US Dollar Weakens After Monthly Inflation Cools, Gold Gains Momentum

US dollar eases, and gold attracts a bid as monthly Core PCE Inflation misses expectations.


https://www.dailyfx.com/news/us-dollar-weakens-after-monthly-inflation-cools-gold-gains-momentum-20240531.html?utm_source=dlvr.it&utm_medium=blogger

USD/JPY Stuck Around 157.00 Ahead of US Inflation Data

Price pressures in Japan are increasing, according to inflation data released today, an encouraging sign for the Bank of Japan as they look to start normalizing policy.


https://www.dailyfx.com/news/usd-jpy-stuck-around-157-00-ahead-of-us-inflation-data-20240531.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat

This article investigates a bearish trade idea for gold, identifying an important technical support zone that, if broken, could herald a more substantial downward correction.


https://www.dailyfx.com/news/xau-usd-gold-price-forecast-bearish-continuation-in-play-with-key-support-under-threat-20240601.html?utm_source=dlvr.it&utm_medium=blogger

US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC

Uncertainty about the path of interest rates continues to dominate a market not short of likely positives elsewhere


https://www.dailyfx.com/news/us-crude-oil-prices-return-more-gains-as-market-looks-to-inventories-opec-20240530.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3%

The second look at US Q1 GDP showed the US economy expanding by 1.3%, inline with market expectations.


https://www.dailyfx.com/news/us-dollar-index-edges-lower-us-q1-gdp-second-estimates-prints-at-1-3-20240530.html?utm_source=dlvr.it&utm_medium=blogger

Gold (XAU/USD) Eyes Support, US GDP and Core PCE on the Horizon

The recent push higher in global bond yields is weighing on the precious metal as two key US economic data releases near.


https://www.dailyfx.com/news/gold-xau-usd-eyes-support-us-gdp-and-core-pce-on-the-horizon-20240530.html?utm_source=dlvr.it&utm_medium=blogger

EUR/USD Latest – ECB Set to Cut Rates Next Week Despite Rising German Inflation

German inflation grew on an annualised basis, data released today showed, but the market still believes that the ECB will start cutting interest rates next week


https://www.dailyfx.com/news/eur-usd-latest-ecb-set-to-cut-rates-next-week-despite-rising-german-inflation-20240529.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Edges Up Vs USD, Market Looks To US PCE Numbers As Next Big Clue

GBP/USD managed to hold up on Wednesday in Europe despite a sparse data sheet. Still, it’s looking less comfy at the highs


https://www.dailyfx.com/news/british-pound-edges-up-vs-usd-market-looks-to-us-pce-numbers-as-next-big-clue-20240529.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100, DAX 40 and S&P 500 look to be short-term under pressure

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid ‘US rates higher for longer’ spiel.


https://www.dailyfx.com/news/ftse-100-dax-40-and-s-p-500-look-to-be-short-term-under-pressure-20240529.html?utm_source=dlvr.it&utm_medium=blogger

Market Latest – Nvidia (NVDA) Surge Helps the Nasdaq 100 Post a Fresh Record High

AI mega-stock Nvidia leapt by 7% in US trade, helping push the Nasdaq 100 to a fresh record closing high. The US dollar remains subdued ahead of Friday’s US inflation release.


https://www.dailyfx.com/news/market-latest-nvidia-nvda-surge-helps-the-nasdaq-100-post-a-fresh-record-high-20240529.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Latest Forecasts – USD/JPY, GBP/JPY and EUR/JPY

USD/JPY has slipped back below 157.00, while GBP/JPY is touching the 200 level again, as the US dollar and Sterling take different paths


https://www.dailyfx.com/news/japanese-yen-latest-forecasts-usd-jpy-gbp-jpy-and-eur-jpy-20240528.html?utm_source=dlvr.it&utm_medium=blogger

