Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The upcoming data could impact the Fed's policy, influencing the demand for the US Dollar and providing direction for gold. The Greenback sees some repositioning, recovering modestly ahead of the data risk.
Tag - gold
Gold prices (XAU/USD) surged more than 1.0% on Thursday of this week, rebounding from a lackluster performance in the previous trading session. This upward momentum was driven by a notable retreat in U.S. Treasury yields, spurred by disappointing labor market data released...
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
Eurozone monthly inflations hit 0.3% versus -0.5% a month ago. EURUSD is rising. JPMorgan and Citibank expect the EURUSD to reach 1.00 in the middle term. Read the full report to learn more!
Today is exciting for traders of major pairs and the Canadian dollar because we await the Canadian inflation and the US Retail Sales releases. What is the other news we need to follow today? Let’s have a look.
Gold and oil prices jumped. Fundamental factors are more important than technical ones right now. Let's go through the most exciting news for the week.
The US CPI was released higher than the forecast, meanwhile the oil prices are returning closer to $90. What's going on in the markets? Check it in our review.