Trading The British Pound: GBP/USD (GBP=X) – Things You Must Know

Trading The British Pound: GBP/USD (GBP=X) – Things You Must Know

$GBP #BritishPound #USD #FX #Currencies #Trading #Markets British PoundTicker: GBP=Price: $1.3025 British Pound Outlook Turning to the week to come, it seems safe to assume that the highlight of the data calendar will be the publication of the latest US GDP estimate towards the end of the session. Thursday’s release could see the Pound to […]

Current Gold Forecast: Gold Over Paper

Current Gold Forecast: Gold Over Paper

#gold $XAU $GLD $USD The Fundamentals Central banks worldwide are committed to suppressing interest rates and printing money to solve their nation’s debt problems. Eventually, they will be forced to default or devalue, they will devalue. The Technicals Gold forms a major bottom every 8-yrs. The last low came in Y 2016. The next one should […]

FX Traders Exit Bearish Bets Against the USD

FX Traders Exit Bearish Bets Against the USD

#Dollar #Fed #virus #risk $USD $DXY $EUR $GBP $JPY $CHF $CNY The USD held onto gains Vs most currencies Thursday in Asia as signs of an economic slowdown in Europe and in the US revived concerns about the fallout from continuing virus infections. EUR hit by worries about a return to severe lockdown restrictions, faces […]

Dollar Marks 6-wk Highs, Traders Seek Safe-haven

Dollar Marks 6-wk Highs, Traders Seek Safe-haven

#Dollar #virus #riskoff $USD $DXY $EUR $AUD $NZD USD rose Tuesday to 6-wk highs, extending gains from the Monday’s session, as markets turned risk-averse over a surge of virus cases and new lockdown measures in UK and Europe. Although European equities opened higher Tuesday, USD continued its ascent and riskier currencies fell, as new lockdown […]

More Mixed Data on US Economy

More Mixed Data on US Economy

$USD #CORONAVIRUS #COVID19 US consumers continued to spend in July but the gains were much slower than the prior two months amid a surge in coronavirus cases, and confidence remained in a “depressed range,” according to new data released Friday. Separately, Coca-Cola and MGM Resorts became the latest major companies to announce massive layoffs as […]

Low Rates Here to Stay USD to Weaken Further Over Next 5 Years

Low Rates Here to Stay USD to Weaken Further Over Next 5 Years

The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the benefit of lower income families, while ratcheting back its emphasis on fighting inflation. The effect will be a continued weakening of the USD and an increase in the value of Gold. […]

US Dollar Trend Guides Gold, Silver Markets

US Dollar Trend Guides Gold, Silver Markets

#Dollar #Gold #Silver #Market $USD $DXY $XAU $GLD $XAG $SLV When the C-19 coronavirus chaos began to make its negative influences felt throughout the financial markets, global investment trends in the US currency emerged as a primary safe-haven beneficiary. As a result of the risk-off trends in market sentiment, .DXY was driven to its highest marks […]

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