Spot gold regained traction on Monday, but gains were limited, retracing the small part of Friday’s 1% drop. Near-term action lack direction but is expected to keep overall positive bias while holding above key supports at $1840 zone (200DMA/Fibo 38.2% of $1786/$1874 upleg/trendline support). Bulls need to break above $1867/$1874 pivots (Fibo 38.2% of $1998/$1786/last […]
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Market Picture Market capitalisation has fallen 2% in the last 24 hours to $3.30 trillion. Bitcoin, stuck near past highs, quickly spoiled the market’s mood, triggering a local profit correction after the rally. An active Read more…
In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…
Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…