Michigan Consumer Sentiment Beats Across the Board, US Dollar Unmoved
The US dollar is little changed after the release of the latest Uni of Michigan Consumer Sentiment report showed consumer sentiment picking up sharply.
GBP/USD Gains On US Inflation, Surprise Sign of UK Growth
The Pound got some rare support from its domestic economy, but US Inflation is doing the heavy lifting here
U.S Banks BAC, WFC and JPM Launch Earnings Season
Q4 earnings commenced with Bank of America (BAC), JP Morgan (JPM) and Wells Fargo (WFC) all showing similar trends across financial metrics.
Gold Outlook: XAU/USD Soars but Overbought Signals Flash Red
Gold has enjoyed a prolonged bullish run with little indication of a deep pullback until now. The yellow metal faces the next zone of resistance above 1900
S&P 500, Nasdaq 100 Latest – Focus Now Turns to US Earnings Season
US equity markets have enjoyed a positive week on benign economic data. Ahead, the latest look at US corporate earnings may add a dose of volatility to a range of…
Euro Continues to Surge as the US Dollar Wilts Post US CPI. Higher EUR/USD?
The Euro rally has been maintained today after the US Dollar was pummelled on bets that the Federal Reserve may not need to be so hawkish. Will the trend continue…
Japanese Yen Technical Outlook: USD/JPY Nears Key Support
The fall to a 6-1/2-month low on Thursday confirms that downward momentum in USD/JPY remains intact for now. However, the slide appears to be losing steam as the pair approaches…
Dollar Breaks But S&P 500 Can’t Overcome 200-Day Average After CPI, Bank Earnings Ahead
US inflation continued its slide back towards earth, but the market struggled to muster a clear ‘risk appetite’ response. Whether the markets are starting to fully discount a steady CPI…
Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?
Gold prices roared higher after an in-line US CPI report sank the US Dollar and Treasury yields. XAU/USD broke higher, restoring momentum. Where to from here?
USDJPY, GBPJPY, AUDJPY Drop as Japanese Yields Swell
In the rush of volatility surrounding the US CPI build up and impact, the headline that the majors’ most dovish central bank – the Bank of Japan – could be…