EUR/USD is displaying back and forth moves in a 1.0188-1.0194 range as investors await US CPI.Fed policymakers need a series of declines in inflation rates rather than a one-time slowdown.The German HICP is expected to remain unchanged at 8.5%.
The days of ultra-low interest rates, low inflation, and supersized stock market returns are over, a BlackRock strategist has said.Nigel Bolton said investors can now expect higher inflation, higher rates, and more volatile financial markets.He said the last 10 years have been unusually good for markets, and now they're returning to something closer to normality.
Gold prices have been pushed and pulled on Wednesday, oscillating in and out of the hands of bulls and bears. At $1,765, the yellow metal is trading between $1,754.35 and $1,772.83, trading in the green by some 0.27%. In futures, gold for December delivery closed down US$13.30 to settle at US$1,776.40 per ounce as US bond yields rose along with the greenback....
While the Dollar stop from falling and starting to rally,, Gold weakness has shown and sellers starting to panic...
Gold price (XAU/USD) has shifted into a correction phase after a juggernaut rally from yearly lows near $1,680.00 on Tuesday. The precious metal has plunged to near $1,760.00 as investors preferred the US dollar index (DXY) a better investment option after the market sentiment turned sour. The visit of US House Speaker Nancy Pelosi to Taiwan to support their local...
Gold price seems positioned for a renewed upswing, with all eyes set on the $1,786 barrier en route to the $1,800 mark. The buying interest in the yellow metal remains unabated, despite the latest rebound in the US dollar, as investors prefer holding gold as a store of value amid escalating US-China tensions over Taiwan.
The US Dollar DXY index struggled last week, falling more than half a percent, adding to losses from the prior week and dropping to the lowest level since July 5.
Gold price advances on falling US Treasury yields and US dollar weakness.US equities rise, despite cooling manufacturing data, illustrating Fed actions are being felt.Fed policymakers pushed back against a “dovish” tilt, per the market’s reaction.Gold Price Forecast (XAUUSD): If buyers reclaim $1800, the bias shift to neutral-upwards; otherwise, a leg down to...
EUR/USD has found an immediate hurdle around 1.0250 as DXY displays signs of recovery.The US ISM Manufacturing PMI is expected to remain subdued while New Orders Index may outperform.A downbeat Eurozone Retail Sales may impact the shared currency bulls.
What to look for around EUR Euro bulls regain the upper hand and push EUR/USD further north of the 1.0200 hurdle in response to renewed upside traction following the FOMC event on Wednesday. Price action around the European currency, in the meantime, is expected to closely follow dollar dynamics, geopolitical concerns, fragmentation worries and the Fed-ECB...
Gold price is capitalizing on the post-Fed US dollar sell-off.US Treasury yields rebound, challenging the recovery momentum.XAU/USD eyes US Q2 GDP for a fresh directional impetus.
Wait for a 5min Candlestick conformation before selling price !!keep your SL TIGHT for a small loss ...
Gold price is likely to display a firmer rebound s correction seems over.Higher jobless benefits and lower expectations for job additions may turn into a laborious job for the Fed.Big tech boys in the US may lay off some employees this year.
Gold price is likely to display a firmer rebound s correction seems over.Higher jobless benefits and lower expectations for job additions may turn into a laborious job for the Fed.Big tech boys in the US may lay off some employees this year.
13 hours ago Gold prices saw a slight recovery this past week, with XAU /USD rising about one percent. While it was not much, that was the best weekly performance since the middle of June. A combination of a weaker US Dollar and falling Treasury yields likely benefited the anti-fiat yellow metal. Is there more scope here for gold to continue rallying? To...
Gold prices saw a slight recovery this past week, with XAU/USD rising about one percent. While it was not much, that was the best weekly performance since the middle of June. A combination of a weaker US Dollar and falling Treasury yields likely benefited the anti-fiat yellow metal. Is there more scope here for gold to continue rallying? To understand the...
Gold Price Forecast: XAUUSD key levels to watch, with Fed ahead – Confluence Detector... -Gold price is reversing its recovery from 16-month lows of $1,681, as the US dollar finds renewed safe-haven demand amid the return of risk-off flows. Recession fears are back in play, in the face of a more hawkish ECB rate hike and weak US jobless claims and Philly Fed...
The EUR/USD currency pair rallied a bit against the US dollar Tuesday as we await the ECB announcement. At this point, I think the market is more likely than not going to have to pay close attention to any statement coming out of the central bank, as people are hoping that perhaps the Europeans are going to tight monetary policy. There is almost no chance of that...