Eric Feigl-Ding

#Inflation
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Forwarded from VIP PREMIUM
#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
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.