Tag Archives: NFP

US Dollar Index aims to recapture 104.60 as odds of Fed’s hawkish guidance trim

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 »

Gold Price Forecast: XAU/USD aims to recapture $1,800 as investors trim US Inflation forecasts

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 »

Gold Price Forecast: XAU/USD steadies near $1,770 as DXY pares NFP-led gains ahead of US inflation

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 »

USD/JPY traces yields to retreat towards 135.00, US inflation, Taiwan eyed

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 »