Domestic gold prices surge 10% amid global rally and central bank buying
The reduction in import duties has further spurred
The post Domestic gold prices surge 10% amid global rally and central bank buying appeared first on ForexTV.
The reduction in import duties has further spurred
The post Domestic gold prices surge 10% amid global rally and central bank buying appeared first on ForexTV.
Daily Pivots: (S1) 1.1598; (P) 1.1631; (R1) 1.1662; More… Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.1917 is in progress and deeper decline should be seen to 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1682 minor resistance will…
UPCOMING EVENTS: Monday: PBoC MLF, German IFO. Tuesday: US Consumer Confidence, FOMC Minutes. Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims. Thursday: German CPI. (US Holiday) Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP. Tuesday The…
The USD/CHF pair is growing slightly during the Asian session on Friday and is trading at 0.7675. Despite the local recovery, the pair still remains near multi-year lows, which indicates that the franc is significantly overbought in the face of ongoing economic uncertainty. A key factor in supporting the US currency was the reduction of……
The Canadian dollar posted gains earlier but couldn’t consolidate. In the European session, USD/CAD is trading at 1.4439, up 0.03% on the day. Bank of Canada likely to cut by 25 bps It’s decision day at the Bank of Canada, which is widely expected to lower rates by 25 basis points. This would lower the…
Unless you’re new to the trading scene, then you’ll know that trend trading is one of the most popular ways to trade assets. Because trends can continue to make money until they end, traders spend a lot of time sharpening their trend-trading skills. Here are five questions you can ask yourself when you’re thinking of…
Canadian Highlights Canada’s data deluge showed a cooling trend in November core inflation, which reinforces the Bank of Canada’s shift to a hold stance. Canada’s population saw its steepest decline on record in the third quarter. Weak go-forward population gains should weigh on economic activity and maintain downward pressure on the unemployment rate. Canadian home…