Gold prices are eyeing the best week since the beginning of April after shockingly disappointing US ISM prices paid data brought back Fed rate cut bets. Is the technical setup matching momentum?

EUR/USD regains poise after bouncing off technical support near the 1.0640/1.0600 area. Meanwhile, USD/JPY extends its correction as USD/CAD carves out a bearish double-top formation.

Consensus around Friday’s NFP report has payroll growth to decline to 190K in May, while markets grapple with recent leading indicator data.

Comments by prominent Fed members cause a wild swing in future rate expectations, sending the dollar lower. Silver appears to be trading higher off key support

Weak factory activity data and rapidly falling prices paid by manufacturers in May could strengthen the case for the Fed to hold rates steady at its meeting this month, a move that could weigh on the U.S. dollar.

Short-dated US bond yields can’t make their mind up if they are going lower or not, and this is leaving gold traders at risk of increased volatility.

Fed Governors came out and signaled their preference for a “skip” at the next FOMC meeting, sending the dollar lower. NFP up next as the major event risk ahead

The Dow and CAC40 have rallied off their Wednesday lows, while the Nasdaq 100 has moved lower after its fourteen-month high earlier in the week

Euro Area inflation fell across the board in May with both the core and YoY print beating forecasts. Despite the positive data, it is unlikely to deter the ECB from hiking rates at its upcoming meeting.

AUD/USD remains hesitant as US factors and local Australian influences battle for supremacy.