Gold Prices Hang on At Highs, Benign US CPI Prompts Rate Rethink
Non-yielding gold got a boost from news that the Fed seems to be winning its war on inflation.
Dow, Nikkei 225 and CAC40 Rise after US CPI data
Indices worldwide were given a lift by US inflation data yesterday, which showed a slower pace of price growth, easing the pressure on the Fed to raise rates again.
EUR/USD Soars on USD Weakness, EUR/GBP Struggles Against GBP Strength
EUR/USD is back to highs seen at the end of March last year, while EUR/GBP is probing lows last seen just under a year ago.
UK Economy Shrinks Less Than Expected in May, GBP/USD Breaches 1.3000
The UK economy continues to surprise as GDP is now estimated to be 0.2% above its pre-covid levels from February 2020. Given that further hikes are expected, are recessionary fears…
Gold Boosted by US CPI; Reverse Head & Shoulders Triggers in XAU/USD
Gold rebounded after US inflation slowed more than expected in June, reinforcing market expectations that the US Federal Reserve is nearing the end of its tightening cycle. To what extent…
Asia Day Ahead: Promising US Inflation Progress Drives Upbeat Market Mood
Lower-than-expected read in US inflation suggests that the tightening cycle from the Fed thus far are having its desired effect in moderating pricing pressures.
Crude Oil Joins the Party as the US Dollar Takes a Tonking. Higher WTI?
Crude oil prices leapt to higher ground after US CPI printed lower than forecast and led to hopes of a less restrictive Fed. The US Dollar collapsed in the aftermath…
US Dollar Forecast: EUR/USD, GBP/USD May Rise as Retail Traders Turn Bearish
The US Dollar is poised for its worst week since November 2022 and retail traders have responded. Bearish exposure in EUR/USD and GBP/USD is on the rise. Are more gains…
Gold Finds Spark in Weak US Inflation Data, EUR/USD Blasts Off to New 2023 Peak
Gold prices rally as weaker-than-expected U.S. CPI figures lead to a sharp drop in nominal yields and the U.S. dollar. Meanwhile, EUR/USD soars past technical resistance, reaching its best level…
EUR/USD IG Client Sentiment: Our data shows traders are now at their least net-long EUR/USD since Feb 01 when EUR/USD traded near 1.10.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.