Gold Price Outlook: Higher US Yields, Dollar Send Gold to 6-Week Low

With US 10-year treasury yields rising steadily and the dollar benefitting as a result, gold appears out of favour. Strong US data prolongs the need to keep rates elevated

from DailyFX – Market News https://ift.tt/YCKt5iH
via IFTTT

Finance Minister Suzuki Sticks to Script as EUR/JPY, USD/JPY Advance

apanese Finance Minister Suzuki sounded more like a record on repeat with comments around FX intervention this morning. The comments came on the back of a 3rd straight quarter of expansion.

from DailyFX – Market News https://ift.tt/azSFBxv
via IFTTT

BoE Faces Pressure Following Average Earnings Spike as Unemployment Rises, GBP/USD Bid

UK unemployment rises to levels last seen in late 2021. Average earnings touted as key by the BOE smashed estimates and is likely to add pressure on the Central Bank to keep its foot on the rate hike pedal.

from DailyFX – Market News https://ift.tt/8RLhUPd
via IFTTT