Australian Dollar Holds Up Against USD Despite Tepid Retail Sales Data

The Aussie benefitted from a broadly weaker Dollar after the US Holiday which let it gains despite a data miss


https://www.dailyfx.com/news/australian-dollar-holds-up-against-usd-despite-tepid-retail-sales-data-20240528.html?utm_source=dlvr.it&utm_medium=blogger

Gold Consolidates, Silver Continues to Outperform, US Inflation Data Key

Gold and silver are both treading water at the start of a holiday-shortened week with Friday’s US inflation report (PCE) the key economic release of note.


https://www.dailyfx.com/news/gold-consolidates-silver-continues-to-outperform-us-inflation-data-key-20240528.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: Gold, EUR/USD, GBP/USD, USD/JPY; Eurozone Inflation, US Core PCE

The new week will kick off in a calmly and quiet manner, with US and UK markets closed on Monday. The economic calendar, however, will heat up heading into the weekend with the release of Eurozone inflation and US core PCE data, two critical reports for policymakers that could unleash greater volatility.


https://www.dailyfx.com/news/forex-markets-week-ahead-gold-eur-usd-usd-jpy-eurozone-inflation-us-core-pce-20240526.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Bearish Bias in Place for Now but Core PCE Data Holds Key

This article delves into the fundamental and technical outlook for gold, with a specific focus on analyzing price action dynamics and potential scenarios post the release of U.S. PCE data later this week.


https://www.dailyfx.com/news/xau-usd-gold-price-forecast-bearish-bias-in-place-for-now-but-core-pce-data-holds-key-20240525.html?utm_source=dlvr.it&utm_medium=blogger

BoJ Faces Dilemma: Hiking Rates into Economic Weakness as Inflation Path Wavers

A worsening economic backdrop, declining consumer spending and a lack of progress in the desired wage-price spiral hampers the BoJ amid future rate hikes


https://www.dailyfx.com/news/boj-faces-dilemma-hiking-rates-into-economic-weakness-as-inflation-path-wavers-20240524.html?utm_source=dlvr.it&utm_medium=blogger

Gold Prices Sink, Support Breakdown Heralds More Weakness; XAU/USD Key Levels

This article explores gold’s technical and fundamental outlook, discussing potential scenarios that could play out over the coming days and weeks.


https://www.dailyfx.com/news/gold-prices-sink-support-breakdown-heralds-more-weakness-xau-usd-key-levels-20240524.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Sentiment Analysis & Outlook – USD/JPY, EUR/JPY, GBP/JPY

This article explores retail sentiment on the Japanese yen through an analysis of USD/JPY, EUR/JPY, and GBP/JPY. Moreover, we consider potential near-term scenarios based on market positioning and contrarian signals.


https://www.dailyfx.com/news/forex-japanese-yen-sentiment-analysis-outlook-usd-jpy-eur-jpy-gbp-jpy-20240523.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Outlook: XAU/USD Turns on Hawkish Fed, Stronger USD and Yields

Gold loses it shine after a Hawkish Fed and firmer USD Pressure XAU/USD. The precious metal is set for its worst week since December, as bulls waver. Will PCE data extend the slide?


https://www.dailyfx.com/news/gold-price-outlook-xau-usd-turns-on-hawkish-fed-stronger-usd-and-yields-20240523.html?utm_source=dlvr.it&utm_medium=blogger

US Crude Oil Bounces Back But Looks Rangebound Before OPEC’s June Meet

Crude prices have been much more in thrall to the monetary policy outlook than either gas or metals


https://www.dailyfx.com/news/us-crude-oil-bounces-back-but-looks-rangebound-before-opec-s-june-meet-20240523.html?utm_source=dlvr.it&utm_medium=blogger

Gold, EUR/USD, USD/JPY – Price Action Analysis & Technical Outlook

This piece delves into the technical outlook for gold, EUR/USD and USD/JPY, analyzing their price behavior and market sentiment to forecast their near-term trajectories.


https://www.dailyfx.com/news/xau-usd-gold-eur-usd-usd-jpy-price-action-analysis-technical-outlook-20240522.html?utm_source=dlvr.it&utm_medium=blogger

