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.
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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.
EUR/USD Weekly Forecast: US inflation and war doldrums to keep shaping market’s mood
A dull week ends with the EUR/USD pair surging to a fresh multi-week high, trading around 1.1560 ahead of the close. Optimism about an end to the Middle East conflict dominated the headlines throughout the first half of the week, only to be followed by the usual delays and diluted hopes.
Gold Weekly Forecast: Bullish pressure builds on easing Fed rate hike bets
Following a quiet opening to the week, Gold (XAU/USD) gathered bullish momentum and climbed to its highest level since mid-June above $4,300, supported by cooling geopolitical tensions and investors scaling back bets for a Federal Reserve (Fed) interest rate hike in September.
Gold Price Forecast: XAU/USD bulls back in action as US Nonfarm Payrolls report looms
Gold is finding fresh demand in Asia on Friday, pausing a sharp pullback from seven-week highs of $4,304 reached a day before. However, Gold bulls stay cautious ahead of the all-important US Nonfarm Payrolls (NFP) data release.