Gold and silver prices fell on Friday, spoiling early-week gains. Gold is eyeing a breakout above resistance from a Double Bottom pattern. Silver failed to clear a key SMA as RSI fell below 50. Read More
September U.S. Core PCE rises to 5.1% y-o-y, one-tenth of a percent below expectations, a sign that inflationary pressures remain elevated but are growing less aggressively than in previous months. Read More
Recent rate hikes have been positive for USD but not for the pound. Strong US fundamentals also point to lower GBP/USD ahead of more possible US job additions (NFP) Read More
PCE data is likely to guide the Fed’s tone next week as the rate setting committee is expected to hike by another 75 bps. Potential hawkish message threatens GBP/USD Read More
Peak US earnings season and the serious hit to FAANG members proved one of this past week’s top fundamental themes. Next week, the volatility looks to continue; but the motivations for that activity are likely to shift dramatically between the FOMC rate decision and key economic measures including NFPs. Read More
The Japanese Yen marked time after a still dovish Bank of Japan. USD/JPY is now eyeing Governor Kuroda’s speech and the Fed’s preferred inflation gauge before the weekend. Read More