The Euro’s latest uptrend has held up into the start of a new trading week as the single currency looks more comfortable above $1.07
Gold is struggling to move higher as haven assets remain in the doldrums. This week’s Fed policy decision and US Jobs Report are likely to wake up the precious metal.
USD/JPY touched 160 and reversed sharply towards 155 as suspicions of FX intervention did the rounds on Monday. Rate differential remains a major stumbling block
Risk markets pushed higher over the week, spurred on by a lull in Israel/Iran hostilities. Next week the FOMC and tech heavyweights Amazon and Apple will dominate risk sentiment.
Gold rose last week but the size of the recent gains have tapered off as risk sentiment recovered. Will elevated rates weigh on gold or will growth concerns provide support?
Year-on year US PCE data followed on from yesterday’s quarterly surprises to give the FOMC something to think about when they meet next week to set interest rates
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