Hawkish Fed minutes could strengthen USD, dovish BoE hints could boost euro, mixed economic data leaves impact unclear, FOMC minutes release today holds the most weight.
The latest fundamental market analysis for major currency pairs, metals, commodities, and cryptocurrencies.
Financial markets wait cautiously: EUR treads water, gold cautiously shines, stocks mixed, loonie waits, USD holds ground, all awaiting key data later this week.
Euro weakened against Dollar on hot US inflation data, but technical signals suggest near-term recovery while ECB stance and broader factors create uncertainty; Dollar rallies on data and awaits key events for further direction
Despite a glimmer of growth in industrial production, the Eurozone’s stagnant Q4 performance and hawkish but cautious ECB leave the Euro vulnerable to a stronger US Dollar fueled by higher inflation data.
Despite steady inflation expectations, US consumers and gold prices remain nervous ahead of crucial inflation data and potential Fed hawkishness.
Gold prices remained largely confined within a narrow range despite the positive news of lower US inflation.
Risk Appetite Returns: Global markets swung towards riskier assets on Wednesday, February 7th, as evidenced by a rise in major equity indices and a corresponding decline in demand for safe-haven currencies like the USD.