The Australian Dollar looks primed for volatility. An expectant mood ahead of the upcoming RBA policy update may compound sensitivity to seesawing risk appetite trends.
The UK Government’s £15 billion support for lower income households bolsters the Bank of England’s rate hike path as it endeavors to reign in inflation
The US Dollar just printed its first bearish monthly bar of 2022 trade. Non-farm Payrolls is released on Friday and the Fed is waiting in the wings for their rate decision in two weeks.
US employers added 390,000 payrolls in May, versus expectations for a gain of 325,000 jobs, signaling that the labor market continues to tighten despite the Fed’s efforts to cool the economy.
The ECB’s governing council is due to meet next week as inflation reached a 40-year high and German PMI data continues to trend lower. EUR/USD key levels assessed
Spot gold opened lower this morning as markets anticipate the upcoming NFP release. XAU/USD trades above $1850 for now but could flip dependent on U.S. data later today.
Crude oil prices may extend gains from the OPEC+ meeting and EIA inventory data if US non-farm payrolls data disappoints and boosts the S&P 500. Will WTI breach key resistance?
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