Gold

The US Federal Reserve President Jerome Powell continued with this second day of testimony to Congress. The Fed chair is optimistic that the rate cuts from the central bank will help to revive growth in the United States. Speaking to…
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Fed Chair Jerome Powell started his two-day testimony to Congress. In his opening remarks, Powell said that the central bank was comfortable with the current US rates. He attributed the slowdown in the third quarter due to the…
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A successful break below 1459 support seems to suggest that XAUUSD is forming a  double zigzag pattern. The complex bearish formation consists of intermediate waves (w)-(x)-(y), which are part of a longer degree formation consisting of…
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President Trump tweeted on Friday that the United States did not agree on rolling back the tariffs on China. The tweet rebuffed claims made by China earlier last week. The positive news from the trade talks pushed equities to new…
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The US-China trade talks continue to drive the markets. Appetite for risk assets grew as Beijing announced the details of the phase one deal. As part of this, both sides will be pulling back on the tariff hikes even if both sides reach a…
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The US dollar index was seen trading flat following two days of gains. Economic data was sparse on the day. The gains were also moderating after investors digested the progress of the US and China trade talks. Reports indicate that China is…
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US President Donald Trump announced on Tuesday that China and the United States agreed, in principle, to the first phase of a deal. Reports indicate that both sides are also looking at rolling back the tariffs. Investors cheered the news…
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Risk sentiment rose in the markets amid news that the US-China trade talks were progressing faster than expected. The news came after US Commerce Secretary Wilbur Ross said that American companies would be granted licenses to sell to…
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US President Donald Trump tweeted on Thursday that his Chinese counterpart and himself will soon be signing a trade pact. The news comes after skepticism that a longer-term trade deal could be under threat. Equities pulled back despite…
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The week continued being volatile yesterday following a number of impactful events affecting market sentiment. For one, Trump indicated that a trade deal with China is very likely now, driving flows into equities and away from safe…
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