There’s a hint of dead-cat bounce around Gold’s Thursday pop as higher Treasury yields and a stronger Dollar continue to weigh on prices.

EUR/USD failed to hold onto early session gains surrendering the 1.0900 handle for a third successive day. A limited calendar over the coming days leaves EURUSD at the mercy of overall sentiment and the DXY.

ZAR prices found some respite today after a weaker dollar bolstered commodity prices alongside favorable South African building permits data.

The US dollar’s bullish trend eased while longer dated treasury yields continue to soar to impressive levels on the back of a hot US economy

The British Pound is holding its own against a resurgent US dollar and is pushing ahead against the Euro. Higher UK bond yields underpin the move.

The Yen continues to struggle with the FOMC minutes leaning on the hawkish side. USD/JPY and EUR/JPY bulls remain firmly in control despite the potential for short-term pullbacks.

​​Indices have seen further selling, with no end to the pullback yet in sight. ​

Gold prices look to recover after the recent sharp selloff but will need real yields to provide some assistance by pushing lower.

The Euro succumbed to US Dollar ascendency along with many other currency pairs and the dynamics coming out of China might have more legs yet. Will EUR/USD continue lower?