Upward Revision to Q2 GDP Aids the US Dollar’s Feable Recovery

The second estimate of US GDP growth in Q2 saw an upward revision from 2.5% to 3%. However, US resilience has come under pressure, particularly in the labour market of late

from DailyFX – Market News https://bit.ly/3Mq4VYE
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Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses

Gold and silver have come off their recent highs as the US dollar nudges higher ahead of the US open. Nvidia results after the US market closes will be key for risk sentiment.

from DailyFX – Market News https://bit.ly/3Z1yyHa
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Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance

WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases

from DailyFX – Market News https://bit.ly/4dDuyBn
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Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address

Japanese inflation provided a slight surprise to the upside, helping the yen gain some ground on the dollar. Markets, however, look to Jerome Powell’s speech later today

from DailyFX – Market News https://bit.ly/3Xel3CP
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