Inflation

XAUUSD aims for $2K support Gold retraced its NFP spike as price action continued lower. The solid job numbers saw bulls move in before settling back towards 2030. Further downward momentum eyes the psychological $2k level. Any chance of…
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Markets are pricing in an expectation that the upcoming jobs report in the US will maintain the trend favoring the Fed easing up sooner than later. The labor market is expected to keep cooling, but not so fast as to signal a major threat of…
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Volatility for the EUR/USD might continue through the rest of the week as the pair is buffeted by a barrage of data. The dollar's strength has pushed the pair down, but the data hasn't been all that good for the Euro. Though that might…
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The dollar is set to have a busy week to start the new year. The second day of trading includes ISM manufacturing data, JOLTs report and the minutes from the last FOMC meeting. The latter has perhaps the largest potential to shake up the…
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EURUSD consolidates gains The US dollar drifts lower as traders stick to rate cuts as the theme of the upcoming year. The pair is holding onto its gains after clearing the daily resistance and the psychological level of 1.1000. The…
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Markets have apparently full-on embraced the prospect of a Santa Rally this year, with US stock indices scoring 6-year record growth over the last week. For forex traders, that means the dollar has been substantially on the backfoot as…
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GBPUSD seeks support Cable stalled after Britain’s inflation and retail sales numbers fell sharply in November. The price is looking to consolidate its gains after lifting offers around 1.2730. As the RSI drops back from its double top…
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The last time the BOE met, it didn't have the benefit of the latest CPI figures for the country. The result of the meeting was seen as a little more hawkish than expected. Markets could interpret the upcoming inflation data releases as a…
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Over today and tomorrow, the BOJ is meeting for the final time this year. The consensus for the conclusion of the gathering tomorrow is that there won't be any major policy changes. But, there will be keen focus on comments from the…
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Tomorrow's release of Flash PMI figures from select major economies around the world could be the last major economic release that could shift market sentiment this year. Particularly in light of the latest round of central bank meetings,…
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