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Watch today’s US Open for commentary on the latest data from the US, the pandemic situation in China and the RBA rate hike to the highest levels in ten years

The pair finds support after its poor start to the week, as the RBA kept the door open to more rate increases, while markets continue to assess the Fed’s path and monitor the pandemic news form China

The past month was the best since April 2021, as the metal was boosted by hopes of easier Covid-19 policies in China and prospects of a less aggressive Fed

XAU/USD runs a profitable week helped by softer US PCE inflation and Mr Powell’s signal for smaller rate hikes, but eases today ahead of the US Employment Report

Watch today’s US Open for commentary on the prospects of a less aggressive Fed, following Mr Powell’s speech and the softer PCE Inflation figures, as well as the impact on Wall Street and the greenback

November was the pair’s worst month since 1984 due to expectations for a moderation in the rate hike pace by the Fed, which were reinforced by Chair Powell’s speech on Wednesday

Wall Street rallied on Wednesday, after Mr Powell’s remarks cemented market expectations for a smaller hike by the Fed, but steadies today ahead of the PCE Inflation update

The pair heads towards its best month of the year, but faces difficulties this week, as markets contemplate China’s Covid-19 situation and poor PMIs, ahead of key US economic data

Watch today’s US Open for commentary on the latest markets themes and the technical outlook of EUR/USD, SPX500 and other assets

The US index slumped yesterday, due to broader risk-off mood and hawkish Fed commentary, but finds support today as sentiment improves

Market sentiment is downbeat at the start of the week, mostly due to renewed China pandemic woes, sending the pair lower