Gold Price Drop May Continue as Fed Stimulus Hopes Unravel

Gold prices slumped after minutes from July’s FOMC meeting signaled the Fed is no hurry to expand its stimulus toolkit. Deeper losses look likely ahead.

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Gold Price Drop May Continue as Fed Stimulus Hopes Unravel

Gold prices slumped after minutes from July’s FOMC meeting signaled the Fed is no hurry to expand its stimulus toolkit. Deeper losses look likely ahead.

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USD/CAD Forecast: RSI Divergence Indicates Failed Test of January Low

The RSI for USD/CAD indicates a failed attempt to test the January low (1.2957) as the indicator deviates with price after struggling to push into oversold territory.

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Nasdaq Falls After Fed Minutes. ASX 200, Straits Times May Open Lower

The Nasdaq Composite fell 0.57% from the record high after the release of the Fed minutes. The ASX 200 and the Straits Times Index may follow the US stocks lower. The US Dollar index surged 0.77%.

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NZD/USD Rebound Fizzles as FOMC Minutes Foreshadow Change in Guidance

NZD/USD pulls back from the weekly high (0.6651) as the Federal Open Market Committee (FOMC) Minutes foreshadow a change in the forward guidance for monetary policy.

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