Gold Weekly Forecast: XAU/USD Propelled by Softer US Inflation Outlook
Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.
Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.
This article examines the technical profile for EUR/USD, GBP/USD and gold (XAU/USD) after U.S. PCE encouraging data, analyzing major price thresholds heading into the last week of the year.
US data continues to show signs of slowing down with today's PCE print likely to fuel rate cut expectations. Gold advances toward key resistance area.
A weak US dollar is enabling EUR/USD to press ever higher and if today’s inflation report shows US price pressures easing further, the EUR/USD rally may continue into the year-end.
Outlook on FTSE 100 and DAX 40 ahead of Christmas holiday.
USD prices trade at a major area of confluence that has held firm since May 2021 as core PCE deflator, durable goods orders and Michigan consumer sentiment looms.
This article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming day
USD/JPY tested key support today at 142.00 but a failure to break this level tomorrow could lead to a recovery. Will US PCE data prove to be a much-needed catalyst?
This article analyzes the technical and fundamental outlook for the Russell 2000 and examines the main variables that could determine near-term price developments.
Final reading of Q3 2023 GDP shows US economy grew by 4.9%, downwardly revised from the 2nd estimate of 5.2%. Another positive which adds to rate cut expectations but PCE data tomorrow holds the key.