FED MINUTES The U.S. dollar, as measured by the DXY index, was modestly higher on Wednesday, attempting to end a 5-day losing streak. Against this backdrop, both EUR/USD and AUD/USD traded with a negative bias, unable to sustain their recent upturn in a sign perhaps of market exhaustion. In other developments, the publication of the
Gold just flew to the moon and back! What a wild roller coaster ride but traders are likely wondering what’s next for the precious metal. More bearish momentum ahead or will the technical area draw in buyers once again? Gold (XAU/USD) 1-hour Chart by TradingView In the world of trading, imagine the gold market on
The strike by the US United Auto Workers is ongoing. The latest is that the union is rejecting an offer from one of the Big Three automakers, Chrysler parent Stellantis, for a 21% wage increase: a cumulative 21% wage increase with an immediate 10% increase upon a formal agreement. The union is seeking a four-day
USD/JPY ANALYSIS USD/JPY rose to multi-month highs during Tuesday’s European session, but erased gains and reversed course sharply following weak and lackluster U.S. economic data. By late afternoon, the pair was losing 0.35% to trade at 146.00, after reaching a peak of 147.37 in the morning. Earlier in the day, the latest consumer confidence survey
Share: USD/CAD reversed its course during the American session and got rejected by the 100-day SMA, falling to near 1.3335. NFPs showed that job creation in July cooled down while wages increased. Canada reported soft labour market and economic activity figures. On Friday, the USD/CAD cleared daily gains and fell into negative territory