Euro Price Outlook: Euro Heads Lower as ECB June Meeting Nears

The euro failed to mount a significant challenge when coming under pressure in what has been a quiet week this far. German manufacturing PMI appears unlikely to change that


https://www.dailyfx.com/news/euro-price-outlook-euro-heads-lower-as-ecb-june-meeting-nears-20240522.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Slips Vs USD Again as Data Show Trade Gap Yawned in April

The Japanese currency remains pressured by its still-low interest rates and the USD/JPY uptrend is entrenched


https://www.dailyfx.com/news/japanese-yen-slips-vs-usd-again-as-data-show-trade-gap-yawned-in-april-20240522.html?utm_source=dlvr.it&utm_medium=blogger

UK Inflation Proves Too Hot to Handle in April, Unravelling Rate Cut Bets

UK April CPI came in a lot hotter than expected, specifically services inflation which carries huge importance for the Bank of England. Rate cuts paired back massively, GBP bid


https://www.dailyfx.com/news/uk-inflation-proves-too-hot-to-handle-in-april-unravelling-rate-cut-bets-20240522.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Holds Near Two-Month Peaks Vs USD As Attention Grabbing CPI Looms

Sterling may not move far until Tuesday, when some weakness in domestic inflation is expected to be seen


https://www.dailyfx.com/news/british-pound-holds-near-two-month-peaks-vs-usd-as-attention-grabbing-cpi-looms-20240521.html?utm_source=dlvr.it&utm_medium=blogger

Nvidia's Q1 Earnings: Record Results Driven by AI Chip Dominance?

Will NVIDIA’s Q1 earnings report propel the stock to another all-time high or even reach a four-digit price tag for the first time?


https://www.dailyfx.com/news/nvidia-s-q1-earnings-record-results-driven-by-ai-chip-dominance-20240520.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Outlook: Precious Metals Pullback from Intra-Day Highs

Gold achieved another all-time high as silver surpassed highs not seen since 2013. The precious metals eased thereafter as Fed officials distance themselves from rate cuts


https://www.dailyfx.com/news/gold-price-outlook-precious-metals-pullback-from-intra-day-highs-20240520.html?utm_source=dlvr.it&utm_medium=blogger

Euro Struggles With $1.09 Cap But Finds Support in Risk Appetite

The week has got off to a subdued start for EUR/USD, with the Dollar likely to set the trading pace


https://www.dailyfx.com/news/euro-struggles-with-1-09-cap-but-finds-support-in-risk-appetite-20240520.html?utm_source=dlvr.it&utm_medium=blogger

Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ

AUD/USD bullish potential remains, and AUD/NZD bounces off a zone of support ahead of the Reserve Bank of New Zealand’s rate announcement and RBA minutes


https://www.dailyfx.com/news/aussie-kiwi-dollar-outlook-aud-nzd-price-setups-ahead-of-the-rbnz-20240520.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: Gold in Record Zone as EUR/USD, GBP/USD & Silver Break Out

The U.S. economic calendar will be relatively quiet in the coming week, allowing recent market movements to potentially consolidate. Meanwhile, the release of April inflation data in the UK could introduce increased volatility to UK assets.


https://www.dailyfx.com/news/markets-week-ahead-gold-in-record-zone-eur-usd-gbp-usd-silver-break-out-20240519.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Forecast: Quiet Week May Signal Deeper Slide Ahead - EUR/USD, GBP/USD

The article examines the short-term outlook for the U.S. dollar, honing in on two key FX pairs: EUR/USD and GBP/USD. The piece also provides analysis on recent price action dynamics and fundamental drivers.


https://www.dailyfx.com/news/forex-usd-dollar-forecast-quiet-week-may-signal-deeper-slide-ahead-eur-usd-gbp-usd-20240519.html?utm_source=dlvr.it&utm_medium=blogger

USD, Nasdaq and Yields – How are Major Markets Positioned Ahead of US CPI?

