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Gold prices surged after economic data fueled Fed pivot bets. XAU's rally, fueled partly by short covering, may end soon, especially if the Fed sends a stronger response to ardent investors. The weekly price was bounced from 200 SMA at 1680 to above for the primary bullish trend to be resume if the price breaks 1814 resistance level to above with 1878 possible target to re-enter in the long term sotuation. more...
Germany's wholesale price inflation slowed for the third straight month in July but remained at an elevated level due to higher raw material costs, Destatis reported Monday. more...
The services sector in New Zealand continued to expand in July, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 51.2. more...
] NZD/USD rose in the aftermath of a softer US dollar post-CPI. NZD weighed down by proximity to China as US-China tensions flare up. more...
[QUOTE=TheNews;161004] The Federal Open Market Committee (FOMC) Minutes may drag on the US Dollar should the central bank show a greater willingness to implement smaller rate hikes. The daily price is on ranging near and around Weekly Pivot at 105.88 for the possible bearish rebersal to be started or for the bullish trend to be continuing. Conslusion: neutral waiting for direction. more...
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