EUR/USD, AUD/USD, USD/CAD, Gold and Silver analysis – May 14, 2024

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In the US, softening economic data have helped to put back rate cuts on the table, although concerns about sticky nature of inflation remains ahead of the release of US CPI data on Wednesday. We are eyeing a potential breakout above the 0.6650, to confirm our short-term bullish view on the AUD/USD.