Gold stabilised near 4,000 USD per troy ounce on Thursday but remained close to its lowest levels in almost eight months. The market continues to face pressure from a stronger US dollar and growing expectations of further monetary policy tightening by the Federal Reserve. The US Dollar Index refreshed its highest level in more than […]
The post Gold Falls to an Eight-Month Low: This May Not Be the Bottom appeared first on ActionForex.
Australia’s latest economic data were supposed to answer one question: has April’s oil shock weakened the economy enough to keep the Reserve Bank of Australia comfortably on hold? Instead, they delivered a more complicated answer. Read more…
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European Central Bank Executive Board member Isabel Schnabel reinforced the ECB’s hawkish stance on Thursday, arguing that the recent ceasefire in the Middle East does not diminish the need for further policy tightening. “The ceasefire Read more…