UK CPI INFLATION JUMPS TO 3% IN JANUARY, ABOVE EXPECTATIONS
UK annual CPI rose 3% in January, above the 2.8% forecast.
Monthly CPI declined by -0.1%, better than the anticipated -0.3%.
GBP/USD holds above 1.2600 after the CPI data release.
Inflation remains well above the Bank of England’s 2% target.
January’s CPI increase follows a 2.5% rise in December.
XAG/USD RISES TO NEAR $32.60 AS USD CORRECTS AHEAD OF US NFP Silver (XAG/USD) has risen to approximately $32.60 during European trading hours on Friday, as the US Dollar (USD) experiences a correction ahead of the upcoming US Nonfarm Payrolls (NFP) report. The US Dollar Index
US STOCK INDICES FUTURES EXTENDED GAINS WHILE GOLD (XAU/USD) RECENT LOSSES FOUND SUPPORT AT THE 20-DAY MA In the Asian session on Friday, US stock index futures reversed early losses. The S&P 500 and Nasdaq 100 E-mini futures initially fell 0.4% and 0.3%, respectively, following
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USD/CAD PRICE FORECAST: TESTS 1.3800 SUPPORT AFTER PULLING BACK FROM NINE-DAY EMA The USD/CAD pair is trading around 1.3810 during early European hours on Friday, indicating a retracement from its previous gains. The daily chart reveals that the pair is attempting to break above a descending