AUD dropped after Australia’s monthly CPI indicator showed price pressures moderated more than expected last month. What is the outlook for AUD/USD ahead of Australia retail sales (Thursday) and US PCE data (Friday)?

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Market participants seem to take comfort from a series of stronger-than-expected economic data out of the US, with economic resilience being the takeaway and calmed some nerves for an impending recession.

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The gold price is struggling to hold ground despite a US Dollar tracking sideways ahead of Fed Chair Powell’s appearance on an ECB panel discussion later today. Will XAU/USD recover?

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Oil prices struggle to form upside momentum despite Saudi production cuts coming into play next week. Global growth concerns and the prospect of rate hikes weigh

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Spot Gold surrendered the high ground as USD/CAD rose following US and Canadian data. Canadian inflation at 2-year lows and US home sales at 1-year highs. What recession?

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