This article explores gold’s fundamental and technical outlook, dissecting key scenarios that could play out in the near term in response to U.S. PPI data.
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This article explores gold’s fundamental and technical outlook, dissecting key scenarios that could play out in the near term in response to U.S. PPI data.
from DailyFX – Market News https://ift.tt/9DpzB30
via IFTTT
The International Energy Agency lowered its estimate of oil demand growth, renewing oversupply concerns at a time when major economies confirm recessions
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EUR/USD rises for a second consecutive day after weak US retail sales data, but its recovery could be derailed if the upcoming US PPI report shows limited progress on disinflation.
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Bitcoin has rallied by over 20% already this month as buyers continue to dominate the market. A short-period of consolidation could lead to further gains as the ‘halving’ draws closer.
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Markets have been braced for a withdrawal from the longest period of easy monetary policy by any central bank. Japanese growth data numbers make that less likely
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