Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Indonesia's December headline inflation rate gains 3.40% year-on-year
In December, Indonesia's headline inflation rate is believed to have ascended moderately, which is the first ascend after five months of dives, although it stayed within the major bank's target band, as a Reuters survey disclosed.
In December, the consumer price index rallied 3.40% from 2016, versus November’s outcome of 3.30%, according to the median estimate of 11 experts surveyed by Reuters.
On a monthly basis, the inflation rate hit 0.48%, picking up tempo from November’s 0.20%.
Some experts cited soaring demand for goods as well as services during Christmas celebration and also ahead of New Year holidays as the key factor for December's inflationary pressure.
Bank Indonesia has predicted a headline inflation rate of about 3%-3.5% by the end of 2017 and 2.5%- 4.5% in 2018.
The annual core inflation rate, stripping out government-controlled as well as volatile food prices, was observed soaring marginally to 3.08%, according to the median forecast of 7 experts having a view on December core inflation.
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!