Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
Gold faces some pressure
2019-11-11 • Updated
SELL 1239.80; TP1 1237.90; TP2 1233; SL 1242
BUY 1246; TP1 1250; SL 1244
Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.
It looks like the correction may take XAU/USD down to the 200-week MA at 1233. A decline below 1238 will open the way down to this level.
An advance above 1245.60 is necessary to open the way up to the recent high at 1250 and the 200-day MA at 1254.
Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally…
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy