Gold Price Forecast: XAU/USD Battered in the Aftermath of US CPI
Gold prices (XAU/USD) have extended losses in the aftermath of US CPI, driving GC futures below prior psychological support turned resistance at $1,850.
US Retail Sales Beat Expectations, US Dollar (DXY) Continues to Move Higher
Retail sales beat market forecasts by a margin in January, according to the latest US Census Bureau release, underpinning an already strong US dollar
FTSE Price Outlook: UK Index Falters at 8000 Level as Signs of Fatigue Show
The FTSE 100 Index has pushed higher, making new all-time highs over the past week. However, signs of fatigue have appeared at the psychological 8000 level
USD/JPY Pushing Higher on US Dollar Strength and Yen Weakness
The new Bank of Japan (BoJ) governor will have his work cut out trying to boost flagging growth while pressing down on rising inflation
WTI Oil Price Forecast: Eyeing Potential Bounce Off 50-Day MA
WTI Oil failed to capitalize on upgraded forecasts by OPEC+. Inventory concerns and dollar strength continue to weigh on a potential recovery.
Breaking News: CPI Miss Confirms Cooling UK Inflation, GBP on Offer
UK CPI data showed a marked decline in inflationary pressures for January resulting in a pound sell-off with GBP/USD testing the 1.21 support level.
Gold Prices Looked Past an Inflation Beat, But Broader Outlook Remains Bearish
Gold prices finished flat on Tuesday despite an unexpectedly strong US CPI report as markets were also focused on Fedspeak. Down the road, the path for XAU/USD may remain tilted…
US Dollar Trades Up Post CPI Beat as Markets Grapple Fed Hikes. Higher USD?
The US Dollar ascendency got back on track after inflation gauges popped higher and the focus moved to the Federal Reserve with more hikes coming. Will USD trend north?
EUR/USD Price Action Setup After US CPI
US CPI data provided little cues on the future path of Fed policy, reasserting the broader consolidation backdrop in EUR/USD. What is the outlook and what are the key levels…
Japanese Yen Slips as New BoJ Governor Takes the Helm. Where to for USD/JPY?
The Japanese Yen has lost ground against the US Dollar this week amidst the appointment of new Bank of Japan Governor Kazuo Ueda. Will his policies drive USD/JPY higher?