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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 PCE +3.7% vs +3.4% expected (+2.0%…
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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 promises of exorbitant returns. The…
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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 to sustain break lower, contained…