US Dollar selling pressure prevailed and steered the DXY Index -0.3% lower last week in spite of Fed taper talks growing more heated. Eyes on inflation and yields to gauge where USD heads next.
Gold strength may continue in the near term as the Fed stands firm on their transient inflation outlook. Nevertheless, hotter-than-expected PCE figures on Friday pose a potential headwind to XAU/USD.
Heightened volatility and modest losses have seen the major indices test key trendlines that, if broken, could open the door to deeper declines. In the week ahead, bulls may look to make a stand at…
Wednesday’s violent cryptocurrency capitulation has shattered this year’s bull surge and the market may take a long time to recover if it recovers at all
Gold surged more than 12% off the yearly low with then XAU/USD breakout now eyeing key technical resistance. These are the levels that matter on the Gold weekly chart.
Fresh remarks from BoE officials may keep the British Pound afloat amid the growing discussion within the central bank to scale back the emergency measures.