U.S. data releases are unlikely to have a major impact during the coming week, with expectations of another very robust reading for Tuesday's consumer confidence release. The most important releases will be on Thursday, with the latest jobless claims and Chicago PMI data giving fresh insight on underlying trends. The core PCE prices index will also be watched closely given the ongoing focus on inflation trends. The data have been in line with consensus expectations over the past few months, limiting the impact, but an erratic reading would trigger a jolt to markets.
Gold Price Forecast: Correction Dependent on Risk Recovery
Trade developments, risk appetite and position adjustment are liable to dominate the gold price discussion during the week ahead, with the U.S. interest rate debate on hold for the very short term. Gold moved lower during the first half of the past week before reversing and posting significant net gains – with five-week highs near $1,350 per ounce – under the influence of a sharp deterioration in risk appetite.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419