Gold Price Forecast: Gold Rangebound on Rates and Inflation Tug Of War
Gold on course for first weekly drop in a month. However, range trading is likely to persist.
Gold on course for first weekly drop in a month. However, range trading is likely to persist.
The US Dollar is coming off a busy week of FOMC-filled action, but the economic docket remains full of event risks. Mr. Powell’s testimony is among the most important.
The pound has fought back this week but continues to be overshadowed by a robust dollar, while upcoming economic releases should maintain current GBP/USD volatility.
Equity indices post moderate gains after a bruising week influenced by aggressive rate hikes.
The New Zealand Dollar rallied overnight against the Dollar following the FOMC decision. However, a downbeat GDP print out of New Zealand may see the rally fade.
Contractionary monetary policy is utilized by central banks to reign in an overheating economy and surging inflation. Find out what tools are used and how they work
Mounting recession fears and hawkish monetary policy remain prominent drivers of price action as Bitcoin and Ethereum test key technical levels.
China steps up control over Australia’s top export. Lower AUD/CHF has further to run
The euro received some support after eurozone CPI showed no relief for the region but helped push EUR/USD above 1.05 as we look ahead to U.S. data later today.
BoJ concerned by sharp FX moves but not enough to alter monetary policy. The yen appears even more susceptible in the wake of widening interest rate differentials