Gold Price Outlook: XAU Prices Coiling for Potential Move on US Inflation Data?
Gold prices are rather calm as bullion traders await US inflation data. That may shift inflation expectations and gold-sensitive breakeven rates.
Source: dailyfx.com
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Top News In Technical Forecast Today - Breaking & Trending Today
Crude Oil Drops a 6th Straight Week Amid Extreme Volatility
Crude oil managed to stabilize its dramatic bearish trend this past week, but the current continues to carry the commodity lower. The tipping point for this commodity stands very prominently at 62....
Source: dailyfx.com
Chinese Yuan Forecast: USD/CNH Eyes PMI Data as Prices Gyrate Near 2021 Low
The Chinese Yuan weakened versus the US Dollar overnight, but PMI data out of China and Hong Kong may influence USD/CNH in today's APAC session.
Source: dailyfx.com
Crude Oil Forecast: OPEC+ on Tap as Prices Languish Below Key Moving Average
Oil prices fell sharply in November as a myriad of factors weighed on prices. OPEC+ is meeting this week and the cartel is likely to take a cautious approach until the Omicron threat is further ass...
Source: dailyfx.com
AUD/USD May Rise After PMIs Reveal Robust Recovery as Vaccination Rates Swell
AUD/USD may rise after PMI data showed robust growth in Australia amid surging vaccination rates. That follows a tough overnight session when the US Dollar surged on Biden's Fed announcement.
Source: dailyfx.com