Tag Archives: CPI
U.S. Inflation Eases While Tech Stocks Struggle
The US annual inflation rate dropped to 3% in June 2024, its lowest level since June 2023 and below the forecasted 3.1%. This marks the third consecutive month of decline, down from 3.3% in May. The Consumer Price Index (CPI) unexpectedly fell 0.1% month-over-month, the first decline since May 2020, contrary to expectations of a […]
Focus on AUDUSD today – 26th June, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for June 26, 2024. Key Takeaways Technical Analsis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Inflation in Canada Dips to Lowest Level in Three Years, Raising Odds of June Interest Rate Cut
The Canadian Consumer Price Index (CPI), which measures inflation, decreased to an annual rate of 2.7% in April, down from 2.9% in March, according to Statistics Canada’s report released on Tuesday. This figure matched market expectations. The government agency attributed the slowdown in inflation to a deceleration in price increases for food, services, and durable […]
Focus on EURUSD today – 16th May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for 16th MAY 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
US Economic Momentum Slows, Rate Cut Possibility Rises
Retail sales in the United States remained flat in April 2024, showing no change from the previous month. This followed a downwardly revised gain of 0.6% in March and defied market expectations of a 0.4% rise, suggesting consumer spending has slightly eased. Out of the 13 categories tracked, 7 posted declines. Significant drops were seen […]
China’s Deflation Haze Temporarily Dissipates, Market Awaits Trade Barrier Developments
China’s annual inflation rate rose to 0.3% in April 2024, surpassing market estimates and the previous month’s figure of 0.1%. It marked the third consecutive month of consumer inflation, amid an ongoing recovery in domestic demand despite a fragile economic revival. Non-food inflation accelerated to 0.9% from 0.7% in March. Simultaneously, transport costs added 0.1% […]
Inflation Edges Higher in February, Fueling Fed’s Caution
In February 2024, the Consumer Price Index in the United States went up by 0.4% on a month-to-month basis, forming a five-month peak. A raise showcased a subtle acceleration from January’s 0.3% and matched initial predictions. Over 60% of the increase was laid at the door of shelter costs that rose by 0.4% and gasoline […]
Timing the Federal Reserve’s Next Interest Rate Cut in 2024
The Federal Reserve, being a central bank with a dual mandate, is significantly tasked with ensuring equilibrium between inflation and employment market scenarios. Each consumer gets impacted by price fluctuations of goods and services, whether they are buying everyday commodities like milk and eggs or renting houses that are elastic to interest rates. In the […]
Rate cut jeopardized as US inflation remains high
Equities declined across the board as US dollar hit three-month high following the release of US inflation data. According to Labour Department’s Bureau of Statistics, US Consumer Price Index (CPI) rose 0.3% last month, slightly higher than forecast of 0.2%. Looking at yearly comparison, US CPI currently stands at 3.1%, well above Federal Reserve’s target […]
Focus on EURUSD today – 14th FEB 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for 14th February 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]