Eric Feigl-Ding
#Silver
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The #USD Index (DXY) traded on the defensive near the 104.00 region ahead of key #US data due on Friday.
In fact, the release of #Nonfarm #Payrolls and the #Unemployment Rate will be at the centre of the debate on June 7, seconded by #Wholesale Inventories.
#EUR/USD regained traction and approached the 1.0900 zone after the cautious cut from the #ECB at its event on Thursday. #Germany’s Balance of Trade results are due on June 7 along with another estimate of Q1 #GDP Growth Rate in the broader #Euroland and a speech by the #ECB’s #Lagarde.
#GBP/USD added to Wednesday’s uptick and traded at shouting distance from the key 1.2800 hurdle. June 7 will only see the release of the Halifax House Price Index.
#USDJPY partially faded Wednesday’s firm performance on the back of the weaker dollar and pale #US yields. Household Spending, the preliminary Coincident Index and the #Leading #Economic Index will be unveiled on June 7.
#AUD/USD regained its smile and left behind two straight sessions of losses, retesting two-day highs near 0.6680. The #Australian docket will be empty on June 7.
#Gold Prices advanced to two-week highs near $2,380 per troy ounce following the softer dollar, marginal moves in #US yields, and expectations of rate cuts by the #Fed sooner than anticipated.
#Silver extended its gains and climbed to four-day tops beyond the $31.00 mark per ounce.
In fact, the release of #Nonfarm #Payrolls and the #Unemployment Rate will be at the centre of the debate on June 7, seconded by #Wholesale Inventories.
#EUR/USD regained traction and approached the 1.0900 zone after the cautious cut from the #ECB at its event on Thursday. #Germany’s Balance of Trade results are due on June 7 along with another estimate of Q1 #GDP Growth Rate in the broader #Euroland and a speech by the #ECB’s #Lagarde.
#GBP/USD added to Wednesday’s uptick and traded at shouting distance from the key 1.2800 hurdle. June 7 will only see the release of the Halifax House Price Index.
#USDJPY partially faded Wednesday’s firm performance on the back of the weaker dollar and pale #US yields. Household Spending, the preliminary Coincident Index and the #Leading #Economic Index will be unveiled on June 7.
#AUD/USD regained its smile and left behind two straight sessions of losses, retesting two-day highs near 0.6680. The #Australian docket will be empty on June 7.
#Gold Prices advanced to two-week highs near $2,380 per troy ounce following the softer dollar, marginal moves in #US yields, and expectations of rate cuts by the #Fed sooner than anticipated.
#Silver extended its gains and climbed to four-day tops beyond the $31.00 mark per ounce.
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The #USD Index (#DXY) came under pressure and retreated from weekly highs past the 105.00 hurdle against the backdrop of declining #US yields. On May 31, all the attention will be on the release of inflation data tracked by the #PCE along with #Personal #Income and #Personal #Spending.
#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail #Sales in #Germany will be at the centre of the debate on May 31.
#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide #Housing #Prices.
The upside impulse in #USDJPY lost some traction and sparked a pullback to weekly lows amidst lower #US and #Japanese yields. In the #Japanese docket, the #Unemployment #Rate, preliminary Industrial #Production and #Housing #Starts will all be published on May 31.
Following a brief drop below 0.6600, #AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing #Credit is only due #Down #Under.
Prices of #Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.
#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.
#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail #Sales in #Germany will be at the centre of the debate on May 31.
#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide #Housing #Prices.
The upside impulse in #USDJPY lost some traction and sparked a pullback to weekly lows amidst lower #US and #Japanese yields. In the #Japanese docket, the #Unemployment #Rate, preliminary Industrial #Production and #Housing #Starts will all be published on May 31.
Following a brief drop below 0.6600, #AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing #Credit is only due #Down #Under.
Prices of #Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.
#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.
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Further gains lifted #EURUSD to four-day highs around 1.0870 amidst a renewed selling bias in the #US #Dollar.
Wholesale Prices in #Germany are due on May 28 along with the #ECB’s #Schnabel speech.
#GBP/USD accelerated its gains beyond the 1.2700 barrier and hit a new two-month tops following the weaker #Greenback. The #CBI Distributive Trades are expected on May 28.
Price action around #USD/JPY remained flat near the 157.00 hurdle following a solid performance of #JGB 10-year yields. There are no scheduled releases in “The Land of the Rising Sun” on May 28.
A solid session saw #AUD/USD advance to three-day highs near 0.6660 amidst the softer #Dollar and an improved tone in the commodity complex. Flash #Retail #Sales are next on tap in #Oz on May 28.
#Gold prices edged higher and surpassed the $2,350 mark per troy ounce, adding to Friday’s small uptick.
#Silver followed suit and rose markedly more than 4% to surpass the $31.00 mark per
Wholesale Prices in #Germany are due on May 28 along with the #ECB’s #Schnabel speech.
