Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High
Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will Fed hawks stymie...
EUR/USD Forecast: Euro Traders Remain Cautious Ahead of German CPI
Euro wavers as traders await upcoming inflationary data, while an established short-term directional bias on EUR/USD could present itself post announcements.
Weekly Fundamental US Dollar Forecast: Inflation Fears Linger; May US NFP Due Friday
The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.
Euro Forecast: EUR/USD Price Outlook Positive, Well Placed For More Gains
EUR/USD remains in an uptrend and is in a good position to reach the 1.23 level and then new highs for the year to date as the Eurozone economy improves and coronavirus cases drop.
Gold Price Outlook: XAU/USD Advance at Critical Juncture
Gold prices continue to surge as treasury yields, real yields and the US dollar dip but the ‘oversold’ metal remains vulnerable to a potential slow-down.
GBP/USD Weekly Forecast: BoE Hawks vs UK Reopening Concerns
GBP/USD on the front foot to close the week. Bulls aim for YTD peak, while EUR/GBP range is maintained.
Crude Oil Prices Eye Key Chart Resistance with OPEC+ Meeting in Focus
Crude oil prices are hovering near a key chart resistance as traders await an OPEC+ meeting scheduled on June 1st. Iranian sanctions remain a wildcard as nuclear talks may cloud the supply outlook.
Gold Prices Hit Four-Month High as US Dollar, Bond yields Retreat
Gold prices climbed to a four-month high as a weaker US Dollar and falling longer-dated Treasury yields bolstered the appeal of the yellow metal. ETF inflows decelerated last week.
Dow Jones, Hang Seng, ASX 200 Outlook: Chinese Manufacturing PMI in Focus
Wall Street stocks shrugged off higher-than-expected core PCE inflation data. The Russell 2000 retreated as AMC Entertainment pulled back. Asia-Pacific investors are eyeing Chinese PMI today.
Markets Week Ahead: Dow, Euro, Dollar, Oil, Bitcoin, RBA Decision, NFPs
Markets were rather uneventful last week with volatility cooling off as we head into the lull of summer, but event risk on the horizon looks plentiful. What's in store for the week ahead?