4. Food and non-alcoholic beverages saw a year-on-year increase of 7.2% and contributed 1.3 percentage points to the overall inflation rate.
Economic data has the potential to drive FX markets, particularly when the actual figure differs greatly from what was anticipated. Learn how to prepare and take advantage of such occurrences via our comprehensive guide below:In January 2024, South Africa faced a notable rise in consumer inflation. The inflationary pressure was largely attributed to the increased costs of essential commodities such as food, housing, utilities, transport, and miscellaneous goods and services.
A tight stop level is considered in lieu of upcoming data in the form of the National Budget Speech and US
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euro Price Outlook: Hot US CPI Weighs on the EuroUS CPI proved hotter-than-expected, sending the euro lower. Technically, the euro has a few lifelines which challenge the longevity of recent dollar strength
Source: DailyFX - 🏆 305. / 63 Read more »
EUR/USD Forecast: Hotter US CPI puts markets in panic modeThe EUR/USD pair spent the first half of the day trading uneventfully around the 1.0770 price zone, as the Euro could not take advantage of the broad US Dollar’s weakness.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Bitcoin (BTC) Price to $600,000: Tuur Demeester Shares Uber-Bullish ForecastBitcoin OG Tuur Demeester, who masterfully predicted peak of 2021 rally, indicates ambitious goals for BTC
Source: Utoday_en - 🏆 295. / 63 Read more »
EUR/USD Weekly Forecast: Bears encouraged by price pressure heating upThe EUR/USD pair is ending a second consecutive week little changed at around 1.0750, although it posted a fresh low for 2024 of 1.0694.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Gold Price Forecast: US Inflation Data to Guide Trend; XAU/USD Levels AheadThis article focuses on gold’s fundamental and technical outlook, pinpointing significant catalysts for volatility and essential price thresholds that could act as support or resistance in the coming days.
Source: DailyFX - 🏆 305. / 63 Read more »
Gold Price Forecast: US Inflation to Dictate Direction, Volatility Looms AheadThis article discusses the fundamental and technical outlook for gold prices ahead of next week's key U.S. inflation data, examining possible scenarios that could develop in the near term.
Source: DailyFX - 🏆 305. / 63 Read more »