How will the US Dollar react to August NFP?

Share: US Nonfarm Payrolls are expected to increase by 170K in August, slowing from the 187K reported in July. The headline NFP and Average Hourly Earnings could impact the Fed’s future policy. The Unemployment Rate in the United States is seen steady at 3.5% in August. Traders scale back the odds of a

Natural Gas rally fades as strike concerns abate and supply rises

Share: Natural Gas could fall as demand remains tepid and stockpiles high.  The US Dollar is taking a step back with weak US data ahead of the jobs report.  Expect a sideways to lower gas price as supply starts to build with less demand. Natural Gas could be retreating from its peak print in recent

Gold remains strong as yields rally halt ahead of Jackson Hole

Share: Gold price prepares to extend upside ahead of US PMI data. Fed’s Barkin hopes that the US recession will be “less severe”. Strength in Gold prices has come from restrictive upside in US Treasury yields. Gold price (XAU/USD) strengthens this week as the rally in US Treasury yields halts amid fading hopes

Gold turns vulnerable as caution deepens ahead of Jackson Hole Symposium

Share: Gold price falls back as the focus shifts to the Jackson Hole Economic Symposium. The US Dollar continues to enjoy liquidity amid caution about China’s economic outlook. United States August economic calendar could have a significant impact on the Fed’s September monetary policy meeting. Gold price (XAU/USD) surrenders gains and slips back below

Pound Sterling remains well-supported amid robust GDP growth

Share: Pound Sterling faces selling pressure despite the UK economy turning out more resilient in June than expected. Upbeat United Kingdom factory data showcase optimism among producers in spite of a highly-inflated price environment. Monthly Industrial and Manufacturing Production data grew by 1.8% and 2.4% in June, respectively. The Pound Sterling (GBP) seems to be

Gold drops led by faster US PPI growth

Share: Gold price looks supported but needs to pass through more filters for a confident reversal. US inflation grew slower than forecasted in July as lower second-hand automobile prices offset rising rentals. US President Biden restricts some new investment in China in sensitive technologies. Gold price (XAU/USD) faces selling pressure as the United States Producer Price

US CPI inflation to shape Federal Reserve expectations

Share: Consumer Price Index in the US is forecast to rise 3.3% YoY in July, up from the 3% increase recorded in June. Core CPI inflation is expected to hold steady at 4.8% YoY in July. US CPI inflation report could significantly impact the US Dollar’s valuation by altering the Fed’s rate outlook.

US Dollar goes nowhere with traders looking ahead to Thursday

Share: The US Dollar is unchanged near the New York opening bell.  Very light data calendar points to a rather uneventful day in the wake of US inflation data on Thursday.  The US Dollar Index nudges lower, eyes key support test.  The US Dollar (USD) is trading sideways to slightly lower as markets