Richard Snow

Markets now fully price in a rate cut from the Fed as soon as September after US CPI continued to show progress. The dollar-based commodity has a new all-time high in sight

Discover how gold prices are influenced by Fed rate cut expectations amid lower US CPI data. Understand key factors affecting the precious metal's bullish outlook.

Bank of Japan discussed the weaker yen and timely hike, but the committee strikes slightly hawkish tone; USD/JPY comes perilously close to the significant 160 mark and US PCE is a major risk event for the week.

USD/JPY approaches critical 160 mark amid BoJ discussions on a rate hike. The yen's performance continues to decline, raising FX intervention fears. US PCE data in focus.

OPEC+ extends production cuts into 2025 with voluntary cuts to taper off from October this year and the oil market seeks to halt recent declines on tighter supplies.

Japan’s headline inflation dropped to 2.5% in April, with the core measure also showing declines. This comes as the Bank of Japan faces the challenge of hiking rates amidst weak economic data and inconsistent inflation patterns.

Gold hit a new peak at $2431 but retracted after Fed officials signaled no imminent rate cuts. Fed comments on inflation adjusted market expectations, creating headwinds for precious metals.

The anticipated drop in UK’s CPI data for April is a key determinant for a potential interest rate cut in June by the Bank of England.

Gold and silver prices start the week with lower volatility. Key US CPI data and Jerome Powell’s speech may impact precious metals as traders watch for inflation signals.

Rising US employment costs elevate the dollar, amplifying expectations of prolonged high rates pre-FOMC, impacting oil market outlooks.