Dow Jones 30 Continues to Slide on Inflation Concerns

Inflationary pressures have weighed down on the Dow Jones 30 Futures (CBOT: YM) following a 3.06% selloff in the index last week. The PCE Index, which came in higher-than-expected last…

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XAUUSD Respects Classic Fibonacci Level

Gold prices were sent lower following a period of the Greenback’s robustness, with Spot Gold (XAUUSD) down 1.65% in the prior week. U.S. Inflation rose in January's PCE Index to…

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EURJPY Bulls Feast on Interest Rate Differential

The EURJPY currency pair traders have pointed mainly in one direction, up. The pair has gained 2.63% in a fortnight, and bulls have started the current week on the front…

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The Chemicals Giant, BASF SE NA O.N, Plummets on Weak Earnings

The world’s largest chemicals company, BASF SE NA O.N (XETR: BAS), plunged 8% last week, primarily due to weak final quarter earnings. Earnings and revenues missed consensus by 83.19% and…

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EURUSD Sheds 1.38% to Continue in its Depressive State

The EURUSD currency pair has been led down a slippery slope by traders full of hawkish attitudes and belief in strengthening the Greenback. The pair slid 1.38% in the prior…

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U.S. Inflation Unwavering as Risk Assets Lose Out

Inflation has once again proven to be a hot topic following the PCE Index report, which revealed that prices have strengthened for two months back to back, up 0.6% in…

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S&P500 Plunges Ahead of U.S. Inflation Data

S&P500 futures (CME: ES) have taken a 0.63% hit ahead of the release of the PCE Index, the Federal Reserve’s (Fed) preferred inflation gauge. Traders will look to the PCE…

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