Gold tested its critical 4,230.70 support after Wednesday’s hawkish Fed hike but held, rebounding on a bullish four-hour divergence—a credible reversal setup that still needs a firm break of 4,368.20 to be confirmed.
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Eurozone annual CPI accelerated from 2.9% to 3.2% in August, while prices rose 0.4% m/m, according to Eurostat’s final estimate. The annual reading was revised below the preliminary estimate of 3.3%, while core inflation excluding Read more…
Markets The Fed and its chair Warsh delivered. The first rate hike, from 3.5%-3.75% to 3.75%-4%, in three years won’t be the last. Yesterday’s vote was unanimous and updated dots (ex. Warsh) show 16 out Read more…
Bank of America delivered a message on Monday, Sept. 14, that worried investors. Chief Executive Brian Moynihan told a financial conference that the bank’s Wall Street businesses are slowing after a strong first half of Read more…