Gold starts the week on the front foot as the Dollar Index takes a breath. Will the idea of a ‘soft landing’ and a drop in US inflation help Gold bulls facilitate a renewed push toward the psychological $2000/oz mark?

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The US Dollar retreat kicked off on Monday after hawkish comments from BoJ Governor Ueda sent USD/JPY tumbling before the broader DXY (USD) index took a hit. Lower USD?

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Major US indices attempted to stabilise towards the end of last week, but gains remained feeble with de-risking in tech and concerns of a resurgence in inflationary pressures.

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The Japanese Yen found firmer footing today with BOJ Governor Ueda opening the prospect of further adjustments to the bank’s monetary policy. Have we seen the peak in USD/JPY?

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The Euro fell for 8 consecutive weeks, will a 9th spell the longest losing streak since 1997 with the ECB due? Meanwhile, the US Dollar, gold and Treasuries await likely mixed US CPI data. AUD/USD faces Australian jobs data. What else?

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