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Gold Forecast: Buyers Looking at $4,200 as Fed Easing Bets Surge – Forex Crunch
Gold forecast edged higher as the dollar lost traction amid rising bets on Fed easing in December. US PPI and Consumer Confidence data showed softness, adding more to the gold bulls. Markets await key US data and Fed commentary to find more clues about gold’s directional bias. The gold forecast has turned higher as the…
OPEC+ is discussing delaying the output hike for Q1 – report | Forexlive
Reuters is out with some headlines on the OPEC+ meeting, which was scheduled for Sunday but was delayed until December 5. OPEC+ is discussing delaying the hike for Q1 To hold further talks in the coming days Scheduled output increase for Jan is among the issues to be addressed None of this is a surprise….
Markets overview. Much ado about nothing – ForexNews.PRO
USDThe broad dollar’s slide at the back end of last week continued through Monday morning and into early afternoon, propelled by yen carry trade unwinds and fears that overly tight Fed policy would tip the US economy into recession. However, as we noted yesterday morning, the sense of market panic looked overdone to us. While…
European stock markets declined amid rising concerns about an energy crisis
The US market ended the session with a moderate decline, although by the close, the main indices had managed to significantly reduce their intraday losses. By the end of the day, the Dow Jones (US30) rose by 0.11%. The S&P 500 (US500) fell by 0.16%. The Technology Index Nasdaq (US100) closed lower by 0.71%. The…
What are the key technical levels in play for the major currency pairs next week | Forexlive
What are the technical levels in play for the major currency pairs vs the USD? EURUSD: USDJPY: GBPUSD: USDCHF: USDCAD: AUDUSD: NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. Source link
