Gold

Equity markets continue to trade weaker as Apple Inc, a Dow Jones listed company issued caution on its forward guidance. All major indices fell for the third day as a result. This is largely attributed to the fact that many of Apple…
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The latest statistics from Japan showed that the country's gross domestic product fell 6.3% on an annualized basis in Q4. Data from Japan’s Cabinet Office fell shy of the estimates of 3.8%. This comes after GDP grew by 0.5% in the third…
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The current XAUUSD structure hints at a corrective wave ④ of a triangular nature and consists of five intermediate sub-waves (A)-(B)-(C)-(D)-(E). Its first three parts are fully completed, whereas wave (D) is still under development.…
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Retail sales numbers from the United States have come out, printing a result that was in line with broad expectations. Data from the Commerce Department showed that retail sales rose by 0.3% in January after a slower 0.2% increase…
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The European Commission released its winter forecast. The report was slightly optimistic, pointing to a path of steady but moderate growth. The growth projections were unchanged. The economy is forecast to grow at a rate of 1.2% both…
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Equity markets are holding steady as they trade close to the all-time highs. This comes amid a mixed investor sentiment. Gold prices also continue to hold steady. The economic calendar is generally quiet and Powell’s speech did not give…
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A day after equity markets turned cautious, investor appetite was slightly bullish. A lack of economic fundamentals has kept the markets flat. The coronavirus, however, is keeping investors on the edge with some fund managers claiming…
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The XAUUSD formation hints to a triangle correction pattern consisting of waves (A)-(B)-(C)-(D)-(E). Its structure suggests that intermediate wave (D) is a standard zigzag of the minor degree and has not yet been completed. This…
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The latest inflation report from China showed a strong gain in consumer prices. The gains were driven by demand on account of the coronavirus as well as the Chinese lunar new year. China’s inflation rose 5.4% on the year in January 2020.…
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Chinese authorities cut tariffs on more than $75 billion worth of goods made in the United States. The announcement comes as part of the trade talks. China is also expected to ramp up its imports of US goods up to $200 billion in value.…
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