Why US CPI and Pce Inflation Figures Diverge

US PCE inflation has outstripped CPI inflation in recent months (in contrast to historical trends). This was especially the case for core inflation. The divergence is caused by important weight…

Global Research Desk

Gold stays under pressure after break of key technical level this week

The story for precious metals now is that it looks like things will get much worse before they get any better. The fate of gold and silver is largely tied…

Global Research Desk

EURAUD Wave Analysis – ActionForex

EURAUD: ⬆️ Buy – EURAUD broke resistance zone – Likely to rise to resistance level 1.6600 EURAUD currency pair recently broke the resistance zone between the resistance level 1.6360 (which has…

Global Research Desk

Swiss Franc remains subdued as traders adopt caution due to Middle East concerns

USD/CHF extends its gains for the fourth successive day, trading around 0.7990 during the Asian hours on Wednesday. The pair may further appreciate as the safe-haven demand could support the…

Global Research Desk

Platinum Wave Analysis – ActionForex

Platinum: ⬇️ Sell – Platinum broke key support level 1835.00 – Likely to fall to support level 1660.00 Platinum recently broke the support zone between the key support level 1835.00 (which has…

Global Research Desk

EUR/USD Price Forecast: Flattens around 1.1545 ahead of US Inflation data

The EUR/USD pair trades in a tight range around 1.1545 during the Asian trading session on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades calmly ahead…

Global Research Desk

Gold Loses Ground with a Major Inflation Test Just Ahead

Key Highlights Gold started a fresh decline below the $4,400 support. A major bearish trend line is forming with resistance at $4,480 on the 4-hour chart. WTI Crude Oil extended…

Global Research Desk

Iran strikes US bases in Jordan, Kuwait and Bahrain as retaliation widens across region

This is a categorically different order of escalation. Long-range missile strikes on Al-Azraq in Jordan, home to F-35 infrastructure and command-and-control facilities, signal that Iran is prepared to hit high-value…

Global Research Desk

USDJPY Steadies Above 160 on Looming Intervention

USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan’s officials about intervention. Growing speculations about Fed rate hike this year continue…

Global Research Desk

The NZD, AUD and CAD are all rising vs the USD with the help of risk-on flows.

The NZDUSD and AUDUSD fell sharply last week, with the help of the stock liquidation on Friday. That led to risk off flows for the currencies and a flight into…

Global Research Desk