Gold, Silver Price Outlook: Precious Metals Seek Directional Cue
Gold and silver have pulled back from their respective highs, looking for the next catalyst. With risk sentiment improving, precious metals may find support from a softer USD
Crude Oil Prices Retrace Some Losses Despite US Demand Doubts
US crude inventories fell, but much of this was down to oil exports rather than strong local demand.
US Q1 GDP Misses Forecasts, PCE Beats Estimates, US Dollar Moves Higher
The US economy expanded by 1.6% q/q in the first three months of the year, missing estimates of 2.5% and down from 3.4% in Q4 2023. US dollar firms after PCE figures nudge higher.
Yield Curve Inversion and its Economic Implications
Yield curve inversion has historically been associated with economic slowdowns and recessions in the US.
USD/JPY Breaches ‘Line in the Sand’ Ahead of BoJ Meeting
The yen continues to depreciate, adding pressure to Japanese authorities to respond. Will recent wage growth and yen weakness bring the inflation target within reach?
Euro Outlook – EUR/USD and EUR/GBP Technical Analysis and Sentiment Latest
The Euro has been buffeted over the last few sessions against the US dollar, while EUR/GBP has jumped on recent Sterling weakness.
AUD Rises as Aussie Inflation Exceeds Expectations, Erasing Rate Cut Hopes
Australian inflation dropped at a slower pace than anticipated, wiping out any lingering indication of rate cuts this year. Improved risk sentiment supports AUD
Japanese Yen Lower Again, USDJPY Market Weighs Intervention Chances
With the Yen at multi-decade lows, and commentary out of Tokyo suggesting enough is nearly enough, this is not a market to look away from now.
Risk Sentiment Remains Positive: Gold, VIX, Tesla Latest Outlooks
Financial markets remain risk-on as positive sentiment continues to push prices higher.
US Dollar Rattled by Weak PMIs, US GDP and Core PCE Remain this Week’s Key Drivers
The dollar slipped in early US turnover as the latest S&P PMIs miss forecasts and last month’s numbers. Growth and inflation data and US Treasury auctions now on the horizon.