Gold Prices Retreat as Yields Rise, US Inflation and Powell Speech in Focus
Gold prices fell as the US Dollar and Treasury yields gained. The emerging Delta variant and China’s RRR cut hinted at slowing growth momentum and the need for further stimulus.
US Dollar Outlook: Delta Covid Cases Inducing Risk Aversion. THB, PHP, IDR Wobble
The US Dollar may extend gains against ASEAN currencies like the Thai Baht, Philippine Peso and Indonesian Rupiah amid surging Covid cases amid the Delta variant. US CPI is also eyed.
US Dollar Outlook: Delta Covid Cases Inducing Risk Aversion. THB, PHP, IDR Wobble
The US Dollar may extend gains against ASEAN currencies like the Thai Baht, Philippine Peso and Indonesian Rupiah amid surging Covid cases amid the Delta variant. US CPI is also eyed.
S&P 500 Hits Fresh Record, Will China's RRR Cut Boost Hang Seng?
Wall Street stocks closed at record highs as investors shrugged off viral concerns and focused on the earnings season. The PBoC cut RRR by 50bps for all banks on Friday, surprising investors.
AUD/USD at Risk Amid Less-Dovish Fed, PBOC Normalization, Australia-China Tensions: Q3 Top Trading Opportunities
The Australian Dollar may struggle in the third quarter amid a combination of a less-dovish Federal Reserve and potentially consequential knock-on economic impacts from China.
New Zealand Dollar Forecast: NZD/USD Balancing Covid Risks as RBNZ Approaches
The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.
Markets Week Ahead: USD/JPY, Euro, Dow, Oil, BoC, RBNZ, Inflation, Earnings
Markets experienced some turbulence last week as freefalling bond yields concerned investors and fueled an unwind of the reflation trade. Will volatility continue in the week ahead?
S&P 500 and FTSE 100 Forecasts for the Week Ahead
Fresh record highs for the S&P 500 as falling bond yields prompt growth stocks to outperform. FTSE 100 consolidates.
Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices
Gold prices may have some short-term upside potential, supported by depressed real yields in the U.S., concerns about the Covid-19 delta variant and China's slowing economy.
Canadian Dollar Forecast: USD/CAD, CAD/JPY Due for Volatility
Canadian Dollar price action looks ripe for volatility this coming week with USD/CAD and CAD/JPY hinging on event risk posed by the BoC rate decision, BoJ update, US inflation data, and OPEC+ talks.