Asia Day Ahead: RBA rate decision ahead, VIX hovers near year-to-date low

Today will leave the Reserve Bank of Australia (RBA) rate decision on watch, with focus on whether recent inflation progress is sufficient to soften the RBA’s hawkish stance.

from DailyFX – Market News https://bit.ly/3R89w5d
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Gold Price Steadies as US Real Yields Offset by Potential BRIC Demand. Lower XAU/USD?

The gold price has seen some sideways price action as the market contemplates a bullish and bearish case with the potential influence of BRIC countries outweighing historic fundamentals.

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Pound (GBP) Update: Sterling Reinforces Range Trading Tendencies

The pound seems to favour choppy, sideways price action. This has been evident for EUR/GBP for some time but now appears in GBP/USD after trendline breakdown

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Gold Stumbles Following European Open as Silver Selloff Continues, Where to Next?

Commodities look poised to benefit should the Fed rate hike cycle be at an end. DXY and Market Sentiment likely to drive Gold, Silver prices this week as we have limited US data on the docket.

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