The gold price edged lower overnight as the market contemplates US Dollar direction and US CPI with the potential to impact Treasury and real yields. Is XAU/USD range bound for now?
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The gold price edged lower overnight as the market contemplates US Dollar direction and US CPI with the potential to impact Treasury and real yields. Is XAU/USD range bound for now?
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AUD/USD was muted on Tuesday, unable to consolidate Monday’s gains, but continued to forge a double bottom pattern that may have bullish implications for the exchange rate if confirmed.
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The U.S. dollar rebounds after steep losses at the beginning of the week. Meanwhile, the Nasdaq 100 slides, unable to consolidate Monday’s gains as traders await the U.S. inflation report for August, which could set the tone for financial markets.
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The euro failed to take advantage of a narrow window ahead of US CPI data which is anticipated to rise, providing a potential lift for USD. ECB decision on Thursday
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ZAR prices fell against the US dollar on Tuesday as markets prepare for US CPI that could remain sticky. Rand traders cautiously await a US data-filled week.
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