Gold

XAUUSD seems to be going ahead with wave ⑤ of the bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. The current structure suggests that we are in the corrective wave④, and perhaps that wave has not yet completed its pattern.…
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Another choppy and heavy session marked Thursday's trading as highly volatile on the back of geopolitical and economic headlines. ECB's president Draghi re-cited downside risks and low inflation, BoJo pushed for an early election,…
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The US dollar index was seen trading lower towards Wednesday’s close. These declines come following a day after the USD posted strong gains. The subdued trading comes as the economic calendar has been quiet for the most part this week. The…
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Trading was rather subdued amid a lack of any fundamentals or major global themes. The Brexit saga continues, but the impact is limited to the pound sterling. Data from the US was mostly second-tier. The Richmond Fed manufacturing…
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Risk sentiment in the market was somewhat quiet amid a lack of data. Minor reports on the US-China trade deal did not bring much cheer. Equities were up only slightly, while safe-haven assets were on the back foot. The Brexit saga…
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Risk appetite rose early on Monday on headline news surrounding Brexit and the US-China trade war. The focus for the rest of this day's trading session will be on two main points. The first is on Johnson's "meaningful" vote request. …
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Equity markets are back in the green as risk appetite slowly takes hold. Progress on the US and China trade talks is keeping optimism alive. China’s Vice Premier Liu He said that he will work with the United States to address each…
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The US dollar fell for the second consecutive day. The retail sales report for September was weaker than expected. Headline retail sales fell 0.3% while core retail sales fell 0.1%, missing estimates. Data for the previous month was revised…
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The International Monetary Fund issued another grim warning for global growth. It said that the US-China trade war would cut 2019 global growth to the lowest levels since 2008 - 2009. The IMF stated that the global outlook could darken…
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There were signs of disappointment as the US and China trade deal soured following comments from the Treasury secretary. Steve Mnuchin said that, in case of a no-deal in the trade talks, the US will hike tariffs by mid-December.…
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