Gold Price Holds Key Support Ahead of a Big Week for Global Markets
Gold prices softened with the Friday rally in the US Dollar; but the US currency will remain on center-stage this week around FOMC and CPI.
Euro, USD May Fall if Trade Wars Inspire ECB, Fed Rate Cuts
The Euro and US Dollar may fall if escalating US-China and EU-US trade war risks inflame ECB and Fed rate cut bets beyond this week’s rate decisions from both central banks.
Canadian Dollar, BoC Outlook Jawboned by Jobs Data. Yen May Fall
The US Dollar rose versus the Canadian Dollar as both currencies received starkly contrasting jobs data. USD/CAD saw its largest daily gain since October. Ahead, the Yen may weaken.