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Germany’s IFO Business Climate Index unexpectedly improves to 90.2 in October
Source Fxstreet
The German IFO Institute Business Climate Index improves to 90.2 in October. The sentiment data was expected to come in lower at 89.8 from 89.9 in September.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Imminent CPI and PPI data threaten to lock in a hawkish Federal Reserve rate hike cycle, leaving gold, tech equities, and Bitcoin highly vulnerable to a programmatic sell-off.
Gold holds above $4,350 following weak US jobs data. As inflation reports approach and UBS eyes $5,000, can XAUUSD break resistance at $4,435 to rally toward $4,500?
Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
Gold gained 0.94% on August 17, closing near $4,417.30 as softer US data strengthened expectations for unchanged Fed rates in September. Gold remains bullish, with $4,449.730 resistance and $4,310.650 support in focus.
SpaceX’s latest earnings have given Wall Street a reason to revisit AI hardware stocks. Elon Musk’s company is preparing to spend billions more on computing infrastructure, and three US-listed stocks