The precious metal saw its advance last week halted by the trendline resistance (white line) above. That key level now sits at $2,367.50 as buyers ease off the charge a little. Gold is down 0.5% today to $2,348 levels now but is still staying poised after the move higher on Thursday and Friday. The next […]
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Fundamental Overview Last Thursday, gold broke out of the recent range following the weak US jobless claims figures where initial claims spiked to the highest level since August 2023. Now, jobless claims are notoriously volatile, so that could have been just a blip, but the weak consumer sentiment report on Friday could be another supporting […]
Jesse Livermore once said “There’s a time to go long, a time to go short and a time to go fishing”. This quote couldn’t be more true for today as the lack of notable economic releases and the waiting for the US CPI report will likely keep the markets at bay. In such days it’s […]
Eurostoxx flatGermany DAX +0.1%France CAC 40 flatUK FTSE flatSpain IBEX +0.1%Italy FTSE MIB flat It’s shaping up to be another one of those days. As Giuseppe said here, it’s time to go fishing. US futures are also not doing much with S&P 500 futures just up 0.1%. All eyes are on the US data later […]
The reading for the April month itself is -38, which is the same as April last year. Meanwhile, the economic outlook index held steadier at -21, slightly better than the -23 reading in March. This article was written by Justin Low at www.forexlive.com.