US CPI is expected to take a step back, something the Fed has been searching for all year after multiple stubborn prints dented the committee’s confidence in taming prices


https://www.dailyfx.com/news/usd-nasdaq-and-yields-how-are-major-markets-positioned-ahead-of-us-cpi-20240515.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Gives Back Some Gains As Market Looks To The Bank of England

UK rate-setters are expected to leave things alone this month, but perhaps not for very much longer


https://www.dailyfx.com/news/british-pound-gives-back-some-gains-as-market-looks-to-the-bank-of-england-20240507.html?utm_source=dlvr.it&utm_medium=blogger

Gold Boosted by Renewed US Rate Cut Hopes, Israel-Iran Ceasefire Talks Continue

Last Friday’s weaker-than-expected NFPs gave gold a boost on renewed US rate cut expectations. Further gains may depend on the outcome of ongoing Israel-Iran peace talks.


https://www.dailyfx.com/news/gold-boosted-by-renewed-us-rate-cut-hopes-israel-iran-ceasefire-talks-continue-20240507.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Forecast: Bears Mobilizing for Their Next Offensive? – EUR/USD, GBP/USD

This article examines the outlook for the U.S. dollar, with a specific focus on two prominent currency pairs: EUR/USD and GBP/USD. Additionally, the piece analyzes fundamental factors that could influence the market trajectory in the near term.


https://www.dailyfx.com/news/forex-usd-dollar-forecast-bears-mobilizing-for-their-next-offensive-eur-usd-gbp-usd-20240506.html?utm_source=dlvr.it&utm_medium=blogger

Markets Week Ahead: Markets Risk-On, BoE Decision, Gold, Nasdaq, Bitcoin

Risk markets regained all their early losses this week and continue to press higher. A benign FOMC and a weak US Jobs Report boosted markets going into the weekend.


https://www.dailyfx.com/news/markets-week-ahead-markets-risk-on-boe-decision-gold-nasdaq-bitcoin-20240505.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Forecast: Bearish Market Signals Emerge – Setups on EUR/USD, GBP/USD

This article takes a thorough look at the fundamental and technical outlook for the U.S. dollar, analyzing potential scenarios that could manifest in the short run. Especial attention is given to two key pairs: EUR/USD and GBP/USD.


https://www.dailyfx.com/news/forex-usd-dollar-forecast-bearish-market-signals-emerge-setups-on-eur-usd-gbp-usd-20240505.html?utm_source=dlvr.it&utm_medium=blogger

Gold Price Forecast: Bearish Correction May Extend Further Before Turnaround

This article explores the near-term fundamental and technical outlook for gold, analyzing possible scenarios taking into account current market dynamics and price action.


https://www.dailyfx.com/news/xau-usd-gold-price-forecast-bearish-correction-may-extend-further-before-turnaround-20240504.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar Slumps After NFPs Miss Expectations, US Equities Bid

The latest US Jobs Report showed just 175k new jobs created in April, missing expectations of 243K. The unemployment rate also ticked higher while wage growth remained subdued.


https://www.dailyfx.com/news/us-dollar-slumps-after-nfps-miss-expectations-us-equities-bid-20240503.html?utm_source=dlvr.it&utm_medium=blogger

Euro Gains Again As Risk Appetite Holds Up Into Key US Payroll Release

The Euro has shared in broad non-Dollar gains despite the prospect of ECB divergence from the Fed.


https://www.dailyfx.com/news/euro-gains-again-as-risk-appetite-holds-up-into-key-us-payroll-release-20240503.html?utm_source=dlvr.it&utm_medium=blogger

Market Update – Apple Soars, Gold Struggles, USD and VIX Slip, Sentiment Positive Ahead of NFPs

Risk markets are mildly positive ahead of the latest US Jobs Report (NFPs) after the 2nd largest company in the world, Apple, announced a record-breaking USD110 billion buyback program.


