Gold and silver bounce higher from stern levels of support as the US dollar heads lower. Levels to watch going forward

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The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan.

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The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s 2% goal.

from DailyFX – Market News https://bit.ly/3mfblQF
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German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures.

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The FTSE 100 has shared in a global move into riskier assets on hopes that China’s post-Covid economy is firing up

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