Page 21 - Quantitative Easing News Today

Pound Sterling traders keenly await the release of the high-impact Consumer Price Index (CPI) data from the United Kingdom (UK) on Wednesday, for fresh hints on the timing of the Bank of England’s (BoE) first interest rate cuts this year, as the BoE policymakers continue to push back against expectations of early rate cuts.

The Pound Sterling (GBP) falls vertically in Tuesday’s early New York session as stubborn United States Consumer Price Index (CPI) data for January has dampened market sentiment.

Gold price (XAU/USD) faces a sell-off as the United States Bureau of Labor Statistics (BLS) has reported stubborn Consumer Price Index (CPI) data for January.

Gold price (XAU/USD) fails to build on the overnight bounce from the $2,020 region and oscillates in a familiar trading range during the Asian session on Friday.

The EUR/USD pair continues with its struggle to move back above the 100-day Simple Moving Average (SMA) support-turned-resistance and remains below the 1.0800 mark through the early European session on Friday.

The Pound Sterling (GBP) is back in its old range after a mild correction during Friday’s European session.

The US Dollar (USD) is holding on to gains in the US trading session. Initially hopes of a ceasefire breakthrough between Israel and Hamas made the safety-linked US Dollar retreat a touch. After Israel’s Prime Minister Benjamin Netanyahu came

The Canadian Dollar (CAD) has stepped broadly higher against the majority of its major currency peers on Thursday, though the CAD is battling a recovering US Dollar (USD) as the two currencies are on pace to settle the day as the top performers.

EUR/USD cycled Tuesday’s opening bids in a tight pattern as investors await further indications of when central banks will begin making rate cuts with broader markets hinging their focus on interest rate activity.

The Federal Reserve Bank of Philadelphia President, Patrick Harker said on Tuesday that the central bank made the right choice last week to maintain interest rates steady amid an outlook that likely heralds more inflation declines, per Reuters.