Gold

The current XAUUSD structure hints to a bullish impulse consisting of primary waves ①-②-③-④-⑤.  The first four parts of the 5-wave move look fully complete, whereas wave ⑤ is still under development.  Wave ⑤ consists of intermediate… Read More

Equity markets were seen trading rather flat for the third consecutive day. The rally looks to be pausing for the moment as the earnings season gets underway. The declines were attributed to mostly weaker banking stocks leading the way.… Read More

Dollar Holding Below Resistance The US dollar has been fairly stagnant over the last 24 hours. The lack of any key US data this week has created an absence of directional drivers which has seen the USD index remain in consolidation mode… Read More

Gold Its been a rather muted week for the yellow metal. Following moves in both directions, gold is trading roughly flat on the week as of writing. In the absence of any key US data, there has been limited movement in the USD, which is… Read More

Equity markets were mixed as both the Dow Jones and the S&P500 were slightly weaker. The exception was the Nasdaq index, which rose to fresh highs. At the Davos summit, President Trump gave a speech. He cheered on the US economy… Read More

USD Hanging Out Near Highs The US dollar is in the green again today though the index, which is down off the recent 97.48 highs, is currently capped by the 97.42 resistance. With a lack of any key US data this week, flows are likely to… Read More

The International Monetary Fund (IMF), in its latest report, trimmed global growth forecasts. For the year 2020, the IMF expects growth to rise by 3.3%. This is slightly higher in comparison to the 2.9% forecasts which grew in 2019.… Read More

USD Rallying on Monday The US dollar has continued to rally over the European morning on Monday with the index breaking above the 97.42 level. Data strength at the end of last week is keeping USD bid here. With no tier-one US data… Read More