EUR/USD appears to be reversing course ahead of the 200-Day SMA (1.1821) as it struggles to extend the series of lower highs and lows carried over from the previous week.
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EUR/USD appears to be reversing course ahead of the 200-Day SMA (1.1821) as it struggles to extend the series of lower highs and lows carried over from the previous week.
from DailyFX – Market News https://bit.ly/3qx5lir
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The Bank of Canada held policy unchanged in March, maintaining a 0.25% target rate and continuing asset purchases at their current pace while emphasizing continued caution.
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US CPI prints in-line, while Core CPI misses. USD tracks yields lower. Gold and S&P 500 gain.
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Gold prices are susceptible to another pullback after bouncing from a nine-month low on Tuesday. Resurgence in longer-term Treasury yields and the US Dollar may weigh on bullion.
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