Markets

Initially, the price of gold was reluctant to go lower due to the big surprise in US retail sales. Gold

US industrial production was unchanged in January. The Dollar Index posts strong daily gains around 104.00. The US Federal Reserve

AUD/USD is again approaching its monthly low amid strong tracking of USD buying. Upbeat US macro data reaffirms hawkish Fed

EUR/USD gives way after failing to break above the 1.08 level. The Scotiabank economists expect the pair to test Monday’s

The New York Fed’s Empire State Manufacturing Index rose in February but remained in negative territory. The Dollar Index posts

The index maintains erratic activity around 103.00 so far. The monthly high near 104.00 continues to limit the upside. The

The US retail sales have grown 3% monthly in January, surpassing the estimated 1.8% increase and improving on December’s 1.1%

EUR/USD loses some of the recent 2-session gains on Wednesday. Once the monthly low is broken, the downtrend will continue.

GBP/USD is again approaching the weekly low and is being pressured by a combination of factors. Softer-than-expected UK CPI data

The price of gold weakens near its lowest level since January amid sustained buying of the US dollar. US CPI