Forex Signals Brief May 12: Markets Focus on US Inflation and Trade Deals This Week

After positive news from US-China negotiations, markets are focused on trade deals this week, as well as US CPI inflation.

UK stocks and GBP under scrutiny today

Quick overview

  • Gold prices have retreated from record highs due to renewed trade optimism, settling around $3,300 per ounce.
  • The USD/JPY pair has rebounded, supported by dollar strength, recovering from the critical 140.00 level.
  • Bitcoin has surged above $100,000, driven by positive sentiment from trade developments, while Ethereum has rebounded following a significant network upgrade.
  • Central banks are adjusting policies, with the Federal Reserve maintaining rates amid economic uncertainties and the Bank of England implementing a surprise rate cut.

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After positive news from US-China negotiations, markets are focused on trade deals this week, as well as US CPI inflation.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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