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Gold Prices Approach Potential Support as US Dollar

Gold Prices Approach Potential Support as US Dollar

NZD: Visitor Arrivals m/m, it measures change in the number of short-term overseas visitors who arrived in the country.

GBP: BRC Retail Sales Monitor y/y, it measures change in the value of same-store sales at the retail level.

JPY: PPI y/y, it measures change in the price of goods sold by corporations.

JPY: PPI y/y, it measures change in the price of goods sold by corporations.

AUD: Westpac Consumer Sentiment, it measures change in the level of a diffusion index based on surveyed consumers.

AUD: NAB Business Confidence, it measures level of a diffusion index based on surveyed businesses, excluding the farming industry.

GBP: MPC Member Cunliffe Speaks, BOE MPC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy

EUR: ZEW Economic Sentiment, it measures level of a diffusion index based on surveyed German institutional investors and analysts.

EUR: German ZEW Economic Sentiment, ZEW Economic Sentiment, of a diffusion index based on surveyed German institutional investors and analysts.

EUR: German Buba President Nagel Speaks, ECB Governing Council members vote on where to set the Eurozone’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

USD: NFIB Small Business Index, it measures level of a composite index based on surveyed small businesses.

GBP: BOE Gov Bailey Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

USD: 10-y Bond Auction, Yields are set by bond market investors, and therefore they can be used to decipher investors’ outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence.