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Gold Cautious Above $2000 on Thin, Holiday Affected Trading
GOLD (XAU/USD) ANALYSIS Gold expected to underwhelm this Thanksgiving weekend amid thin trading XAU/USD reveals an aversion to trading above $2000 as ceasefire tests safe haven appeal USD and Treasury yields remain a factor as markets lower expectations of rate cuts...
US Dollar gains traction as November’s FOMC minutes warns further tightening
The DXY Index rose to 103.60, up by 0.15%. FOMC members considered that the progress on inflation is "limited". The US yields are still down on the day, limiting the US Dollar's advance. In Tuesday’s session, the US Dollar Index traded with 0.15% gains around the...
Gold price hangs near daily low, dovish Fed expectations and a weaker USD to limit losses
Gold price struggles to capitalize on its modest intraday move up to the $1,985 region. Hopes for more stimulus from China boost investors' confidence and act as a headwind.. Bets that the Fed is done raising rates undermine the US Dollar and should lend...
US Breaking News: Retail Sales Beat Pessimistic Estimate, USD Bid
US RETAIL SALES TURN LOWER IN OCTOBER US retail sales (MoM) -0.1% vs -0.3% est. (prior revised higher to 0.9%) US dollar and Treasury yields recovered some lost ground after the release US retail sales broke its run of six consecutive positive prints in October,...
Gold (XAU/USD) – Sitting on Technical Support as US Inflation Report Nears
GOLD (XAU/USD) ANALYSIS, PRICES, AND CHARTS The US inflation report is the next driver for gold’s price action. The 200-day simple moving average provides short-term support. The latest US inflation report was released at 13:30 GMT today and is expected to show y/y...
BoJ Moves Closer to Dismantling Negative Interest Rates
USD/JPY NEWS AND ANALYSIS Raised BoJ inflation forecasts and yield curve tweaks lay the groundwork for policy pivot The yen heads lower, sending USD/JPY above the closely watched 150 marker RAISED BOJ INFLATION FORECASTS AND YIELD CURVE TWEAKS LAY GROUNDWORK FOR...