Gold and silver bounce higher from stern levels of support as the US dollar heads lower. Levels to watch going forward

The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan.

The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s 2% goal.

German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures.

The FTSE 100 has shared in a global move into riskier assets on hopes that China’s post-Covid economy is firing up

GBP/USD remains caught between significant areas of support and resistance. Meanwhile UK mortgage data continues to struggle declining for a 5th consecutive month.

Brent crude and WTI crude oil have benefitted from a risk on sentiment through positive Chinese manufacturing PMI data alongside a softer US dollar.

The Australian Dollar dipped under 67 cents after fourth-quarter GDP data missed estimates but saw some upward revisions to previous quarters. Where to for AUD/USD?