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The Gold continues to trade inside a triangle
GOLD Gold continues to trade inside a triangle pattern between $1,800 and $1,760 with no bullish reversal signs in sight so far. Indeed, the current global optimism has caused traders and other mid-term investors to rotate away from defensive values and safe havens to riskier assets, which represents a strong bearish market driver for gold.[…]
The dollar is carrying the weakness of the previous session
FOREX The dollar is carrying the weakness of the previous session into early Wednesday trading, following Jerome Powell’s testimony to the US Congress on Tuesday. Powell’s message was dovish in tone, reaffirming the central bank’s intention to keep the stimulus in place until the recovery reaches a more advanced stage. Since last week’s pivot to[…]
The US dollar is trading flat
FOREX The US dollar is trading flat so far this week after the gains of last week sparked by the Fed’s pivot to a more hawkish stance. It appears that investors are now pausing and looking for further direction from the American central bank. Later today Jerome Powell will offer his testimony to Congress, a[…]