Gold prices may fall if US inflation data surprises higher, pushing up the US Dollar and Treasury yields. What are key technical levels to watch for XAU/USD?
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Gold prices may fall if US inflation data surprises higher, pushing up the US Dollar and Treasury yields. What are key technical levels to watch for XAU/USD?
from DailyFX – Market News https://bit.ly/3hoXmVT
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The British Pound is under the pump again as the collapse of FTX ricochets through markets in a risk-off rout that has seen the US Dollar resumed the ascendency. Where to for GBP/USD?
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The US midterm elections have passed, but the implications for the markets seem as if they are as ambiguous after the fact as they were in the lead up. Today’s CPI release will likely exact a more definitive impact for the Dollar and S&P 500. And, as we await the docket release, keep a wary eye on crypto markets.
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Crude oil prices are down over 6% this week as China increases virus-curbing measures after a surprise US stockpile build. A major US refinery is back online, but WTI’s chart shows a breakout chance.
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USD/CAD may struggle to hold above the 50-Day SMA (1.3524) as the US Consumer Price Index (CPI) is anticipated to show slowing inflation.
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