World shares gained on Wednesday on bets of hefty US spending after US Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about the debt later.
Tag - gold
Flat resistance and higher lows is what we have on the strategic map for gold. So, are we going to see it rise back up?
Joe Biden will take the post of president of the USA on the morning of 20 January 2021. Trump is going to skip the inauguration. What will be the market reaction? Let’s find out!
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In this daily update, you have short-term and mid-term outlook for the main currencies and commodities weighted against the long-term horizon. You are also provided with suggestions on which to levels to look at and what the most likely trajectories are for USD, EUR, AUD, GBP, gold and WTI oil.
Market sentiment is not very distinctive…
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
While Donald Trump says his last words as the US President and Joe Biden brings his oath this week, the CAD, JPY, and EUR will see their Central Banks share their respective monetary strategies. In the meantime, while the USD gets stronger, oil and gold take a pause. So, how do we trade Forex this week?
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
What are the forecasts for silver, platinum and palladium?
President-elect Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome Powell may offer some reaction in a speech later.