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In focus today Focus today will be on tonight’s FOMC meeting. We expect a 25bp cut, which is also fully discounted by markets. Apart from the rate decision, market attention will be on the updated rate projections, and especially on the FOMC’s latest view on the terminal rate level. We think Chair Powell will aim […]

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06/11/2024

Gold Prices Plunge as Trump Triumphs: What’s Next for XAU/USD?

Gold prices plummet as Trump’s election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards higher interest rates, diminishing gold’s appeal. Technical analysis suggest bearish momentum is building, will safe haven demand return and underpin Gold prices? Gold prices in freefall as the US Dollar Index and US Treasury Yields surged following […]
10/10/2024

Gold Starts Correction: Is The Rally Cooling Off?

Key Highlights Gold started a downside correction below the $2,650 level. It traded below a key contracting triangle with support at $2,635 on the 4-hour chart. Oil prices trimmed gains from the $78.80 resistance zone. EUR/USD could extend losses unless there is a move above 1.1000. Gold Price Technical Analysis Gold prices failed to extend […]
16/04/2024

EUR/USD: Limited Consolidation to Precede Fresh Push Lower

EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down 1.8% last week). Upticks should provide better selling levels, with solid barriers at 1.0700 zone (former low […]