Gold’s emotional selling charts rare candle on daily
Market participants exited the precious metal in a panic yesterday. Today sees indecision, with the Fed decision clearly on the mind of market participants.
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Market participants exited the precious metal in a panic yesterday. Today sees indecision, with the Fed decision clearly on the mind of market participants.
The pair extended this month’s advance to the highest level since October 1998 on Monday, but has been consolidating over the last few days, while markets await policy updates from the Fed and the BoJ this week
The Fed's normalisation of its balance sheet will affect both yields and the dollar. So market participants should not ignore it.
The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation
The European Central Bank (ECB) kept key interest rates unchanged as expected today, but pointed to rate lift-off in July and more hikes ahead, while raising its forecast for this year’s inflation
The daily gold chart may hint at the primary trend's direction.
Rates have increased recently, and FXCM's dollar basket is on the move.
The pair has started the week on the back foot, having rejected critical technical levels, while markets are edgy ahead of key events later in the week
The UK Prime Minister won the no-confidence vote on Monday, with 59% of the Tory MPs voting that they have confidence in their party leader
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
The pair comes from its best week since late-2016 and hawkish Fed comments, but the new one starts with caution, despite the fact that the BoJ remains committed to its ultra-easy policies
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