XAUSD Intraday Analysis
Gold prices have now surged above the local 1196.41 region that saw key support last week. For now, price remains in the middle range of the larger contracting triangle pattern which has framed price action over the last few weeks....
Gold Prices Have Now Surged Above The Local 1196.41
The headline moves yesterday were seen in equity markets which plummeted (S&P down 3%) under pressure from an uptick in US yields and USD. Consequently, we saw a flight to safety which drove the bid in gold but weighed on...
Trump Comes Out Swinging At The Fed As Markets Tumble
Bloodbath in Markets as Trump Points Finger at the Fed European stocks are set to become the latest casualty in the global sell-off that has rattled markets over the last 24 hours, as investors worry about the potential for a...
Fintech won’t drain money away from banks, regulators say
The rise of financial technology — more commonly known as fintech — won’t threaten the existence of banks and it’s the responsibility of authorities to make sure that traditional lenders are prepared for changes in their industry, policymakers and regulators...
Dollar Weak as Trump Attacks Fed after Stock Market Crash
Asian markets are in crisis mode as dragged down by the stock market crash in the US over night. At the time of writing, Nikkei is down -970 pts or -4.13%. Singapore Strait Times is down -89.59 pts or -2.86%....
Mohamed El-Erian: Stock market sell-off won’t stop the Fed from hiking rates
The stock market drop isn’t going to stop the Federal Reserve from normalizing interest rates, noted economist Mohamed El-Erian told CNBC on Wednesday. And that’s a good thing, he said. “I don’t think this derails the Fed in any way...
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