Fundamental

Crude oil has been very noisy in April, and May looks more likely than not to be more of the same.

The USD/JPY pair builds on the previous day’s breakout momentum beyond the 160.00 psychological mark, hitting a fresh high since July 2024 on Thursday.

Gold is fading its bounce from monthly lows of $4,510 set on Wednesday, as buyers lack conviction amid renewed haven demand for the US Dollar (USD)

Powell’s departure is probably the most troublesome end of a Federal Reserve (Fed) Chair, despite being the most resolute leader a central bank could have. Indeed, Powell could be labeled as conservative.

The Federal Reserve’s upcoming interest-rate decision is key for Gold’s price.

Despite the bearish double top pattern which seems to have completed, the price has been making a firm bullish consolidation above the support level at $76,975.