EUR/USD Back Below 1.1000 as the US Dollar Picks up an Early Bid

US Treasury yields open the session near a two week high, giving the greenback an early boost. EUR/USD is back below 1.1000 but for how long?

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Gold Price Forecast: XAU/USD Reacts to Real Yield Sensitivity

Gold prices are bid as real yields are suppressed pushing XAU/USD above the $2000 handle in early European trade.

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Markets Week Ahead: S&P 500, Gold, US Dollar, Global Inflation Data, US Earnings Season

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. Key focus is now on Euro area, UK, Japan, Canada, and New Zealand inflation data in the coming week as the US earnings picks up steam.

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Gold (XAU/USD) Within Touching Distance of a New All-Time High

The precious metal is within $30 of making a new all-time high as buyers continue to dominate price action. US data out later may fuel the next leg higher.

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Australian Dollar Flies High with Kiwi on Sinking US Dollar. Where to for AUD/USD?

The Australian Dollar hit the after-burners overnight, stretching to a 7-week peak following soft US inflation data that also boosted the New Zealand Dollar. Where does that leave AUD/NZD?

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US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar

Traders continued punishing the US Dollar amid a lack of reason for safety as the Dow Jones, S&P 500 and Nasdaq 100 soared on Thursday. Will DXY confirm its worst week since early January?

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S&P 500 Soars as Falling Inflation Boosts Fed Pause Hopes, Bank Earnings in Focus

The S&P 500 rallied and closed at its best level since mid-February, boosted by weaker-than-expected U.S. inflation data. Market attention now shifts to the first-quarter earnings season

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US Dollar in Freefall, USD/CAD Breaches Major Support, GBP/USD on Brink of Breakout

The U.S. dollar weakens across the board on Thursday, paving the way for USD/CAD to breach key trendline support and pushing GBP/USD to the brink of a bullish breakout.

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Oil Price Update: OPEC Flags Downside Risks to US Summer Demand

OPEC’s monthly report for March highlighted the possibility of a subdued rise in US oil demand ahead of the summer driving season as part of the decision to cut supply

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US Dollar Price Forecast: US Jobless Claims and PPI May add to USD Weakness

The dollar continued its longer-term selloff after yesterday’s headline CPI data registered a massive drop. PPI inflation & weekly jobs data threaten further USD declines

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British Pound Latest – GBP/USD Moves Higher on Mixed GDP Data, US Dollar Weakness

The UK economy stood still in February, according to the latest UK GDP data, hampered by industrial action in some parts of the services sector.

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Gold Price Eyes New Highs as US Dollar Wilts on Soft CPI. Will XAU/USD Rally?

The gold price scoped new highs after the US Dollar descended in the wake of CPI printing below forecasts and Fed meeting minutes revealing a tapering of sorts. Where to for XAU/USD?

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Australian Dollar Boosted by Solid Jobs Data and Weaker USD. Where to for AUD/USD?

The Australian Dollar moved higher after better-than-forecast employment data today. It comes with the US Dollar undermined by soft CPI data and Fed meeting minutes. Higher AUD/USD?

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US Dollar Extends Losses as Fed Minutes Flag Recession Risks amid Banking Sector Turmoil

Minutes from the Fed's March meeting indicate that the banking sector turmoil that erupted last month could lead to tighter lending standards and pave the way for a recession later this year.

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Bank of Canada Holds Rates Steady & Sticks to Data Dependency, USD/CAD Slides

At the conclusion of its April monetary policy meeting, the Bank of Canada decided to maintain its policy rate at 4.50%, with a commitment to remain data dependent.

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Gold Price Forecast: Key Confluence Area in Sight Ahead of US CPI Data

Spot Gold eyes fresh highs as it reclaimed the psychological $2000 mark yesterday. Make or Break time for the precious metal?

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British Pound (GBP/USD) Forecast Led by US CPI, FOMC Minutes and Gov Bailey

GBP/USD price outlook is in for a volatile afternoon today with key US economic data and the BOE’s Governor Bailey scheduled to speak.

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US Dollar Gives up Ground Ahead of CPI Data and Japanese Yen Also Slips

The US Dollar softened today as the market awaits the latest US inflation gauge due out later today. There is potential for significant market impact from the data. Where to for USD/JPY?

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Crude Oil Price Finds Comfort Ahead of a Potential Breakout. Where to for WTI?

Crude oil prices have become ensconced in the elevated levels achieved by OPEC+ output target cuts while underlying market structures appear to be supportive for now. Will WTI go higher?

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IMF Warns of Global Economic Slowdown, Core Inflation to Decline Slowly

The latest IMF World Economic Outlook – A Rocky Recovery – sees global output falling in 2023 with advanced economies hit the hardest.

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