The US data has started to miss expectations in the past few weeks which gave Gold a tailwind as it’s sensitive to interest rates expectations. In fact, we saw the market repricing expectations on the more dovish side with no more rate hikes expected and rate cuts starting to be priced as soon as June
Euro (EUR/USD, EUR/GBP) Analysis Recommended by Richard Snow Get Your Free EUR Forecast European Data Set the Bearish Tone Earlier in the Week The euro has experienced a sizeable selloff which only continued as the week progressed as EU data softened and US data remained relatively strong. On Monday we saw core inflation edge higher