The gold price is pressing overnight highs as the US Dollar struggled to get a grip and CPI data revealed growing price pressures down under. How high can gold go?

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From a trader’s perspective, what should be interpreted from a market that earns a technical break but then fails to generate the follow through that such a move would suggest? The S&P 500 has definitively cleared 4,000 but there was no follow through this past session. Can MSFT earnings or the forthcoming US GDP change the tempo?

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The Australian Dollar leapt higher immediately after headline CPI printed at 7.8% year-on-year to the end of December and might ask some questions of the RBA. Will AUD/USD rally?

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Microsoft, the United States’ second largest company by market cap reported a mixed set of earnings after the close. Nevertheless, MSFT shares traded as much as 5 percent higher after the close, closing in on the closely observed 200-day moving average. Could this provide the charge needed to overcoming speculative gravity?

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The US Dollar continues to hold very near eight-month-lows and Friday brings a key inflation print to markets with the release of Core PCE.

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