Gold Holds Bid Before Powell, Bulls Try Channel Top
Gold prices remain around seven-month highs on hopes that the vast bulk of US interest rate hikes is now behind us.
Euro Latest – EUR/USD Testing Multi-Month Highs Again
The recent EUR/USD rally has seen the pair print a fresh multi-month high with US dollar sellers in charge of the move
Crude Oil Forecast: WTI Dictated by USD, Fed Chair Jerome Powell in Focus
WTI crude is trading at a key area of confluence ahead of Jerome Powell’s speech.
Japanese Yen at Crossroads as US Dollar Sinks on Fed Comments. Where to for USD/JPY?
The Japanese Yen has struggled to make headway against a US Dollar that slipped lower elsewhere amid a Federal Reserve re-iterating its high for longer rate path. Will USD/JPY go…
US Dollar Slides to New Lows after Fed Cites CPI as Key to Hikes. Where to for USD?
The US Dollar is weaker today after Fed speakers opined a less hawkish stance that will depend on this week’s CPI and China looks toward stimulus measures. Where to for…
Gold and Silver Price Forecast: Retail Traders Increase Short Bets as CPI Nears
Gold and silver prices remain focused higher ahead of CPI data later this week as retail traders continue building downside exposure. What are key levels to watch?
Dow and S&P 500 Breakout Collapses But Dollar Holds Onto Losses with Powell Ahead
At the open for trade this week, it seemed that the US indices would extend Friday’s rally to notch further technical breakouts; but conviction evaporated and we were left with…
USDCAD Breaks Lower as Rate Forecasts Shift Out of Fed’s Favor
The US Dollar has taken a hit over the last 48 hours of active trading. For USDCAD, the technical break looks productive; but it is the fundamental backdrop that will…
S&P 500, Nasdaq Extend Gains While Inflation Expectations Ease
US equity futures have extended gains while US inflation expectations declined. With S&P 500 and Nasdaq futures clearing resistance, USD remains strained ahead of US CPI.
US Dollar Sinks to Support After PMIs: CPI Data Ahead
The US Dollar is moving down to a fresh low, fast approaching a spot of confluent support around the 103 handle on DXY.