MNI BRIEF: Germany Needs To Reform Debt Brake-Experts' Council

MNI BRIEF: BOE Needs To Hold For Longer -- Mann

MNI BRIEF: Lower Rate Outlook Helping BTPs - Italy Debt Head

MNI China Daily Summary: Wednesday, November 13

MNI: PBOC Net Injects CNY215.7 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1991 Weds; +0.73% Y/Y

MNI: US OCT CPI UNROUNDED M/M 0.244%, CORE 0.280%

MNI: US OCT SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.314%

MNI: US OCT CPI 0.2%, CORE 0.3%; CPI Y/Y 2.6%, CORE Y/Y 3.3%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Holding Pattern Ahead Of US CPI/PPI

GOLD

Gold is little changed in the Asia-Pac session, after closing 0.1% higher at $2030.20 on Tuesday.

  • Bullion’s performance was noteworthy considering the strengthening in the USD index throughout the session.
  • Like US Treasuries, Tuesday’s session for gold is best seen as a holding pattern ahead of US CPI/PPI data on Thursday/Friday.
  • US Treasuries finished the NY session with yields 1-2bps lower across benchmarks. The 10-year note finishing above 4% for the third straight close.
  • From a technical standpoint, the range was narrow, with the low failing to test support at $2012.0 (50-day EMA). Such a test would be seen as part of the trend bear leg extension, according to MNI’s technicals team.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.