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Day: September 26, 2019

XAU/USD Outlook: Gold recovers after Strong Fall But Pivotal Barriers Stay Intact for Now

Spot gold bounces from $1500 level which contained Wednesday’s 1.9% fall. The yellow metal fell sharply on renewed risk appetite that prompted traders to collect profits from four-day $1483/$1535 rally. Wednesday’s fall (the second biggest one-day loss in Sep) found footstep at psychological $1500 support and managed to close just above cracked Fibo support at …

XAU/USD Outlook: Gold recovers after Strong Fall But Pivotal Barriers Stay Intact for NowRead More

EUR/USD Makes New 2019 Low But No Follow Through Selling Yet

Forex traders remain rather uncommitted today. Euro was weighed down by renewed weakness in German 10-year bund yield, which hit as low as 0.594. The common currency hit new 2019 low against Dollar but there is no follow through selling. Australian Dollar also recovers notably after initial weakness. On the other hand, Dollar is turning …

EUR/USD Makes New 2019 Low But No Follow Through Selling YetRead More

US business investment much weaker in the second quarter than previously estimated

A worker builds a 2020 Ford Explorer car at Ford’s Chicago Assembly Plant in Chicago, June 24, 2019. Kamil Krzaczynski | Reuters U.S. business investment contracted more sharply that previously estimated in the second quarter and corporate profit growth was tepid, casting a shadow on the economy, which is being stalked by financial market fears …

US business investment much weaker in the second quarter than previously estimatedRead More

Stocks making the biggest moves premarket: Beyond Meat, Accenture, Target, Rite Aid & more

Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada. Accenture – The consulting firm earned $1.74 per share for its fiscal fourth …

Stocks making the biggest moves premarket: Beyond Meat, Accenture, Target, Rite Aid & moreRead More