Intervention risk supports against US Dollar – Commerzbank

Michael Pfister highlights that comments from the US Treasury Secretary about having “asymmetric information” on Bank of Japan (BoJ) moves are intended to deter speculative positioning for further Japanese Yen (JPY) weakness. While an interest rate hike next week is fully priced and further tightening expected, he warns that high expectations limit upside for the […]

Gold holds steady above $4,400 as traders await US inflation data

Gold (XAU/USD) attracts some buyers after a modest Asian session dip to sub-$4,400 levels. The upside, however, seems limited as traders might refrain from placing directional bets ahead of US inflation figures. The US Producer Price Index (PPI) report will be published later this Thursday, while the US Consumer Price Index (CPI) is due on […]