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DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.46 is identified as an overlap support that aligns with a confluence of Fibonacci levels i.e. the 161.80% extension and the 61.80% projection […]

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15/05/2024

Can Gold Climb to a New Record High?

Gold pulls back after hitting record high near $2430 Retreat remains short-lived as geopolitical risks escalate But demand from China seems to be slowing Yet, the chances for fresh advances remain elevated Geopolitics among the main drivers After hitting a record high at around $2,430 on April 12, gold entered a corrective phase due to […]
25/01/2024

Cliff Notes: Labour Demand and Investment Under Pressure

Key insights from the week that was. In Australia, the latest NAB business survey delivered another sombre update on the state of the domestic economy at the turn of the year – the “December” survey was in the field January 3-15. In an environment characterised by high inflation, elevated interest rates and weak consumer spending, […]
18/12/2023

Gold: A Further Deterioration in US 10-year Treasury Yield May Support a Bullish Tone

An increase in dovish expectations on a rapid pace of Fed funds rate cuts projected for 2024 indicates a potential impending recession. An uptick in recession risk may see a further deterioration in the US 10-year Treasury real yield which reduces the opportunity costs for holding Spot Gold (XAU/USD). Spot Gold (XAU/USD) has managed to […]