Eco releases remain second tier today, but the number of central bank speakers increases with especially Fed Waller discussing the US economy. Waller was one of the first and most prominent (rumoured candidate as next Fed chair) Fed-members to talk out in favour of keeping rates higher for longer.
Asian shares stay calm despite the S&P 500 hitting a new high. The US dollar holds firm post comments from the Federal Reserve's Waller. Attention turns to possible yen intervention by Japan, while gold prices decline. Investors await updates on US consumer confidence and UK Q4 GDP.
Gold Price Forecast: XAU/USD eyes daily close above $2,200 for a sustained uptrend fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
This hope for evidence de facto won’t be evident as base effects suggest a further upward drift in inflation in the next five months. A first Fed rate cut in June seems highly premature. US yields this morning add between 4 bps (2-y) and 0.5 bps (10-y).