Downside momentum is indicating that the DXY will re-visit its six-week low at 104.64. The odds of a Fed rate hike will remain steady while the hawkish guidance will trim abruptly. A meaningful decline in the US CPI has underpinned risk-sensitive assets. The US dollar index (DXY) witnessed an intense sell-off on Wednesday after a… Read More »
Advancing Treasury yields are indicating that the US CPI is likely to surprise on the upside. The upbeat US NFP has already bolstered the odds of status quo maintenance by the US Inflation. Fed’s Bullard sees interest rates at 4% by the end of CY2022. The 10-year US Treasury yields are aiming to recapture the… Read More »
Gold price is aiming to recapture its fresh monthly high at $1,800.00 on lower consensus for US CPI. Vulnerable oil prices are responsible for US CPI’s downward consensus. The precious metal is set for a smooth ride as RSI (14) has shifted into a 60.00-80.00 range. Gold price (XAU/USD) is displaying a volatility contraction after… Read More »
Oil prices are aiming for a break above $90.00 to trigger a bullish reversal. An upbeat US NFP has infused fresh blood into the oil bulls. The demand for oil is recovering in China as Covid-19 concerns fade. West Texas Intermediate (WTI), futures on NYMEX, is attempting to overstep the psychological resistance of $90.00 as… Read More »
Pre-anxiety for Wednesday’s US CPI is supporting the DXY bulls. Softer oil prices have trimmed the consensus for the US Inflation rate. Higher US NFP has delighted the Fed for handling a higher inflation rate. The US dollar index (DXY) is expected to conclude its pullback move sooner and may continue its upside journey if… Read More »
EUR/USD bulls moved in for the kill at the start of the week in a risk-on environment, Given the bullish environment surrounding US yield and the greenback, the floodgates could open up below 1.0150. EUR/USD is treading water in the green at the start of the week and holding up by 0.20% in the midday New… Read More »
Overview US index futures have started the week on the front foot after a better-than-expected US Jobs report on Friday (Non-farm payrolls July exp. +250k act. +528K). The markets are now drawn towards a 75 basis-point rate hike in September. Will this result in a dampening of the US stock market rally? Technical: I want… Read More »
Gold price remains sidelined, recently bouncing off intraday low amid sluggish markets. Easing risk-aversion, pullback in Treasury yields favor recent consolidation in metal prices. China, inflation are the key catalysts amid a likely calmer week ahead. Gold price (XAU/USD) pares intraday losses at around $1,775 amid the initial Monday morning in Europe. The yellow metal’s… Read More »
Gold price is displaying a balanced auction profile above $1,770.00 as investors await US CPI. A solid growth rate and upbeat US NFP will delight the Fed. Lower oil prices are responsible for lower consensus for the US Inflation rate. Gold price (XAU/USD) has chartered its territory in a narrow range of $1,771.60-1,776.30 as the… Read More »
USD/JPY pares intraday gains around one-week high as bulls take a breather after the biggest daily jump in seven weeks. Yields retreat from fortnight high as traders prepare for Wednesday’s US CPI. US NFP propelled hawkish Fed bets and favored USD bulls, Taiwan concerns also underpin greenback’s safe-haven demand. Japan’s trade deficit widened in June,… Read More »
