GOLD PRICE FORECAST Gold prices lack direction, languishing near the lowest level since August 29, as traders await new data The August U.S. inflation report, due for release next Wednesday, may be an important catalyst for precious metals This article looks at key XAU/USD’s technical levels that may come into play in the near term
Gold price pause droping today , it touch the Boll bands middle line, because the USD Index still at a very strong situation, the market data shows that the FED is still gona raising interest rate in near future. As the USA finacial data is so strong. such as the USA PMI raise to 54.5,
© Reuters. LONDON (Reuters) – Morgan Stanley’s analysts returned to a ‘bearish’ stance on emerging market FX on Tuesday, predicting China’s economic strains would continue to push down its currency and flagged the growing set of developing countries also now cutting interest rates. “We expect more CNH (yuan) weakness, and China macro risks add to
Share: The Pound Sterling faces significant pressure as the BoE appears to be reluctant to raise interest rates further. BoE Swati Dhingra said that the current interest rate policy is sufficiently restrictive. The UK services sector shrinks after six months of expansion as consumer spending weakens. The Pound Sterling (GBP) cracked significantly amid
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RAND TALKING POINTS & ANALYSIS • Hawkish US data has overshadowed optimistic SA releases. • Fed officials under the spotlight today. • Trendline support in question as trade week draws to a close. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter
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USD/CAD Analysis Slowing Economy Weighs on Future Monetary Policy Guidance The surprise economic contraction experienced in Q2 reflects the tightening of financial conditions in Canada as a result of historically fast acceleration in the benchmark interest rate. Q2 revealed declining growth which, when annualized as a percentage, represents a yearly decline of 0.2%. However, the
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