NEWS UPDATE
. Gold prices gained in Asia on a perceived dovish tilt to a Fed rate hike overnight and as economists grapple with inflation outlook with the US reaching nearly full employment by conventional measures. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose by 0.86% to $1,259.30 a troy ounce. China reported industrial production for November came in at a gain of 6.1%, compared with a 6.2% rise seen followed by retail sales which rose 10.2%, compared to a 10.3% rise expected and fixed asset management came in up 7.2% as seen. The Federal Reserve approved its third rate hike of 2017 and forecasts further rate hikes despite growing concerns over the slow pace of inflation. Fed officials also expressed optimism in the economy, hiking their projection for economic growth in 2017 to 2.5%, while growth in 2018 was expected to rise to 2.5%, a 0.4% increase from the Fed’s September projections. The report raised investor expectations for ongoing bullish economic growth, lifting sentiment on risker assets like equities. Also supporting an uptick were comments from Trump, who said he hopes to sign the tax bill “in a very short period of time”, and stressed that it was “very important for the country” that Congress vote on it next week.
TIME CURRENCY PARTICULAR FORECAST PREVIOUS 7:00 PM USD CPI m/m 0.4% 0.1% 9:00 PM
USD
Crude oil Inventories
-3.6M
-5.6M 12:30 AM USD Federal Funds Rate 1.5% 1.25
For Getting Trial Click On Below Link
. Gold prices gained in Asia on a perceived dovish tilt to a Fed rate hike overnight and as economists grapple with inflation outlook with the US reaching nearly full employment by conventional measures. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose by 0.86% to $1,259.30 a troy ounce. China reported industrial production for November came in at a gain of 6.1%, compared with a 6.2% rise seen followed by retail sales which rose 10.2%, compared to a 10.3% rise expected and fixed asset management came in up 7.2% as seen. The Federal Reserve approved its third rate hike of 2017 and forecasts further rate hikes despite growing concerns over the slow pace of inflation. Fed officials also expressed optimism in the economy, hiking their projection for economic growth in 2017 to 2.5%, while growth in 2018 was expected to rise to 2.5%, a 0.4% increase from the Fed’s September projections. The report raised investor expectations for ongoing bullish economic growth, lifting sentiment on risker assets like equities. Also supporting an uptick were comments from Trump, who said he hopes to sign the tax bill “in a very short period of time”, and stressed that it was “very important for the country” that Congress vote on it next week.
TIME CURRENCY PARTICULAR FORECAST PREVIOUS 7:00 PM USD CPI m/m 0.4% 0.1% 9:00 PM
USD
Crude oil Inventories
-3.6M
-5.6M 12:30 AM USD Federal Funds Rate 1.5% 1.25
For Getting Trial Click On Below Link
No comments:
Post a Comment