Gold forecast: Breakdown below key support shifts the near-term outlook
Gold was bouncing off earlier lows at the time of writing, but the downside risks remain. The metal has come under strong pre.
New York Fed Reports Lowest Positive to Negative Financial Outlook Ratio Since October 2022
The New York Federal Reserve reported that the ratio of positive to negative financial outlooks in May has fallen to its lowest level since October 2022, indicating increased economic uncertainty among respondents.
New York Fed Reports Mixed Expectations for May Job Market Outlook
The New York Federal Reserve has released a report indicating mixed expectations regarding the job market outlook for May. This suggests uncertainty among employers and workers about employment trends in the near term.
New York Fed Forecasts 5% Rise in Gasoline Prices for May
The New York Federal Reserve predicts a 5% increase in gasoline prices in May, slightly lower than the 5.1% rise observed in April. This forecast indicates a modest slowdown in the rate of gasoline price inflation.
New York Fed Reports Stable Five-Year Inflation Expectations at 3.0% in May
The New York Federal Reserve's latest report indicates that inflation expectations over the next five years held steady at 3.0% in May, showing no significant change. This stability suggests confidence in the medium-term inflation outlook among market participants.
New York Fed Reports Steady Three-Year Inflation Expectations at 3.1% in May
The New York Federal Reserve announced that three-year inflation expectations remained unchanged at 3.1% in May, indicating stable inflation outlooks over the medium term. This stability may influence monetary policy decisions and market sentiment.
New York Fed Lowers One-Year Inflation Expectation to 3.5% in May
The New York Federal Reserve has revised its forecast for one-year inflation, expecting it to decline to 3.5% in May from 3.6% in April. This slight decrease indicates a modest easing in inflationary pressures over the short term.
Silver Price Analysis – Silver Continues to See Interest Rate Sensitivity
Silver continues to hang around the crucial 200-day EMA on early Monday, as traders are on the precipice of defining the longer-term trend it seems.
GBP/JPY, EUR/JPY and AUD/JPY Forecasts – Japanese Yen Continues to Face Pressures
The Japanese yen continues to face a lot of pressure at this point in time, even though the Bank of Japan is expected to raise rates another 25 basis points.
GOLD May Take a Breather Above Bear-Channel Support Line to Position for Fresh Push Lower
Gold remains firmly in red on Monday and hit 2 ½ month low on Monday, in extension of Friday's 3.2% drop (the biggest daily loss since March 19).