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On Monday, the precious metal gold consolidates in a narrow trading range of 1,932 – 1,959. Lack of market-moving fundamentals, an extension of U.S. China Phase 1 trade deal review, and an upcoming FOMC Meeting Minutes are keeping trading in the phase of indecision. Gold is likely to follow the technical side of the market. Check out gold’s intraday technical forecast video.
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USD/SEK hovers above 6-week low with US, Sweden data eyed The USD/SEK currency pair edged higher on Tuesday, but hovered just above a 6-week low of 10.2475, as market players looked ahead of key US and Swedish macro data prints due to be released later in the week.The second estimate of US […]
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Dollar Holds Narrow Range as Markets Await U.S. Jobs Data and Monitor Global Flashpoints Key Moments
The dollar index and related futures traded mostly flat in European hours as investors awaited U.S. labor market data due this week.
Geopolitical tensions, including the U.S. incursion in Venezuela and the […]
Euro Jumps on German Spending Plans, 1.10 Rally Predicted Key momentsGermany's proposed 500 billion euro infrastructure fund and the relaxation of borrowing limits triggered a significant rise in European bond yields, fueling a surge in the euro against the US dollar.
The prospect of […]