The US Dollar descent continued going into today’s much anticipated US CPI data point. The Japanese Yen has moved into the box seat with speculation of the BoJ shifting gears.

The gold price is inching higher while the US Dollar slides going into Tuesday despite several Fed speakers getting hawkish, mostly. Will Wednesday’s US CPI hold the keys to XAU/USD direction?

The crude oil price eased a touch today as it remains trapped in a range with soft Chinese data and Madame Secretary Yellen not ruling out a US recession. US CPI is now in view.

The crude oil price is scoping new highs as inventories drop and the US economy continues to track along at a clip with jobs data prompting a potentially more hawkish Fed. Where to for WTI?

Crude oil prices appear somewhat in flux as traders look to today’s OPEC+ gathering that could see some market-moving headlines. The Fed’s FOMC meeting minutes may also provide some volatility.

The gold price potentially reflects a holiday-impacted market with volatility easing across many asset classes. AUD/USD took a hit though when the RBA decided not to hike rates.

The Australian Dollar tried to rally today after a large beat on local data and China’s better-than-expected Caixin PMI read. The 4th of July holidays may see skittish trading conditions.

The Japanese Yen backed away from 145 against the US Dollar after some verbal intervention but interest rate differentials are reaccelerating in favour of USD. How high will USD/JPY go?

The Australian Dollar backed away from higher ground after the US Dollar ascendency got back on track as markets digest the Federal Reserve’s prospective rate path. Where to for AUD/USD?

The Euro backed away from the overnight peak against the US Dollar as markets wait with bated breath for the ECB’s much-anticipated gathering of central bank big guns. Where to for EUR/USD?