Page 37 - Thomas Barkin News Today

China’s consumer price index for January is expected to fall 0.5% year-on-year, while the Reserve Bank of India is forecast to hold rates at 6.5%

Gold price (XAU/USD) extends its sideways consolidative price move during the Asian session on Thursday as traders remain uncertain about the timing and the likely pace of interest rate cuts by the Federal Reserve (Fed) this year.

The Indian rupee gained on Thursday, aided by better risk appetite amid a pause in the dollars recent rally, with traders awaiting cues from the Reserve Bank of Indias monetary policy decision. ...

China's consumer price index for January slipped more than expected, falling 0.8% year-on-year, compared to expectations of -0.5%.

U.S. central bankers want to hold off on cutting interest rates until they have more confidence that inflation is headed down to 2%, and on Wednesday gave a range of reasons for feeling little urgency to start easing policy soon or to move quickly once they do.

Richmond Fed President Thomas Barkin has voiced a call for patience concerning interest rate cuts, in the face of prevailing economic uncertainties.

Gold price (XAU/USD) remains confined in a narrow trading band above the $2030 mark per troy ounce during the early Asian trading hours on Thursday.

The GBP/USD pair gains traction during the early Asian session on Thursday.

Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.

In Beijing's biggest wholesale food market the butcher blocks are quiet. The lead up to the Lunar New Year should be the busiest season, but pensive consumers are holding back. Thursday's China price data reflects their reticence.