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surge in the US Bond yields and pop higher in the US Dollar was due to following: GDP deflator 3.1% vs 3.0% expected (1.7% prior) Core PCE +3.7% vs +3.4% expected (+2.0% prior) These are inflation measures and they have come in hotter. Tomorrow we get the standalone PCE report and the market is adjusting to price in something a tad hotter

surge in the US Bond yields and pop higher in the US Dollar was due to following: GDP deflator 3.1% vs 3.0% expected (1.7% prior)Core […]

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Morning Alert 25 APRIL

RBI flags unauthorized forex entities offering exorbitant returnsThe Reserve Bank of India (RBI) on Wednesday flagged unauthorized entities offering foreign exchange (forex) trading facilities with […]

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Gold price is trading within a narrow range on Wednesday, following nearly 3% drop in past two days, which cracked psychological $2300 support, but failed to sustain break lower, contained by daily Kijun-sen ($2289) Tuesday’s action formed a hammer candlestick, generating an initial signal of reversal of the limited pullback which could be for now described as a healthy…

Gold price is trading within a narrow range on Wednesday, following nearly 3% drop in past two days, which cracked psychological $2300 support, but failed […]

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