Gold Sinks, Weighed Down by the Dollar and US Yields Post CPI
Gold is still reeling after stubborn inflation in January sent US yields and the dollar higher. The precious metal eyes further levels of support including the 200 SMA
Gold is still reeling after stubborn inflation in January sent US yields and the dollar higher. The precious metal eyes further levels of support including the 200 SMA
UK inflation was unchanged in January but came in marginally below market forecasts as higher energy prices were offset by lower food and household costs
This article provides an in-depth examination of the technical outlook for gold, the Nasdaq 100 and EUR/USD following January’s US inflation data, highlighting key price thresholds poised to act as support or resistance in the coming days.
This article examines the technical and fundamental outlook for USD/JPY following the latest U.S. inflation report, discussing key levels that traders should watch in the coming days.
US CPI proved hotter-than-expected, sending the euro lower. Technically, the euro has a few lifelines which challenge the longevity of recent dollar strength
US inflation was reported higher-than-expected in January, sending US Treasury yields and the US dollar sharply higher.
UK employment picked up in December, Tightening the unemployment rate to 3.8%. Earnings also surprised to the upside which helped spur on the pound
This article examines the technical outlook for gold prices, USD/JPY and GBP/USD ahead the U.S. inflation report, examining possible scenarios that could play out over the coming days.
This article examines the fundamental and technical outlook for EUR/USD ahead of Tuesday’s U.S. inflation data, analyzing potential scenarios that could unfold in the near term.
Monthly jobs, inflation, and growth numbers will hit the screens this week and, once the dust settles, Sterling’s short-term outlook will be a lot clearer.