Real Yields Continue to Cast Shadow Over Gold: XAU/USD Price Action

Gold is restarting to feel the heat of rising US real yields following upbeat US data in the past couple of days. What is the outlook and what are the key levels to watch in XAU/USD?

from DailyFX – Market News https://bit.ly/3RhcNj3
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Crude Oil Price Makes New Peak on Supply Cuts and Inventory Run Down. Higher WTI?

Crude oil prices launched to a 10-month high overnight as OPEC+ supply cuts are extended, and US stockpiles continue to shrink while the structure of the market appears at a crossroads.

from DailyFX – Market News https://bit.ly/3sKtnNW
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Canadian Dollar Outlook: USD/CAD on Cusp of Breakout Despite BoC’s Hawkish Hold

USD/CAD rises to its best level since late March and challenges a key technical resistance zone, opening the door to a possible bullish breakout and the prospect of additional upward momentum.

from DailyFX – Market News https://bit.ly/3ZmSEdr
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Euro Forecast: EUR/USD on Bearish Path on US Exceptionalism, Key Levels Ahead

EUR/USD falls to its weakest level in three months as markets price in higher odds of additional Fed tightening in 2023 following strong and better-than-expected U.S. economic data.

from DailyFX – Market News https://bit.ly/3Z5bLbI
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