https://www.dailyfx.com/news/market-update-apple-soars-gold-struggles-usd-and-vix-slip-sentiment-positive-ahead-of-nfps-20240503.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar on Tenterhooks Ahead of US Jobs Data; Setups on GBP/USD, EUR/USD

This article provides an in-depth examination of the U.S. dollar's fundamental and technical outlook, considering various scenarios that could unfold after the April U.S. jobs report is released.


https://www.dailyfx.com/news/forex-usd-dollar-on-tenterhooks-ahead-of-us-jobs-data-setups-on-eur-usd-gbp-usd-20240502.html?utm_source=dlvr.it&utm_medium=blogger

Crude Oil Bounces As Market Eyes Strategic Reserve Top Up, US Payrolls

The Federal Reserve didn’t help oil bulls as its inflation-fretting has seen us rate-cut doubts grow


https://www.dailyfx.com/news/crude-oil-bounces-as-market-eyes-strategic-reserve-top-up-us-payrolls-20240502.html?utm_source=dlvr.it&utm_medium=blogger

Market Update – US Dollar, Gold, Japanese Yen on the Move, Apple Earnings and NFPs Next

Fed Chair Jerome Powell gave financial markets a slight dovish nudge last night, seemingly ruling out any US interest rate hikes. Yesterday’s weak JOLTs data put the spotlight on Friday’s NFP report.


https://www.dailyfx.com/news/market-update-us-dollar-gold-japanese-yen-on-the-move-apple-earnings-and-nfps-next-20240502.html?utm_source=dlvr.it&utm_medium=blogger

Fed Keeps Rates Steady, Grows Cautious on Inflation; Gold, USD, Yields Await Powell

The Federal Reserve held interest rates unchanged for the sixth consecutive meeting, in line with expectations. Powell may offer more clues about the policy outlook during his press conference.


https://www.dailyfx.com/news/fed-keeps-rates-grows-cautious-on-inflation-gold-us-dollar-yields-await-powell-20240501.html?utm_source=dlvr.it&utm_medium=blogger

Euro Latest Outlook – Bearish Technical Signal Halts EUR/USD Ahead of FOMC Decision

The Euro is struggling against the a resurgent US dollar as rate cut expectations between the two continue to widen. Today’s FOMC may underpin thoughts that the Fed is comfortable with rates staying higher for longer.


https://www.dailyfx.com/news/euro-latest-outlook-bearish-technical-signal-halts-eur-usd-ahead-of-fomc-decision-20240501.html?utm_source=dlvr.it&utm_medium=blogger

US Dollar, Yields Receive Bullish Boost Ahead of FOMC Meeting

Increased US employment costs over the last three months rose above the maximum estimate, lifting USD and adding to recent price pressures. Will the Fed respond?


https://www.dailyfx.com/news/us-dollar-yields-receive-bullish-boost-ahead-of-fomc-meeting-20240501.html?utm_source=dlvr.it&utm_medium=blogger

Fed Preview: Powell Could Fire Hawkish Warning Shot – Gold, S&P 500 Setups

This article offers an exclusive preview of the upcoming Fed monetary policy announcement scheduled for Wednesday. Furthermore, we examine the technical outlook for gold prices and the S&P 500.


https://www.dailyfx.com/news/fed-preview-powell-could-fire-hawkish-warning-shot-gold-s-p-500-setups-20240501.html?utm_source=dlvr.it&utm_medium=blogger

Oil Prices Drop after US Employment Data Lifts USD, FOMC Next

Oil prices dropped after the EIA revised total US oil demand (Feb) higher. A surprise in US employment costs also sparked a rise in USD, weighing on oil


https://www.dailyfx.com/news/oil-prices-drop-after-us-employment-data-lifts-usd-fomc-next-20240430.html?utm_source=dlvr.it&utm_medium=blogger

British Pound Down But Paring Losses Vs Dollar As Market Looks to Fed

Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam


https://www.dailyfx.com/news/british-pound-down-but-paring-losses-vs-dollar-as-market-looks-to-fed-20240430.html?utm_source=dlvr.it&utm_medium=blogger