The post Markets brace for PMIs and US CPI double feature appeared on BitcoinEthereumNews.com. The US Dollar (USD) remained fairly bid in the upper end of its weekly range, while investors kept the prudence intact ahead of the release of US CPI prints. Meanwhile, US-China trade concerns kept doing the rounds alongside the utter absence of news surrounding the US federeal government shutdown. Here’s what to watch on Friday, October 24: The US Dollar Index (DXY) set aside Wednesday’s slight retracement and clocked acceptable gains, always keeping its trade in the upper end of the weekly range. The release of the US Inflation Rate will take centre stage, seconded by the advanced S&P Global Manufacturing and Services PMIs for the month of October and the final U-Mich Consumer Sentiment gauge. EUR/USD advanced marginally, managing to briefly retest the area beyond the 1.1600 hurdle. The flash HCOB Manufacturing and Services PMIs are due, seconded by the ECB’s Consumer Inflation Expectations survey and the speech by the ECB’S Cipollone. There was no respite for the weekly rout in the British Pound, sending GBP/USD back to the low-1.3300s, down for the fifth day in a row. The preliminary S&P Global Manufacturing and Services PMIs will be published along with Retail Sales, GfK’s Consumer Confidence, and the speech by the BoE’s Woods. USD/JPY added to the ongoing rally, reaching fresh two-week lows around 152.80. Next on tap on the Japanese calendar will be the advanced S&P Global Manufacturing and Services PMIs, the Inflation Rate, and the final prints of the Coincident Index and the Leading Economic Index. AUD/USD kept its erratic performance well in place, leaving behind two daily drops in a row and surpassing the 0.6500 hurdle once again. The flash S&P Global Manufacturing and Services PMIs are due, followed by the speech by the RBA’s Bullock. WTI jumped to two-week highs, revisiting the area just above… The post Markets brace for PMIs and US CPI double feature appeared on BitcoinEthereumNews.com. The US Dollar (USD) remained fairly bid in the upper end of its weekly range, while investors kept the prudence intact ahead of the release of US CPI prints. Meanwhile, US-China trade concerns kept doing the rounds alongside the utter absence of news surrounding the US federeal government shutdown. Here’s what to watch on Friday, October 24: The US Dollar Index (DXY) set aside Wednesday’s slight retracement and clocked acceptable gains, always keeping its trade in the upper end of the weekly range. The release of the US Inflation Rate will take centre stage, seconded by the advanced S&P Global Manufacturing and Services PMIs for the month of October and the final U-Mich Consumer Sentiment gauge. EUR/USD advanced marginally, managing to briefly retest the area beyond the 1.1600 hurdle. The flash HCOB Manufacturing and Services PMIs are due, seconded by the ECB’s Consumer Inflation Expectations survey and the speech by the ECB’S Cipollone. There was no respite for the weekly rout in the British Pound, sending GBP/USD back to the low-1.3300s, down for the fifth day in a row. The preliminary S&P Global Manufacturing and Services PMIs will be published along with Retail Sales, GfK’s Consumer Confidence, and the speech by the BoE’s Woods. USD/JPY added to the ongoing rally, reaching fresh two-week lows around 152.80. Next on tap on the Japanese calendar will be the advanced S&P Global Manufacturing and Services PMIs, the Inflation Rate, and the final prints of the Coincident Index and the Leading Economic Index. AUD/USD kept its erratic performance well in place, leaving behind two daily drops in a row and surpassing the 0.6500 hurdle once again. The flash S&P Global Manufacturing and Services PMIs are due, followed by the speech by the RBA’s Bullock. WTI jumped to two-week highs, revisiting the area just above…

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more