The gold price made new highs today after the US Dollar and Treasury yields descended on soft data, while crude oil maintained the high ground. Will XAU/USD keep rallying?
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The gold price made new highs today after the US Dollar and Treasury yields descended on soft data, while crude oil maintained the high ground. Will XAU/USD keep rallying?
from DailyFX – Market News https://bit.ly/3zDdKry
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The New Zealand Dollar shot higher after the Reserve Bank of New Zealand unexpectedly hiked rates to 5.25% from 4.75%, markets were looking for 5%. Where to for NZD/USD?
from DailyFX – Market News https://bit.ly/3KeD640
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S&P 500 turns lower after failing to clear trendline resistance at 4,140, a sign that bullish momentum may be vanishing just as sentiment begins to sour again.
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The U.S. dollar, as measured by the DXY index, breaks below key Fibonacci support, and hits its lowest level since early February, dragged lower by falling Treasury yields and weak economic data.
from DailyFX – Market News https://bit.ly/3ZFYPaM
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Ethereum is looking to move higher on its own and pare some recent losses against peer Bitcoin.
from DailyFX – Market News https://bit.ly/3KbbLj7
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