WTI oil: too much for bulls?
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!
Gold jumps in Asia ahead of Fed policy views
On Wednesday, gold leapt during Asia trade, with the Fed policy review believed to follow a well-telegraphed script on interest rates and cutting the balance sheet, although some traders are searching for language suggesting a shift to a more dovish outlook.
December delivery gold futures rallied 0.44% being worth $1,316.41 a troy ounce.
Overnight, the leading precious commodity was intact because Donald Trump’s claimed that America would dare to totally destroy North Korea in an attempt to defend itself as well as its allies and those words did little to underpin safe-haven demand as market participants focused on the two-day Fed gathering concluding on Wednesday.
Trump’s recent threat to North Korea didn’t manage to garner much attention because investor focus was still on the two-day Fed gathering, which is expected to conclude on Wednesday with a highly anticipated statement on monetary policy.
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Bitcoin crosses $50,000!
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Will US inflation push USD further up?
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USD, gold, Alibaba and more on April 12
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
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