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FX Updates for Jan 23rd 2023

Overview:  The greenback drifted off multi-month lows on Tuesday, whilst the yen hung close to seven-month highs as traders held their breath for a possible policy shift on the financial institution of Japan. The EUR/USD pair gained traction this week and rose above 1.0900 before retreating slightly in the early morning European market. Over the …

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Gold price outlook 

According to MKS PAMP metals strategist Nicky Shiels, the market is shifting as inflation fears give way to recession fears, with equity investors preferring cash to safe havens like gold.  Gold’s volatility has been low in comparison to other assets, as the precious metal maintains its “mild bull market” status and trades comfortably between $1,800 …

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