Phil Carr
The Gold & Silver Club
Summary
Join professional traders Phil Carr and Nik Kalsi of The Gold and Silver Club as they review the latest developments in the commodities markets and analysis the week’s performance. This live session will cover: · End of week summary for Gold, Silver and Oil · The top trades of the week · Live market commentary and technical analysis · Week Ahead: Key events looking forwardLatest Live Videos
Editors’ Picks
EUR/USD stays in daily range near 1.0800 after US PPI data
EUR/USD continues to fluctuate at around 1.0800 in the second half of the day on Tuesday. The data from the US showed that the annual producer inflation rose to 2.2% in April as expected, helping the USD stay resilient against its rivals and limiting the pair's upside.
GBP/USD holds steady at around 1.2550 ahead of Powell speech
GBP/USD struggles to build on Monday's gains and trades near 1.2550 on Tuesday. The UK data showed that the Unemployment Rate edged higher to 4.3% in the three months to March as forecast. Meanwhile, annual producer inflation in the US rose to 2.2% in April.
Gold clings to daily recovery gains above $2,340
Following Monday's decline, Gold stabilizes in positive territory above $2,340 on Tuesday. The benchmark 10-year US Treasury bond yield stays below 4.5% after April producer inflation data, allowing XAU/USD to hold its ground.
Ethereum knocking at support’s door
Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion, but growth exceeded 2% for most of the period. However, it dipped at the start of active European trading, temporarily returning to levels of a day ago.
Entering a crucial run of data for financial markets
We are entering a crucial period for financial markets and forecasters as Americans' near-term inflation expectations rise again. Upcoming reports on the CPI and PPI for April, along with new data on retail sales and industrial production, will provide valuable insights.