Gold Price Forecast: Bears Take Out Key Support, Next Leg Lower May Be Underway
This article solely discusses gold’s near-term technical outlook, analyzing market sentiment and price action dynamics. Potential scenarios that could play out over the coming days are also scrutinized.
US Dollar Weakens After Monthly Inflation Cools, Gold Gains Momentum
US dollar eases, and gold attracts a bid as monthly Core PCE Inflation misses expectations.
USD/JPY Stuck Around 157.00 Ahead of US Inflation Data
Price pressures in Japan are increasing, according to inflation data released today, an encouraging sign for the Bank of Japan as they look to start normalizing policy.
Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat
This article investigates a bearish trade idea for gold, identifying an important technical support zone that, if broken, could herald a more substantial downward correction.
US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC
Uncertainty about the path of interest rates continues to dominate a market not short of likely positives elsewhere
US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3%
The second look at US Q1 GDP showed the US economy expanding by 1.3%, inline with market expectations.
Gold (XAU/USD) Eyes Support, US GDP and Core PCE on the Horizon
The recent push higher in global bond yields is weighing on the precious metal as two key US economic data releases near.
EUR/USD Latest – ECB Set to Cut Rates Next Week Despite Rising German Inflation
German inflation grew on an annualised basis, data released today showed, but the market still believes that the ECB will start cutting interest rates next week
British Pound Edges Up Vs USD, Market Looks To US PCE Numbers As Next Big Clue
GBP/USD managed to hold up on Wednesday in Europe despite a sparse data sheet. Still, it’s looking less comfy at the highs
FTSE 100, DAX 40 and S&P 500 look to be short-term under pressure
Outlook on FTSE 100, DAX 40 and S&P 500 amid ‘US rates higher for longer’ spiel.