Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears 
BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Dollar Stabilizes Amid Fragile US-Iran Ceasefire as Markets Watch Hormuz Strait 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data.
As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous month, while the core PPI rose by 0.2%. Jobless claims slightly improved, with initial claims falling to 221,000 but continuing claims rising to 1.892 million. Retail sales increased by 0.4% in October, exceeding expectations, while industrial production fell by 0.3%. Consumer sentiment declined to 70.5, suggesting people are becoming more cautious. Inflation expectations hit a four-year low, indicating easing price pressures. Overall, the economy shows mixed signals, with strength in retail but weakness in production and claims. These trends will be important for policymakers moving forward.
Recent reports on the Consumer Price Index (CPI) and Producer Price Index (PPI) have changed expectations for a Federal Reserve rate cut. The chance of a rate cut in December has increased to about 80%, up from around 60% beforehand. Traders widely believe the Fed will lower interest rates by 25 basis points. This development shows growing confidence that the Fed will respond to the economic data. Overall, the situation suggests a likely move towards easing monetary policy.
Next week, several countries are set to announce their estimates for October consumer inflation
Canadian CPI Data
Release Date: Tuesday, November 19, 2024.
UK CPI Data
Release Date: Wednesday, November 20, 2024.
