Gold Price Calm Near $2,160 as Fed, BoE Loom
As long as it remains below the downtrend line, KSAU/USD could approach new lows. Fundamentals should move the rate during the week. After such impressive growth, a correction is natural.…
As long as it remains below the downtrend line, KSAU/USD could approach new lows. Fundamentals should move the rate during the week. After such impressive growth, a correction is natural.…
The pound fell last week on falling expectations of a Fed rate cut. The Fed will meet on Tuesday and is likely to keep rates unchanged. The Bank of England…
There is a 39% chance the BoJ will hike on Tuesday. The Fed will meet on Wednesday and likely keep rates on hold. There is a 57% chance that the…
Consumer and producer prices rose more than expected. The data showed a smaller-than-expected increase in US retail sales. Investors await political decisions in the US and Australia. The weekly AUD/USD…
Data on consumer and producer prices in the US revealed a jump in inflation. There was optimism that big companies in Japan would raise wages. Investors will pay attention to…
The bias remains bullish as long as it is above the median line (ml). A new lower low triggers more dips. US economic data should have a big impact today.…
Producer prices rose 0.6%, beating estimates for a 0.3% rise. US retail sales missed forecasts, showing a slowdown in consumer spending. The yen was steady as investors awaited the final…
Wholesale inflation in the US increased by 0.6% in February. Investors cut bets on a Fed rate cut in June. The RBA is likely to keep rates on hold at…
Data on Wednesday showed that the UK economy grew at a rate of 0.2% in January. Market participants expect the first BoE cut in June. Investors await the report on…
US data should move the rate today. Taking out a pivot point activates a larger drop. The middle line could attract the price. The price of gold has turned lower…