back to exactly where it stood before the Iran war first disrupted energy markets. The post Dollar Falls as July CPI Closes First Oil-Shock Chapter - August Opens the Next appeared first on ActionForex.

US inflation eased as expected in July, reinforcing case for Fed to stay on hold while it waits for clearer evidence on both prices and labor market. Headline CPI rose from -0.4% to 0.1% m/m, while annual rate slowed from 3.5% y/y to 3.4%. Core CPI increased from 0.0% to 0.2% m/m, with annual core […] The post US CPI Slows to 3.4% as Core Inflation Eases to 2.5% appeared first on ActionForex.

Whatever the inflation figures may be, the precious metal will come out on top. Japan and the US don’t want to give the yen’s fate to speculators. The US dollar continues to recover from the blow dealt by the labour market statistics. A rally in Treasury bond yields is driving the rise in the USD […] The post Gold as a Sure-Fire Bet appeared first on ActionForex.

Market Overview The crypto market capitalisation has remained virtually unchanged over the past 24 hours, hovering around $2.18T. Trading activity in crypto and equity markets is currently at its lowest due to the holiday season. This period also often lays the groundwork for trends in the coming quarters, as market participants reassess the situation ahead […] The post BNB’s Rise Points to a Recovery in Crypto, Despite the Cloud Hanging Over BTC appeared first on ActionForex.

Germany’s benchmark index just made history, breaking above 26,500 for the first time ever, extending a rally that has already delivered close to 10% over the past twelve months. The move came on fresh optimism around a potential resolution to the Iran conflict, though that optimism proved short-lived: President Trump’s latest demands, that Tehran compensate […] The post DAX 40: Record Highs, Real Fundamentals, One Channel Left to Test appeared first on ActionForex.

Bitcoin is drifting toward the psychologically important $60,000 level in a bearish holding pattern, with September 15's procedural cloture vote on the CLARITY Act setting up an asymmetric outcome - failure would be a clean negative signal, while success would only keep the legislative process moving. The post Bitcoin Grinds Toward $60K as the CLARITY Act Catalyst Shifts to September 15 appeared first on ActionForex.

The euro and pound are holding their ground against the US dollar, although the momentum in European currencies has become more subdued following their previous gains. Market participants are reluctant to establish new positions ahead of the release of the July US inflation report, which could alter expectations for the Federal Reserve’s future policy. Recent […] The post EUR/USD and GBP/USD Await a Fresh Impulse from Inflation Data appeared first on ActionForex.

In focus today Today’s most important data release will be the US July CPI, where we forecast headline inflation at 0.2% m/m SA, 3.4% y/y (prior: -0.4% m/m, 3.5% y/y) and core inflation at 0.2% m/m SA, 2.5% y/y (prior: 0.0% m/m, 2.6% y/y). Inflation was broadly lower-than-expected in June, and markets are now pondering […] The post US CPI to Set the Tone appeared first on ActionForex.

Gold has kept climbing even as Brent rebounded from $70 toward $90, a divergence that reflects markets betting the Fed won't tighten again without proof oil is feeding into core inflation - and Wednesday's CPI is the first test of that bet. The post Gold Is Betting $90 Oil Won’t Force the Fed Back to Tightening. CPI Is the First Check. appeared first on ActionForex.

Brent oil price rose to the highest in over one week on Tuesday, in extension of Monday’s nearly 5% advance, following the latest verbal escalation by President Trump that quickly changed the sentiment and countered efforts of Iran and Oman to find solution for reopening of strategic Hormuz strait. The latest demands from President Trump […] The post Brent Oil Price Falls After Recovery Failed to Clear Important $90 Barrier appeared first on ActionForex.

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Copper (HG_F) commodity published in members’ area of the website. As our members know, Copper Futures recently completed a pullback that provided a high-probability trading setup. The decline unfolded as a clear Elliott Wave Zig […] The post Copper (Hg_F) Elliott Wave: Targeting a Buy at the Blue Box appeared first on ActionForex.