Gold Upbeat Ahead of Another Inflation Update from the US
XAU/USD rebounds after its poor weekly start, as the greenback faces headwinds and markets prepare for today’s US Consumer Price Index
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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XAU/USD rebounds after its poor weekly start, as the greenback faces headwinds and markets prepare for today’s US Consumer Price Index
The German index made a poor start to the week with two-month lows but then rebounded and is supported today, as market sentiment seems to be in a good place
The index is harmed by the Fed’s aggressive tightening path and recent underwhelming tech sector earnings, but rebounds today after hitting the lowest level since November 2020
Markets seem to tread water amidst lack of catalysts and ahead of the release of the US consumer price index (CPI) tomorrow, with the pair finding support today
The G7 countries pledged over the weekend to phase out Russian oil, while in speech earlier today, Mr Putin did not announce any major policy changes
The pair comes from an impressive nine-week profitable streak and starts the new one in the offensive, clinching new twenty year highs
The week of May 02-06 marked another busy period, as we had many firms reporting the financial results, including Airbnb, German automaker BMW, European planemaker Airbus, ride-hailing rivals Uber and Lyft and more
The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops
The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
The central bank delivered its fourth interest rate increase in a row, in order to combat surging inflation and sees more hikes ahead
The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US
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