Gold Steadies After Tuesday’s Plunge & 2022 Lows
XAU/USD tries to take a breath today, after yesterday’s slump due to recession fears that sent investors to the arms of the US Dollar
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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XAU/USD tries to take a breath today, after yesterday’s slump due to recession fears that sent investors to the arms of the US Dollar
The common currency just dropped to levels not seen since December 2002 against the greenback, which finds renewed strength during today’s European session
The Australian central bank stayed on its aggressive tightening path and delivered another rate increase today, in a decision that offered no surprises
The pair finds support after Friday’s drop and volatility, but the technical landscape remains unfriendly
The two Chinese electric vehicle (EV) startups released solid deliveries for the second quarter of the year, while China was the biggest market last year
The pair had a poor couple of days, but defended key support area and rebounds today, pushing for another profitable week
The commodity registered its first negative month of the year, amidst stagflation fears, while OPEC+ maintained its output hike plan
The German index slumps today and sets new June lows, heading towards its worst month of the year, amidst broader risk-off mood
Factory activity picked up in Australia’s biggest trade partner as today’s data showed, providing some reprieve to the pair, which runs a losing week
The tech benchmark is unable to capitalize on last week’s rebound and remains deep in bear territory, as stagflation fears persist
The pair is cautious today as the European session gets underway, but heads towards a profitable month, while BoJ governor Kuroda reiterated the commitment to stimulatory policies
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