San Francisco Fed President Mary Daly told CNN yesterday that “we could have it (inflation) be worse before it gets better but it is definitely going to get better. She didn’t expect inflation to fall back Read more…
ECB Governing Council member Francois Villeroy de Galhau said market reactions to the central bank’s recent comments were “very high and too high in recent days.” He told the French National Assembly that ECB has Read more…
Key Highlights Gold price is gaining pace above the $1,810 and $1,812 resistance levels. A connecting bullish trend line is forming with support near $1,807 on the 4-hours chart. EUR/USD started a downside correction from Read more…
The US releases CPI on Thursday morning. After a surge to 7% YoY for December, CPI is expected to have increase to 7.3% YoY in January. In addition, the January Core CPI, which excludes food Read more…
After an extremely active economic calendar last week, highlighted by major earnings reports, central bank meetings, and jobs reports, this week is decidedly quieter on the data front. Accordingly, it’s not surprising to see most Read more…
If Russian/Ukraine tensions escalate, or if OPEC+ can’t keep up with their quotas, price may increase once again. Russia helps to makeup the “+” side of OPEC+. Therefore, Russia is a key player in the Read more…
Interestingly, gold investors continued to ignore rising yields – and the dollar. The yellow precious metal broke to a fresh weekly high above $1825, even as the 10-year yield closed in on the 2.000% level. Read more…
Gold prices seem to remain elevated so far in February, finishing in green territory in the past week and trading higher in the current. As we head into a week with limited economic releases but Read more…
Gold recently breached the 1,800 handle and has extended beyond the simple moving averages (SMAs) and the Ichimoku cloud. Although the longer-term averages are endorsing a more neutral trend, the upturn of the 50-period SMA, Read more…
AUDJPY broke key resistance level 82.00 Likely to rise to resistance level 83.00 AUDJPY currency pair recently broke the key resistance level 82.00 (which has been reversing the price from the middle of December). The Read more…