Gold, silver slammed as hawkish Fed repricing reignites dollar upside
Gold and silver had held up surprisingly well against surging US yields. Wednesday’s DXY breakout may have changed that equation.
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GBP/USD forecast: US dollar surges as bonds implode
The US dollar continued to press higher deep into the European session, supported by the slump in the bond markets as yields broke out across the curve. Following the recent hawkish Fed rate hike, yield spreads between the US and the rest of the world has continually increased, and that motion continued today, helped in part by some forecast-beating US macro data and hawkish Fed commentary.
Gold Analysis: Rising Yields and Dollar Strength Weigh on XAU/USD
The trading week continues, and for now gold remains under notable pressure in the short term. This can be seen in the performance of XAU/USD over the last three trading sessions, where the metal has declined by more than 2.00%, bringing a bearish bias back into focus after it had lost momentum in recent weeks.
NZD/USD: US yield advantage keeps pressure on the Kiwi
NZD/USD has become unusually sensitive to relative front-end rates, with the US two-year yield advantage now near historically extreme levels.
EUR/USD outlook: Hawkish Fed puts euro on the ropes
The Fed delivered a unanimous hike, stronger economic projections and a more hawkish dot plot, giving markets little reason to unwind aggressive tightening bets and keeping the dollar firmly supported.
USD/JPY outlook: Central bank guidance key with a dash of Japanese fiscal pressure
The usual USD/JPY rates relationship broke down sharply earlier this month, but with speculative shorts flushed out and Japan’s curve re-steepening, the pair heads into the Fed and BOJ with far more two-way risk.
Gold, silver squeezed by yields as dollar threat lies dormant
Gold and silver are feeling the full force of surging US yields, but the dollar’s failure to join in may be saving them from an absolute drubbing.
Fed tightening cycles and the US dollar: what history shows
From 1994 and 1999 through to the dollar surge of 2022, history shows Fed tightening has produced very different outcomes for DXY.
Gold weathers violent rates move ahead of US CPI
Gold’s traditional macro headwinds are firmly back in play, yet the scale of the damage remains limited relative to the size of the rates shock.
USD/JPY Outlook: Bulls get a lifeline from the bond bloodbath
A rare surge in US-Japan yield spreads has failed to lift USD/JPY, but with bond yields still rising and the pair printing a bullish engulfing candle, reversal risk is rising.
Bessent’s buybacks: Will Treasury reignite the dollar debasement trade?
Gold and Bitcoin surged when Treasury first flagged larger long-dated Treasury buybacks in August, while USD/JPY fell sharply. Today’s announcement could determine whether we a resumption or reversal of those moves.
EURUSD Analysis Euro Loses Momentum Following the US PCE Release
Today's session has not been particularly favorable for the euro. Recent EUR/USD price action shows a decline of approximately 0.2% in favor of the U.S. dollar, a move largely driven by the release of the U.S. PCE inflation report and the recent recovery seen in the bond market.
AUD/USD slips as DXY ignores the playbook
The US dollar moved against its recent macro playbook on Monday. AUD/USD paid the price, although bulls still hold the upper hand.