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US CPI hits 40yr high, USD dip to be transitory amid FOMC next week

Silver is running lower into a big area of support running back well over a year; levels, lines, and scenarios to watch in the days ahead.

Chinese Authorities Take Action to Curb Yuan Strength

Gold continues to trade in a tight range and sits just above an important support level ahead of the latest look at runaway US inflation

The October GDP miss is mainly attributed to weakness in manufacturing, construction and industrial sectors with total GDP now just 0.5% off pre-pandemic levels

The British Pound continues to weaken against the US Dollar, but the market appears comfortable with that for now. Will Sterling continue to slide, or will it find a base?

Gold prices are nervously awaiting US CPI, where the fastest inflation in almost 40 years could boost hawkish Fed policy bets. This may send XAU/USD towards September lows.

NZD/USD may aim higher as prices attempt to break channel resistance. Meanwhile, Chinese equities may be positioned to outperform following a move by the PBOC to cut Yuan strength.

Gold prices are losing ground ahead of what should be the highest US inflation reading in decades.

AUD/USD may stage a larger recovery over the coming days as it clears the opening range for December ahead of the update to the US Consumer Price Index (CPI).