GOLD ANALYSIS & TALKING POINTS Gold being weighed down by aggressive monetary policy and dwindling inflation. Jobless claims data will give further insight into US labor market. Falling wedge give bulls hope. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold prices have been on the backfoot since mid-July as the
Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the S&P 500 just keeps on falling with very shallow pullbacks. One of the main reasons might be the non-stop rally in long term yields and real yields as it makes financial
Canadian Dollar, USD/CAD, Technical Analysis, Retail Trader Positioning – IGCS Update Canadian Dollar depreciated to its weakest level since late May Retail traders have been increasing USD/CAD downside bets Alongside technical cues, positioning supports a bullish bias Recommended by Daniel Dubrovsky What is the outlook for the US Dollar? The Canadian Dollar continued its losing
Euro, EUR/USD, US Dollar, Fed, FOMC, Treasury Yields, China, Debt Default- Talking Points Euro bearishness appears intact for now as the US Dollar roars The trend in EUR/USD remains in play but a break above 1.1000 could change that If Treasury yields keep rising on official selling, will that sink EUR/USD? Trade Smarter – Sign
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© Reuters Investing.com – The U.S. dollar edged lower in early European trade Wednesday, handing back recent gains ahead of the release of minutes from the last Federal Reserve meeting, while sterling gained despite U.K. inflation slowing sharply. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other
Share: NZD/USD takes offers to refresh yearly low during eight-day downtrend. Oversold RSI, key technical levels can challenge Kiwi bears. Corrective bounce can aim for May’s bottom but remains elusive below 0.6045. NZD/USD bears keep the reins for the eighth consecutive day as they refresh the yearly low to 0.5902 amid early Thursday.
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GOLD PRICE FORECAST: Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: USD/CAD Retreats Following Hot Canadian Inflation Data Gold prices continue to hover around the $1900 support handle following a brief push lower yesterday. Sellers were unable to maintain the momentum however, with the precious metal closing just above the $1900 mark