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Gold back up to $1900

“Wealth consists not in having great possessions, but in having few wants.” – Epictetus




Wall Street dips as investors eye inflation clues

Wall Street's main indexes held close to the unchanged mark on Tuesday, oscillating between minor gains and losses following a rally in the prior session as investors continue to try and assess the trajectory of inflation. (Reuters)


U.S. yields lower amid strong demand for two-year note auction


U.S. Treasury yields fell to fresh multi-week lows and the yield curve flattened on Tuesday as an auction of two-year notes attracted solid demand from the market. The benchmark 10-year Treasury yield fell to its lowest level since May 10 at 1.564% following the auction. (Reuters)




Dollar Slips, but Bearish Bets Running Out of Steam

The dollar slipped against its rivals Tuesday, but the short dollar trade is running out of steam as traders appear to be taking profit on their bearish bets.

The pause in the short dollar has been evident in recent positioning data showing that the traders were reining in their bearish bets on the greenback following stronger April U.S.  inflation data. (


EUR/USD Forecast: Bulls eyeing a retest of the year’s high


The EUR/USD pair topped 1.2266 this Tuesday, its highest since January, as the greenback eased alongside government bond yields, while the shared currency appreciated on the back of mixed German data. (FX Street)


Canadian dollar lags G10 peers as greenback falls


The Canadian dollar edged lower against its broadly weaker U.S. counterpart on Tuesday as domestic data showed a likely drop in manufacturing sales in April, with the currency remaining capped by last week's 6-year high. The loonie was trading 0.2% lower at 1.2060 to the greenback, or 82.92 U.S. cents, the biggest decline among G10 currencies. (Yahoo Finance)



Gold Hits $1,900 High for First Time in 20 Weeks

Gold hit $1,900 highs on Tuesday for the first time in 20 weeks as retreating U.S. bond yields and the dollar helped the yellow metal reach a pivotal place for longs in the yellow metal hoping to reprise last year’s all-time peaks. (


Oil edges up as rising demand offsets Iran supply worries


Oil prices edged higher on Tuesday as rising demand from the approach of the Northern Hemisphere's summer driving season and lifting of coronavirus restrictions offset worries that Iran's possible return to the market will cause supplies to jump. (Reuters)




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Reserve Bank of New Zealand Preview - ANZ

“We are now forecasting the RBNZ to begin raising the OCR in August 2022, with gradual but steady increases thereafter taking the OCR to 1.25% by the end of 2023. In the May Monetary Policy Statement, the RBNZ will again revise up its forecasts for GDP, employment and inflation. However, consistent with its ‘least regrets’ approach we expect the RBNZ will continue to signal that removal of policy stimulus remains a long way off.

We expect the forecastOCR track (assuming it’s published) to suggest perhaps the second half of 2023 for OCR lift-off. We do not expect any changes to the LSAP or FLP programmes. Markets are likely to seize on any change in language or forecasts in a less-dovish direction.”



Swiss Market Index – Daily Candlesticks

Source: GKFX Prime Metatrader 4 

SMI20 broke out to a fresh record high after recouping all of its pandemic-induced losses. - Prepared by Trading Writers*


*Times in GMT


Source: FX Street Economic Calendar




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