Gold prices fell on Thursday as hawkish Fedspeak and jobless claims data bolstered the US Dollar and Treasury yields. Is there more pain ahead for XAU/USD?
The US Dollar reclaimed the ascendency overnight after the Federal Reserve got its message across loud and clear and the markets believed them this time. Where to for USD/JPY?
The markets have downshifted this week with the lighter economic docket giving greater weight to the technical barriers that are prevalent across the benchmarks. Will the S&P 500 and Dollar be able to earn a break and traction before next week’s US CPI stirs the speculative waters again?
U.S. inflation expectations were little changed in January according to a New York Fed survey, but the data was largely ignored as traders await the latest CPI report to be released on Tuesday.
USD/TRY is heading back to January’s all-time high of 18.885 one week after the 7.8 magnitude earthquake ripped through the epicenter of the region.
The precious metal remains under downside pressure, despite flashing an oversold technical signal, as the latest look at US price pressures near.
EUR/USD failed to capitalize on upgraded growth forecasts by the European commission.
Yields on a range of US Treasuries are back to multi-week highs ahead of Tuesday’s US inflation report, testing the market’s risk appetite.
The GBP/USD price is showing signs of suspicion as markets keenly anticipate UK employment and US CPI tomorrow.
The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI.
Login with Google
Login with Facebook