Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline. The weekly price is continuing with the secondary correction within the primary bullish trend by trying to break 1,732 support level to below for the correction to be continuing. more...
The Reserve Bank of Australia (RBA) Minutes may do little to influence AUD/USD as the central bank appears to be on a preset course in normalizing monetary policy. more...
Bitcoin, Ethereum and their alt coin counterparts have rebounded despite the shocking US CPI print dented sentiment further. BTC/USD remains above $20,000 despite fundamental risks. more...
Event Risk for the Week: UK unemployment, CPI Inflation. UK focused data appears via unemployment data followed by the unavoidable CPI inflation print which is expected to rise to 9.3% for June. The Bank of England still anticipates that inflation will hit double digits before peaking. more...
The manufacturing sector in New Zealand fell back into contraction territory in June, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.7. more...
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