Gold prices may continue to recoup the losses from earlier this week as the precious metal snaps the recent series of lower highs & lows.
EUR/USD may threaten the monthly opening range ahead of the next ECB meeting on October 26 as the central bank shows a greater willingness to carry the QE program into 2018.
The combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
Gold prices are back on the defensive as Fed rate hike speculation heats up anew following last week’s respite. More of the same may be ahead, even without fresh catalysts.
The British Pound may rise as UK CPI data shows inflation continues to accelerate while testimony from BOE Governor Carney and two new MPC officials takes a hawkish tone.