Gold closed the week at $1,183.16 up $24.61 per ounce (2.12%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.45%. The U.S. Trade-Weighted Dollar Index lost 2.40% for the week. Gold Market Strengths Gold traders are the most bullish since the week ending January 2, according to a Bloomberg survey. This shift in sentiment is primarily the result of the dovish tone from the FOMC this week. ...
Please check out the updated FractalsMD and FractalChannelMD indicators for the new MT4. Regards, Igor
The euro is climbing against the dollar again on Friday, rising more than 1.7% to as high as $1.085 as of around 12:40 pm ET. The euro spiked against the dollar when the Fed's latest decisions came out, as the US central bank looked less likely to hike rates in June (which would typically strengthen the dollar). As it stands so far, the euro's depreciation bottomed out five days ago, below $1.05. A lot of people are still ...
US Dollar Forecast– Dollar Trend at Risk and Volatility High Following FOMC Meeting The Federal Open Market Committee (FOMC) meeting this past week certainly set off fireworks in the financial market. Japanese Yen Forecast – USD/JPY Fails to Retain Bullish Momentum Ahead of U.S. CPI, 4Q GDP In light of the market reaction to the Federal Open Market Committee’s (FOMC) March 18 meeting, the fundamental developments coming out ...
Forex Weekly Outlook March 23-27 Inflation data in the UK and the US, housing data from the US, German Ifo Business Climate, US Core Durable Goods Orders, Us Unemployment Claims and Stephen Poloz’ speech. These are the highlights of this week. Follow along as we explore the Forex market movers. Last week, The Federal Reserve removed the word “patient” from its policy statement, increasing the odds for a rate hike in the coming ...
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