Gold Price Forecast: Channel Support Holds for Now but Bearish Risks Still Present
Gold prices extend recovery after bouncing off channel support, but the rebound lacks strong momentum, a sign of low conviction given recent market developments.
Gold prices extend recovery after bouncing off channel support, but the rebound lacks strong momentum, a sign of low conviction given recent market developments.
As we approach tomorrow’s pivotal meeting for the Bank of Canada (BoC), let’s take a look at the history, formation and mandate of the Canadian Central Bank.
EUR/USD slides on the back of disappointing European economic data. Meanwhile, USD/CAD continues to forge a bearish double-top pattern, signaling more losses could be around the corner for the pair.
The U.S. dollar is trading at a key area of confluence in what is a quiet trading week ahead of the FOMC and US CPI.
The SEC is actively targeting cryptocurrency exchanges with Coinbase today joining Binance on the US regulators charge sheet.
The Yen has remained resilient of late despite the ongoing dovish Bank of Japan rhetoric. Is it down to optimism over policy shift or fear of intervention?
Cable trades within a broader consolidation channel, lacking a bullish catalyst while at the same time finding support via elevated interest rate expectations
After Friday’s bounce, some of the bullish momentum has faded, but the Nasdaq 100 continues to make headway.
Gold prices managed to stay afloat above the $1950/oz level as the dollar gives back some of its recent gains.
The AUD jumped after the RBA surprisingly hiked interest rates by 25 basis points and said some further tightening may be required in its determination to return inflation to its target.