EUR/USD Faces Hurdles While Gold Extends Rally

BoJ meeting minutes summary keep the door open to a July rate hike Key data due this week, especially Friday’s Tokyo CPI Retail sales data to show consumer appetite Yen remains under pressure as officials avoid verbal intervention The BoJ is still willing to hike rates On June 14, the Bank of Japan kept its […]

Gold lost over 1% on Tuesday, its first daily decline after nine days of gains, six of which were all-time highs. Signs of consolidation were already evident on Monday and Tuesday, which began with a moderate decline, accelerated by the release of US inflation data. While the rush out of risk assets on this news […]

In focus today The most important data release today will be the US November Personal Consumption Expenditures (PCE). Consensus expects Core PCE inflation to have remained steady in m/m SA terms at +0.2%. Earlier CPI and retail sales data hinted that private consumption has likely continued growing modestly even in real terms. November durable goods […]