British Pound May Extend Sharp Rise with Queen's Speech in Focus
The British Pound may continue to build higher after scoring the largest one-day rise in 14 months if the Queen’s Speech encourages BOE stimulus withdrawal bets.
Gold Price Outlook Turns to Fed Speak After Consumer Inflation Expectations Jitter
Gold prices gave up gains as the Fed’s consumer inflation expectations survey unnerved financial markets. Will the central bank’s commentary rekindle XAU/USD’s momentum ahead?
Crude Oil Price Eyes EIA Report as Pipeline Shutdown, India Fog Outlook
Crude oil prices are moving slightly lower as a major supply shock in the United States continues. Meanwhile, crude oil is forming an Ascending Wedge, potentially threatening recent gains.
Nasdaq 100 Tumbles on Inflation Fears, Nikkei 225 and ASX 200 May Fall
The Nasdaq 100 index tumbled on Monday as rising inflation concerns catalyzed profit-taking activity among the tech stocks. Asia-Pacific markets may follow a sour US lead lower.
AUD/USD Eyes Chinese Inflation Amid Iron Ore Strength, US Dollar Fragility
AUD/USD is slightly weaker but remains near multi-month highs as the currency pair eyes Chinese inflation data amid surging iron ore prices and a weak US Dollar.
Gold Forecast: Gold Volatility Surging as Real Yields Tumble
Gold price volatility is heating up as outlook for the precious metal improves. This has largely mirrored lower real yields - the difference between nominal interest rates and inflation expectations.
Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
Bitcoin is at risk of a larger downturn after breaking beneath support to start the week. As a result, bulls may seek out secondary support from psychological levels and recent lows alike.
USD/JPY Pares Post-NFP Decline as US Treasury Yields Recover
USD/JPY attempts to retrace the bearish reaction to the US Non-Farm Payrolls (NFP) report amid the rebound in longer-dated US Treasury yields.
FX Week Ahead - Top 5 Events: Chinese, German, US Inflation Rates; Banxico Rate Decision; US Retail Sales
The second week of May sees a global focus in the first half and a North American focus in the second half.
US Dollar Draws Near Key Support; EUR/USD to Two-Month Highs
It's been a fast and aggressive move of USD-weakness so far in Q2, but the Greenback has come to a key area on the chart around the 90-handle in DXY.