Dow Tests 26,400 Support as Sentiment Sours, Gold Breaks above $1,900
The Dow Jones fell to 26,400 support on virus and geopolitical headwinds. Gold surged above 1,900 to a nine-year high. Fed meeting, US GDP, earnings in focus.
Read More »Fed’s balance sheet sees largest weekly drop in over 11 years
The US Federal Reserve’s (Fed) balance sheet size declined by about $88 billion to $6.97 trillion in the week ended July 8, versus $7.06 trillion a w
Read More »Its Fed day! FOMC monetary policy decision due Wednesday – preview
Federal Open Market Committee announcement due at 1800GMT on 10 June 2020. – Chair Powell will have his news conference following at 1830GMT Earlier previews:
Read More »FOMC meet this week – another gold support coming up
I posted earlier on the Fed Roadmap and its support for gold: Guggenheim’s Minerd likes gold – "accumulation of gold … a responsible policy response" A snippet along the same…
Read More »The Federal Reserve decision is Wednesday: Three things to watch for
The Fed has executed the pump; watch out for the dump The Federal Reserve decision is on June 10 and it’s shaping up to be a bigger event than anticipated…
Read More »Gold is up, Stocks under pressure
XAUUSD,H1 Gold kept its uptrend after US GDP fell to -5%, lower than the -4.8% expected. On the other hand, ongoing tensions between the US and China is increasing ahead…
Read More »Gold trading and Dollar index who will lead?
Gold trading and Dollar Index who will lead? Dollar index is at new highs. Normally when the dollar index is showing strength the gold market responds with weakness. Price action…
Read More »Live Trade Room Watch List August 22, 2019
Live Trade Room Watch List August 22, 2019 This is August trading with lower volume and sometimes extended range days. Could take a few more days for trades to hold…
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