Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed Cues

This article explores gold’s fundamental and technical outlook, dissecting key scenarios that could play out in the near term in response to U.S. PPI data.

from DailyFX – Market News https://ift.tt/9DpzB30
via IFTTT

Oil Price Update: IEA Lowers Demand Growth Estimate, Oil Recovery Slows

The International Energy Agency lowered its estimate of oil demand growth, renewing oversupply concerns at a time when major economies confirm recessions

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

EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to Recovery

EUR/USD rises for a second consecutive day after weak US retail sales data, but its recovery could be derailed if the upcoming US PPI report shows limited progress on disinflation.

from DailyFX – Market News https://ift.tt/TWkfY9U
via IFTTT

Bitcoin (BTC/USD) Continues to Post Fresh Multi-Month Highs, Ethereum (ETH/USD) Eyes $3k

Bitcoin has rallied by over 20% already this month as buyers continue to dominate the market. A short-period of consolidation could lead to further gains as the ‘halving’ draws closer.

from DailyFX – Market News https://ift.tt/P1KNfAs
via IFTTT

Japanese Yen Gains As Growth Data Put Spotlight On BOJ Policy Shift

Markets have been braced for a withdrawal from the longest period of easy monetary policy by any central bank. Japanese growth data numbers make that less likely

from DailyFX – Market News https://ift.tt/Hq2XsG0
via IFTTT