XAU/USD aims to extend rally above $1,920 as Fed to ease policy tightening pace
Gold price is looking to extend gains above $1,920.00 decisively amid weakness in the US Dollar Index (DXY). The Fed is expected to scale down the policy tightening pace amid declining inflation. S&P500 recorded a four-day winning streak, portraying a risk-on market mood. Gold price (XAU/USD) has turned sideways after a juggernaut rally to near […]
Stalled its rally at the 100-DMA, dropped beneath 1.3400
USD/CAD finished Friday’s session with gains, though it faltered to clear 1.3400. USD/CAD Price Analysis: Exposed to selling pressure below 1.3400. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is up 0.22%. After the University of Michigan (UoM) Consumer Sentiment release showed […]
EUR/USD prints fresh bull cycle highs, on course for 5-day rally
EUR/USD bulls take on fresh bull cycle highs but bears are lurking. US CPI weakened the outlook for the US Dollar but a cohort of Fed speakers remain hawkish. Breakout traders could be feeling the heat of a sizeable correction in the coming sessions. EUR/USD has popped to a fresh bull high following the day’s Consumer […]
S&P 500 Post CPI Rally Muted by Technical Resistance
S&P 500 Post CPI Outlook: 4000 Technical Support and Resistance Firms Ahead of Earnings SPX 500 retests 4021 but bears retaliate driving prices back below 4000. US equity futures mixed after US CPI prints in-line with expectations. Inflation pressures ease but robust labor market could give the Fed more ammunition to hold rates higher for […]
Crude Oil Posts Biggest Rally Since November 4 with CPI Volatility Ahead
US Oil, Interest Rates and Recession Talking Points: The Market Perspective: WTI Oil Range Between 80 and 70; Oil Bearish Below 70 WTI crude oil has worked its way back into a technical situation between a prevailing bear trend from June and uneven technical support between 70 and 72 The upcoming CPI release will likely […]
XAU/USD to extend its rally on slowing inflation – Commerzbank
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thursday and could lend further tailwind to the yellow metal, economists at Commerzbank report. Inflation rate to have fallen from 7.1% to 6.5% “US inflation data could lend further […]
Gold Price Steady After US Dollar Pummelling. Will XAU/USD Rally Again?
Gold, XAU/USD, US Dollar, Jobs, Fed, Crude Oil, USD/JPY – Talking Points Gold found some support today after wilting overnight The US Dollar resumed strengthening yesterday after solid data If the markets understand the Fed correctly, will that drive XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast The gold price took a beating […]
Is gold primed for a rally on expectations of central banks easing cycle in 2023?
Major European currencies ceded ground to dollar on Tuesday, EURUSD broke down 1.06 and GBPUSD 1.20 level. The start of European session saw major sell-off both in EUR and GBP:Positive December price data from Germany failed to offset selling pressure in Euro, despite significant pullback in the rate of consumer price growth – from 10% […]