Gold, XAU/USD, US Dollar, China, Yuan, Treasury Yields, DXY Index, GVZ – Talking Points The gold price headwinds persist as Treasury yields push higher, boosting USD The PBOC has adjusted policy as the outlook for China faces challenges Volatility remains low but has inched up slightly. If it goes higher, where to for XAU/USD? Trade
Share: EUR/GBP declined for a second consecutive day, and fell towards 0.8605, below the 20-day SMA. All eyes are now on labour market and inflation data from the UK. The Eurozone will release its preliminary Q2 GDP report on Wednesday. At the start of the week, the EUR/GBP fell below the 20-day Simple
Share: USD/CAD bulls got rejected at the 200-day SMA and retreated near the 1.3420 area, still poised for a weekly gain US PPI rose to 2.4% YoY in July, higher than expected. Higher Oil prices help the CAD trade strong against most of its rivals. At the end of the week, the USD/CAD
© Reuters. FILE PHOTO: People walk along an elevated walkway at the Pudong financial district in Shanghai November 20, 2013. REUTERS/Carlos Barria/File Photo By Samuel Shen and Tom Westbrook SHANGHAI/SYDNEY (Reuters) – Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy
Share: USD/CAD loses momentum following the Federal Reserve (Fed) meeting. The Fed hiked its rate by 25 basis points (bps) to a target range of 5.25%–5.5%. Market players anticipated that the BoC will likely not see the need to raise rates further this year. Investors await preliminary Q2 US GDP growth. The USD/CAD
