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.
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.
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
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
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.
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.
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
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
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.
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.