Get Started
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more
 

Markets await US inflation data, UK GDP & BoC

Markets await US inflation data, UK GDP & BoC
Gold fell 0.43% yesterday in its second straight day of losses on USD strength and as investors looked ahead to the release of US inflation data. The consumer price index (CPI) is expected to rise again in June to a new 40-year high. However, core inflation which excludes more volatile items such as food and fuel is expected to fall for a third straight month.

Growth hit the DAX, RBNZ rate decision due later

Growth hit the DAX, RBNZ rate decision due later
The DAX closed 1.4% lower in the previous session as the Nord Stream 1 pipeline was switched off for annual maintenance work, but concerns grow over whether the Russian gas supply will e switched back on after the planned ten-day period. If not, Germany could be forced the start rationing gas supply to industry which would hurt demand for German assets such as the DAX.

China COVID and US inflation fears return

China COVID and US inflation fears return
AUD/USD gained 0.6% in the previous week after the RBA hiked interest rates by 50 basis points taking the rate to 1.35%. This was the first time in history that the central bank has raised rates by 50 basis points at consecutive meetings.

Important

Please note that tixee.com does not provide services to residents of the European Union.

If you are seeing this message in error and are not a resident of any EU country, kindly confirm below to continue.

PROCEED