US jobless claims are coming out
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Gold has slumped, now in correction
During Thursday, gold has dropped to the level of 1465.00, unseen for more than a month. On the H4 chart of XAU/USD, we see it is just one step away from the strong support level of 1462.00. The main factor driving the depreciation of the precious metal is better prospects of the global economic outlook. The China-US trade deal is nearing, and the two countries agreed to roll back tariffs mutually. Consequently, gold has suffered due to a potential drop in demand because of clearer global economic perspectives. The bears would use this as an excellent opportunity. However, Thursday evening and today morning show correction in the price. At the same time, the RSI indicator is inching into the oversold level of 30% bottom-up. So watch out – there may be an interesting opportunity for the bulls, with the closest resistance levels of 1484.14, 1491.74 and 1495.87 on their way.
Similar
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Latest news
Final debate and stimulus talks are in focus
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
GOOGLE: in the crosshairs
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
All attention to Euro
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Deposit with your local payment systems
