Market Latest – Nvidia (NVDA) Surge Helps the Nasdaq 100 Post a Fresh Record High
AI mega-stock Nvidia leapt by 7% in US trade, helping push the Nasdaq 100 to a fresh record closing high. The US dollar remains subdued ahead of Friday’s US inflation release.
Japanese Yen Latest Forecasts – USD/JPY, GBP/JPY and EUR/JPY
USD/JPY has slipped back below 157.00, while GBP/JPY is touching the 200 level again, as the US dollar and Sterling take different paths
Australian Dollar Holds Up Against USD Despite Tepid Retail Sales Data
The Aussie benefitted from a broadly weaker Dollar after the US Holiday which let it gains despite a data miss
Gold Consolidates, Silver Continues to Outperform, US Inflation Data Key
Gold and silver are both treading water at the start of a holiday-shortened week with Friday’s US inflation report (PCE) the key economic release of note.
Markets Week Ahead: Gold, EUR/USD, GBP/USD, USD/JPY; Eurozone Inflation, US Core PCE
The new week will kick off in a calmly and quiet manner, with US and UK markets closed on Monday. The economic calendar, however, will heat up heading into the weekend with the release of Eurozone inflation and US core PCE data, two critical reports for policymakers that could unleash greater volatility.
Gold Price Forecast: Bearish Bias in Place for Now but Core PCE Data Holds Key
This article delves into the fundamental and technical outlook for gold, with a specific focus on analyzing price action dynamics and potential scenarios post the release of U.S. PCE data later this week.
BoJ Faces Dilemma: Hiking Rates into Economic Weakness as Inflation Path Wavers
A worsening economic backdrop, declining consumer spending and a lack of progress in the desired wage-price spiral hampers the BoJ amid further rate hikes
Gold Prices Sink, Support Breakdown Heralds More Weakness; XAU/USD Key Levels
This article explores gold’s technical and fundamental outlook, discussing potential scenarios that could play out over the coming days and weeks.
Gold Price Outlook: XAU/USD Turns on Hawkish Fed, Stronger USD and Yields
Gold loses it shine after a Hawkish Fed and firmer USD Pressure XAU/USD. The precious metal is set for its worst week since December, as bulls waver. Will PCE data extend the slide?
US Crude Oil Bounces Back But Looks Rangebound Before OPEC’s June Meet
Crude prices have been much more in thrall to the monetary policy outlook than either gas or metals