Gold Price Forecast: XAU/USD sees exhaustion around $1,820 after a downside move, DXY skids
👉Gold price is expected to rebound as a retest of Wednesday’s low shows a loss of downside momentum. 👉The hawkish commentary from Fed Powell has put the gold prices on tenterhooks for a prolonged period. 👉The DXY is performing lackluster on the downbeat US PMI. Gold price (XAU/USD) is hoping for a rebound as the […]
As the risk-on impulse returns, the US Dollar Index falls to roughly 105.30 at open, with the Fed in focus.
US Dollar Index tumbles to near 105.30 at open as the risk-on impulse rebounds, Fed in focus 15 June 2022 • The DXY has opened lower around 105.30 but is sustaining itself above the critical support of 105.00. • Investors should brace for a rate hike of 75 bps by the Fed. • The tight […]
Fundamental Forex Analysis today why AUD and NZD dropped after Stronger U.S. Data | Forex Trade Signal Review
The Aussie and Kiwi dollars are sharply lower on USD strength following stronger-than-expected U.S. economic data that supports the idea that the Federal Reserve could soon signal a pull back on monetary support. Particularly for NZD, that would reduce any expected yield advantage if central banks are effectively tightening policy broadly in concert. AUD/USD is […]