Gold Cautious after its 2nd Straight Losing Month & the Rejection of Key Technical Levels
XAU/USD comes from two straight profitable weeks, but this was not enough to prevent another losing month, while the new one starts with caution
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XAU/USD comes from two straight profitable weeks, but this was not enough to prevent another losing month, while the new one starts with caution
Economic activity grew at a slower - albeit still solid - pace in the first quarter and in line with RBA’s projections and the pair is on the back foot as the US Dollar rebounds
The US index is weighed by hawkish Fed-talk, as US investors return from their long weekend, after a stellar week
The pair has posted a significant recovery over the past couple of weeks, but faces difficulties today and may struggle to register its first profitable month of the year
Oil prices went up after European leaders reached a compromise, to sanction most of oil imports from Russia
The week of May 23-27 was a good one for Wall Street, as SPX500 looks set to stop its seven-week losing. Nvidia’s record revenues and cautious guidance, Alibaba’s resilience and XPeng’s mixed results were some of the news that stood out
The pair is soft today and runs its third straight negative week, as fears over the Fed’s tightening path ebb in the aftermath of Wednesday’s minutes
The commodity is in a consolidation pattern this week, but finds support as US EIA stockpiles shrunk and the CEO of oil giant Aramco warned of low spare capacity
The pair is running its second straight profitable week, but faces pushback ahead of key technical levels, after yesterday’s rather hawkish minutes by the Fed
Snap issued a profit warning on Tuesday, causing its stock to plunge and weighed on other tech stocks and the NAS100, amidst an unfavorable environment for the tech sector
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
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