Gold traded around 4,650 USD per ounce on Wednesday, remaining near three-month highs. Investors are awaiting the latest PCE data – the Federal Reserve’s preferred measure of inflation. Attention is also gradually shifting to Fed Chair Kevin Warsh’s speech at the annual Jackson Hole Symposium on Friday. However, markets do not expect him to provide […]
The post Gold Remains on Its Pedestal: All Eyes on PCE appeared first on ActionForex.
The ECB raised interest rates and struck an optimistic tone, but this proved insufficient to bolster the EURUSD. Accelerating inflation in the US is reinforcing confidence that the Fed will raise rates. The ECB’s rate Read more…
Gold is trading near 4,322 USD per ounce on Friday after falling by almost 2% in the previous session. Investors are now awaiting US consumer inflation data, which could further strengthen expectations of a Federal Read more…
No change in EUR/USD’s outlook and intraday bias remains neutral. On the downside, sustained break of 55 D EMA (now at 1.1564) will argue that rebound from 1.1323 has completed as a three wave corrective Read more…