News
Important Only
FxstreetJun 12, 2024
Oil edges up towards $80 as US inventories decline by more than expected
Investing.comJun 12, 2024
Midday movers: Apple, Oracle, Zillow rise; Rubrik falls
FxstreetJun 12, 2024
India M3 Money Supply unchanged at 10.9% in May 27
AUD/USD edges higher prior to US CPI and Federal Reserve meeting
FxstreetJun 12, 2024
United Kingdom NIESR GDP Estimate (3M): 0.7% (May)
FxstreetJun 12, 2024
United States MBA Mortgage Applications climbed from previous -5.2% to 15.6% in June 7
Commodities
Oil edges up towards $80 as US inventories decline by more than expected
Oil prices are sprinting higher on Wednesday, touching the highest level since May 30, supported by a larger-than-expected decrease in US inventories. Data from the American Petroleum Institute (API) showed on Tuesday that crude stockpiles declined byFxstreet
Jun 12, 2024
Indices
US Dollar sideways ahead of US CPI, Fed decision
The US Dollar (USD) trades nearly flat in Wednesday’s European session and holds above the 105.00 level ahead of two key economic events: the US Consumer Price Index (CPI) release for May and the US Federal Reserve (Fed) interest rate decision.Fxstreet
Jun 12, 2024
Commodities
Gold struggles on trimmed Fed rate cut bets, China buying pause
Gold (XAU/USD) trades marginally lower on Wednesday as expectations that interest rates in the US will remain high, and news the People’s Bank of China (PBoC) has halted Gold buying after an 18-month spree, weigh on the precious metal.
Fxstreet
Jun 12, 2024
Economic Indicator
US Federal Reserve Decision Preview: Dot plot could shed light on Fed’s interest rate path
The US Federal Reserve (Fed) will announce monetary policy decisions following the June policy meeting and release the revised Summary of Economic Projections (SEP), the so-called dot plot, on Wednesday.Fxstreet
Jun 12, 2024
Forex
EUR/USD finds support as US Dollar edges down ahead of CPI, Fed decision
EUR/USD edges higher to 1.0750 in Wednesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for May and the Federal Reserve’s (Fed) interest rate decision, which are scheduled for the American session.Fxstreet
Jun 12, 2024
Commodities
IEA lowers 2024 global demand growth forecast by 100,000 bpd to 960,000 bpd
In its monthly oil market report published on Wednesday, the International Energy Agency (IEA) slashed the 2024 global oil demand growth forecast by 100,000 bpd to 960,000 barrels per day (bpd).
Fxstreet
Jun 12, 2024
