Tokyo Core CPI Complicates BoJ’s Rate Plans

Gold’s pace moderates within triangle prior to Thursday’s CPI inflation data Technical signals favor the bears, but the trend may remain positive Gold held within the range of 2,624-2,670 despite the upbeat US jobs data last Friday, forming a symmetrical neutral triangle at the top of its broad uptrend. Falling technical indicators suggest that buying sentiment is […]

Key Highlights Gold declined and tested the $2,315 zone. A key declining channel is forming with resistance at $2,345 on the 4-hour chart. EUR/USD is holding gains above the 1.0850 level. GBP/USD seems to be aiming for more gains above 1.2800. Gold Price Technical Analysis Gold prices started a fresh decline from the $2,450 resistance […]

Markets: Trading was again confined to rather tight ranges today. US yields created some breathing space end last week compared to important support levels (4.7% area US 2-y yield, 4.3/37% area 10-y yield), but for now follow-through gains look rather difficult. Eco were few today, but there were interesting comments from Fed governors. Fed’s Waller […]