Australian Dollar Price Forecast: In the RBA bulls trust
Directional bias: while above the 200-day SMA, it should maintain the neutral-to-bullish stance, although a persistent inability to clear 0.7000 leaves spot exposed to another rejection.
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XAU/USD Price forecast: Gold pressures recent highs, aims for $4,400
Spot Gold trades near the multi-week peak posted on Friday at $4,371.79, recovering ground after starting the week with a down note.
Gold Price Forecast: XAU/USD appears ‘buy-the-dip’ trade before the US inflation test
Gold is under renewed selling pressure toward $4,300, kicking off the US inflation week on a negative note and retreating further from seven-week highs of $4,372 set last Friday.
US Dollar Weekly Forecast: Softer jobs test Fed’s inflation resolve
The geopolitical landscape has remained the almost exclusive driver of the sentiment surrounding the global markets this week.
CFTC Report: FX repositioning dominates as commodities diverge
The week in one sentence: a historic Yen short unwind led to a broader recovery in FX positioning, while Gold strengthened with price confirmation, and renewed selling in WTI and Coffee reinforced commodity weakness.
US Dollar Weekly Forecast: Sticky inflation, weaker jobs and hopes of peace
The geopolitical landscape has remained the almost exclusive driver of the sentiment surrounding the global markets this week.