Developments in China could be the key to gold ahead of the FOMC The price of gold recently rose to a 5-month high of $1800 and may continue to gain momentum in the near term. The ounce of gold is supported by the easing of health restrictions in China and the prospect of a slowdown … Read more
PCE inflation and Powell are likely to be key for Wall Street this week Selling pressure may resurface in global equity markets this week as the outlook continues to deteriorate in China. The impact of the zero-covid policy appears to be intensifying on the Chinese economy, as the profits of the country’s industrial companies fell … Read more
The next economic data will be decisive for the price of gold The price of gold may regain the upper hand in the near term as it returns to test key support at $1730 and bond yields may continue to fall. Long-term interest rates have been falling since the end of October and may continue … Read more
The CAC 40 is marking time as they await PMIs, PCE inflation and Fed speeches The CAC 40 has stalled since last week after climbing to a 7-month high, slightly above peaks in June and August, thanks to investor speculation about less aggressive Fed tightening. However, the market may resume the downward path in the … Read more
USD/JPY stabilizes after US inflation-driven decline The price of USD/JPY has fallen in recent weeks to retest major support at 139. Despite the monetary policy differential in favor of the dollar, USD/JPY is down 8% since its peak on October 21 following some less hawkish rhetoric from some Bold members and encouraging signs of inflation. … Read more
The ECB may tighten its tone in light of the growing risk of an inflationary spiral The EUR/CHF price may rise above parity in the coming weeks after failing to recover above this threshold at the end of October. In fact, the ECB may be even more hawkish in the coming weeks despite the rising … Read more
Inflation figures will be decisive in the short term for Wall Street The New York Stock Exchange resumed its downtrend yesterday after a few rebound sessions. The tighter-than-expected outcome of the midterm elections, the downturn in the crypto market and the disappointing quarterly results for Walt Disney (-13.2%) and a number of growth stocks such … Read more
Wall Street recovers as inflation numbers await The New York Stock Exchange rises, with the S&P 500 and Russell 2000 up nearly 2% since Thursday, benefiting from a mixed jobs report and statements from some Fed members. Job creation came in well above expectations with 261,000 against an expected 200,000, but unemployment rose more than … Read more
GBP/USD could break out from the bottom of its ascending triangle From a technical analysis perspective, the underlying trend of GBP/USD has undoubtedly been bearish since last year as evidenced by the 200 session moving average, but in the short term the exchange rate appears to be moving in what looks like an ascending triangle. … Read more
GBP/USD could break out from the bottom of its ascending triangle From a technical analysis perspective, the underlying trend of GBP/USD has undoubtedly been bearish since last year as evidenced by the 200 session moving average, but in the short term the exchange rate appears to be moving in what looks like an ascending triangle. … Read more