#GBP/USD accelerated its gains beyond the 1.2700 barrier and hit a new two-month tops following the weaker #Greenback. The #CBI Distributive Trades are expected on May 28.
Price action around #USD/JPY remained flat near the 157.00 hurdle following a solid performance of #JGB 10-year yields. There are no scheduled releases in “The Land of the Rising Sun” on May 28.
A solid session saw #AUD/USD advance to three-day highs near 0.6660 amidst the softer #Dollar and an improved tone in the commodity complex. Flash #Retail #Sales are next on tap in #Oz on May 28.
#Gold prices edged higher and surpassed the $2,350 mark per troy ounce, adding to Friday’s small uptick.
#Silver followed suit and rose markedly more than 4% to surpass the $31.00 mark per
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#EUR/USD clocked its fourth consecutive session of losses and challenged the 1.0800 support. The final Q1 #GDP Growth Rate in #Germany will be in the spotlight on May 24.
#GBP/USD reversed four daily advances in a row and retreated from recent peaks near 1.2760. On May 24, the #Consumer #Confidence tracked by #GfK comes in the first turn seconded by Retail Sales.
#USD/JPY surpassed the 157.00 barrier and printed two-week tops amidst the dollar’s rebound and rising #US yields. In #Japan, the #Inflation #Rate, #Core #Inflation #Rate and Inflation #Rate #Ex-Food and #Energy for the month of April are due on May 24.
Further weakness saw #AUD/USD add to the ongoing weekly retracement and breach the 0.6600 support on the back of the stronger #Dollar and the generalized sour sentiment in the risk complex.
Prices of #Gold charted heavy losses and revisited the $2,330 zone per troy ounce following the #Dollar’s bounce and increasing yields.
By the same token, prices of the ounce of #Silver extended the drop to the boundaries of the $30.00
#GBP/USD reversed four daily advances in a row and retreated from recent peaks near 1.2760. On May 24, the #Consumer #Confidence tracked by #GfK comes in the first turn seconded by Retail Sales.
#USD/JPY surpassed the 157.00 barrier and printed two-week tops amidst the dollar’s rebound and rising #US yields. In #Japan, the #Inflation #Rate, #Core #Inflation #Rate and Inflation #Rate #Ex-Food and #Energy for the month of April are due on May 24.
Further weakness saw #AUD/USD add to the ongoing weekly retracement and breach the 0.6600 support on the back of the stronger #Dollar and the generalized sour sentiment in the risk complex.
Prices of #Gold charted heavy losses and revisited the $2,330 zone per troy ounce following the #Dollar’s bounce and increasing yields.
By the same token, prices of the ounce of #Silver extended the drop to the boundaries of the $30.00
Forwarded from VIP PREMIUM
#EURUSD tumbled to five-day lows near the 1.0820 region, an area coincident with the provisional 100-day #SMA. The preliminary #Consumer #Confidence tracked by the #European Commission (#EC) in the broader #Euroland is due on May 23, ahead of May’s flash #Manufacturing and Services #PMIs.
#GBP/USD clung to daily gains on the back of renewed repricing of rate cuts by the BoE in the wake of #UK inflation data. On May 23, flash #Manufacturing and Services PMIs will be revealed prior to the speech by the #BoE’s Pill.
Higher yields and the continuation of the rebound in the dollar lent extra legs to #USD/JPY, which flirted with the area of three-week tops.
#Foreign #Bond Investment are due on May 23, seconded by advanced #Jibun #Bank Manufacturing and Services #PMIs.
#AUD/USD retreated markedly to multi-session lows following the stronger dollar and the weak tone in the commodity space. The #Consumer #Inflation #Expectations are next on tap in #Oz on May 23 followed by the flash #Judo #Bank Manufacturing and #Services #PMIs.
#Gold prices added to Tuesday’s decline following hawkish #FOMC #Minutes, higher yields and a robust greenback.
#Silver followed suit and revisited three-day lows in the sub-$31.00 mark zone.
#GBP/USD clung to daily gains on the back of renewed repricing of rate cuts by the BoE in the wake of #UK inflation data. On May 23, flash #Manufacturing and Services PMIs will be revealed prior to the speech by the #BoE’s Pill.
Higher yields and the continuation of the rebound in the dollar lent extra legs to #USD/JPY, which flirted with the area of three-week tops.
#Foreign #Bond Investment are due on May 23, seconded by advanced #Jibun #Bank Manufacturing and Services #PMIs.
#AUD/USD retreated markedly to multi-session lows following the stronger dollar and the weak tone in the commodity space. The #Consumer #Inflation #Expectations are next on tap in #Oz on May 23 followed by the flash #Judo #Bank Manufacturing and #Services #PMIs.
#Gold prices added to Tuesday’s decline following hawkish #FOMC #Minutes, higher yields and a robust greenback.
#Silver followed suit and revisited three-day lows in the sub-$31.00 mark zone.