Gold

The downward trending resistance line dominates medium term price action
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The ICE US dollar index gained 0.6% reversing the declines from Thursday. President Trump said that the tariffs on China will stay for a significant period of time despite negotiations resuming next week. However, Washington noted it would…
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The USD was trading weaker on Wednesday after the FOMC meeting yesterday saw the Federal Reserve leaving interest rates unchanged. The Fed also signaled no rate hikes this year according to the dot plot projections. As expected,  they also…
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The US dollar, which was trading subdued the past few days held steady ahead of the FOMC meeting today. The Fed will be releasing its economic projections and dot plot summary alongside the press conference. The US factory orders report…
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A number of ongoing global narratives kept a lid on the markets with USD trading subdued ahead of major events this week. These include the two-day FOMC meeting starting today and ending tomorrow, and the Brexit narrative. The GBP…
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EURUSD Retreats From 10-day High Following a 3-day streak, eurodollar finally saw a rejection at $1.1340. German inflation CPI data added a negative sentiment to the pair, which provided investors with sell opportunities. Despite an array…
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UK The UK parliament rejected a no-deal Brexit on Thursday evening. This leads to speculation that the UK might formally ask the EU for an extension to the March 29 Brexit deadline, putting further uncertainty into the UK's exit from the…
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UK Data Economic reports from the UK showed that the GDP rose 0.2% in the three months to January. On a quarterly basis, the economy picked up the pace, rising 0.5%. The gains came from an increase in IT, health services and wholesale…
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The US dollar extended declines for a second daily session. Economic data on the day was relatively sparse. The euro traded subdued while gold prices weakened on the day. Germany German industrial production figures showed a disappointing…
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USD The U.S. dollar weakened on Friday amid the jobs report which dented the market sentiment which was already turning sour. Concerns of a global slowdown engulfed the equity markets. This sent the U.S stock markets weaker with a minor…
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