Gold clings to its daily gains, navigating the $4,530 region per troy ounce in the latter part of Wednesday’s NA session. In the meantime, upside attempts remain limited as rising inflation concerns, expectations of a more hawkish Fed and escalating geopolitical tensions in the Middle East continue to underpin the US Dollar and weigh on the yellow metal.
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BofA FX strategists see accelerated de-dollarisation, bearish on dollar Source link
There are plenty of events on the economic calendar this week but still just not today, at least for Europe. Major currencies are keeping little changed for the most part, with USD/JPY down slightly on the day as traders continue to digest the political developments in Japan. Meanwhile, the antipodeans are a touch lower owing…
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GBPJPY jumps above 188.00, confirming a higher low A break above 193.50 could brighten the picture A move below 183.70 may turn the outlook back to bearish GBPJPY traded higher on Thursday, clearing the key resistance (now turned into support) barrier of 188.00. The move confirmed the higher high at 183.70, which cancels the bearish…
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