AI mega-stock Nvidia leapt by 7% in US trade, helping push the Nasdaq 100 to a fresh record closing high. The US dollar remains subdued ahead of Friday’s US inflation release.
USD/JPY has slipped back below 157.00, while GBP/JPY is touching the 200 level again, as the US dollar and Sterling take different paths
The Aussie benefitted from a broadly weaker Dollar after the US Holiday which let it gains despite a data miss
Gold and silver are both treading water at the start of a holiday-shortened week with Friday’s US inflation report (PCE) the key economic release of note.
The new week will kick off in a calmly and quiet manner, with US and UK markets closed on Monday. The economic calendar, however, will heat up heading into the weekend with the release of Eurozone inflation and US core PCE data, two critical reports for policymakers that could unleash greater volatility.
This article delves into the fundamental and technical outlook for gold, with a specific focus on analyzing price action dynamics and potential scenarios post the release of U.S. PCE data later this week.
A worsening economic backdrop, declining consumer spending and a lack of progress in the desired wage-price spiral hampers the BoJ amid future rate hikes
This article explores gold’s technical and fundamental outlook, discussing potential scenarios that could play out over the coming days and weeks.
This article explores retail sentiment on the Japanese yen through an analysis of USD/JPY, EUR/JPY, and GBP/JPY. Moreover, we consider potential near-term scenarios based on market positioning and contrarian signals.
Gold loses it shine after a Hawkish Fed and firmer USD Pressure XAU/USD. The precious metal is set for its worst week since December, as bulls waver. Will PCE data extend the slide?