Gold Price Update: September Rate Cut Reawakens Gold Bulls
Markets now fully price in a rate cut from the Fed as soon as September after US CPI continued to show progress. The dollar-based commodity has a new all-time high in sight
Markets now fully price in a rate cut from the Fed as soon as September after US CPI continued to show progress. The dollar-based commodity has a new all-time high in sight
Bitcoin and Ethereum both rallied sharply over the weekend and continue to push higher today. The weekend rally has turned the technical outlook positive again.
There is a lot going on next week including the latest ECB rate decision, a raft of high importance economic data, and a bunch of heavyweight US earnings
Sterling has had a great run this month, and retains a lot of fundamental support. However it is perhaps in need of a break.
The Japanese Yen rallied sharply against the US dollar Thursday after weaker-than-expected US inflation data sent the greenback tumbling. Did the BoJ boost the Yen rally?
The US dollar fell sharply after the latest US CPI data showed inflation easing by more than forecast. US stocks and gold are rallying into the US open.
The market is again very close to $2,400/ounce and, while fundamental support is solid, may be due a breather.
The UK economy expanded by 0.4% in May, after flatlining in April, and by a robust 0.9% in the three months to May compared with the three months to February.
Short-dated UK government bond yields are testing lows last seen in late March as investors see interest rate cuts looming on the horizon
The Fed Chair didn’t tell markets much they didn’t already suspect on Tuesday. His second day of Testimony is now in focus