#AAresearchFX #XAUUSD INVERSE CORRELATION TO #DXY
U.S. Dollar Currency IndexTVC
Description
⋅ FUNDAMENTAL ANALYSIS:
The Fed interest rate announcement today will set the inverse trend pace between gold (XAUUSD) and the US dollar (DXY)
* The Fed leaving interest rate unchanged set the tone for possible rate cut in coming months.
* The Fed is expected to cut interest rate at least two times by end of 2019.
* Gold trends upward which in effect negates the value of the US dollar.
* Gold uptrend is as a result of investors choice to consider the precious metal as a safe haven to store wealth