GOLD PRICES FORECAST: Gold prices retreat for a second consecutive day amid rising yields after better-than-expected U.S. economic data Traders should focus on the ISM services PMI and the U.S. labor market report in the coming days This article looks at key XAU/USD’s levels to watch this week Trade Smarter – Sign up for the
S&P 500 FORECAST The S&P 500 and Nasdaq 100 slide, but remain near multi-month highs ahead of key earnings and the U.S. jobs report Apple and Amazon will announce quarterly results on Thursday Meanwhile, the U.S. Bureau of Labor Statistics will release the July employment report on Friday Recommended by Diego Colman Get Your Free
US DOLLAR FORECAST The U.S. dollar, as measured by the DXY index, continues its impressive rebound, gaining strength from the surge in U.S. Treasury rates The rise in bond yields has a positive impact on USD/JPY, propelling the currency pair to its highest levels in almost four weeks. Market focus remains on the highly anticipated
US Dollar, DXY Index, USD, China PMI, Fed, AUD, NZD, Japan YCC, BoJ, HSI – Talking Points The US Dollar resumed strengthening again today as yields go north The Fed’s Kashkari hit the wires warning of potential labour market strains The Bank of Japan is allowing bond yields to go higher. Will that impact USD?
Share: The Yen is choppy but holds gains after BoJ allows the 10Y yield to rise as high as 1%. Economists at Scotiabank analyze JPY outlook. BoJ makes changes to its YCC policy The BoJ maintained its target for 10Y yields at 0% but henceforth, it will consider 0.5% as a reference point
SECOND-QUARTER USD GDP KEY POINTS: The U.S. economy grew at an annualized rate of 2.4% in the second quarter, well ahead of expectations of 1.8% Personal consumption expenditures, the main driver of economic activity, decelerated to 1.6%, but remained elevated by historical standards Better-than-expected data pushed U.S. Treasury yields higher, boosting the U.S. dollar Recommended
