Russian Gas Flows, ECB Anti-Fragmentation Tool and Italian Politics Take Focus

The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action.

The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then?

The Euro is facing a week full of high-risk events and the single currency is looking at the ECB for stability and guidance on Thursday. Expect further EUR/USD volatility.

Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline.

The US Dollar rose after a red-hot US CPI report bolstered Fed rate hike bets. The Bank of Japan and European Central Bank decisions appear likely to leave the Yen and Euro vulnerable to further do…

Bitcoin, Ethereum and their alt coin counterparts have rebounded despite the shocking US CPI print dented sentiment further. BTC/USD remains above $20,000 despite fundamental risks.

The Reserve Bank of Australia (RBA) Minutes may do little to influence AUD/USD as the central bank appears to be on a preset course in normalizing monetary policy.

The race for Prime Minister heats up on Friday ahead of the 5 candidate TV debate. Elsewhere, UK CPI and unemployment data to confirm or obfuscate positive GDP data

As anticipated in the Q2’22 gold forecast, the main catalyst that drove gold prices higher in Q1’22 – the Russian invasion of Ukraine – proved to be a short-lived catalyst.