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Gold Price Recovery Runs Out of Steam as Red-Hot US Jobs Data Boosts Yields

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GOLD PRICES FORECAST: Gold prices retreat as Treasury yields charge higher following solid U.S. payrolls data The U.S. economy added 339,000 jobs in May, topping estimates by a wide margin The strong and resilient labor market could nudge the Fed to continue hiking interest rates heading into the summer Recommended by Diego Colman Get Your …

Gold Price Recovery Runs Out of Steam as Red-Hot US Jobs Data Boosts Yields Read More »

USD/CAD Rally Gathers Steam Following Wedge Breakout

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USD/CAD PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 2023 USD Forecast MOST READ: USDCAD Offers a More Direct Contrast on Rates Post-Fed USD/CAD FUNDAMENTAL OUTLOOK USD/CAD has continued its upside move today amid a strong follow through from the dollar index. The European session saw gains capped as WTI oil …

USD/CAD Rally Gathers Steam Following Wedge Breakout Read More »

S&P 500 and Nasdaq 100 Lose Bullish Steam, but Rally May Still Have Legs to Run

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US STOCKS OUTLOOK: The S&P 500 and Nasdaq 100 post modest losses on Thursday after a positive performance at the cash open Cautious traders appear to be taking profits on fears that the recent rally had gotten ahead of fundamentals Economic data on the inflation and growth front will be key for stocks going forward …

S&P 500 and Nasdaq 100 Lose Bullish Steam, but Rally May Still Have Legs to Run Read More »

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