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The gold price is slowing down after yesterday’s recovery
GOLD The gold price is slowing down after yesterday’s recovery. Gold tested the key resistance zone of $1,750/1,760 and so far has been stopped at that level. But all this could be temporary, as bullion is recovering momentum and a clear surpass of this level could generate a new rally for gold. Moreover, the stimulus[…]
The dollar is losing ground to other major currencies
FOREX The dollar is losing ground to other major currencies during early Thursday trading. The greenback’s weakness follows the publication of the March minutes of the Federal Reserve’s FOMC meeting, which unequivocally reaffirmed the central bank’s intention to maintain its current dovish monetary policy. For several weeks the foreign exchange markets were dominated by a[…]
Dollar Index is almost flat
FOREX After a few sessions characterised by weakness, the Dollar Index is almost flat during the early part of Wednesday’s session. The greenback’s losses over the last few days were the result of investors starting to accept that perhaps it is too early to be worrying about inflation, and that perhaps the Fed will remain[…]