Recovery rally from $1860 (Feb 6 low) extends into fourth straight day and accelerated on Thursday, underpinned by weaker dollar. Although the recent recovery was steady, gains were rather small and continued to face headwinds, signaled by long upper shadows of daily candles. This suggests that despite the near-term price action is supported, upticks are […]
The post XAU/USD: Gradual Recovery May Lose Traction and Turn Price to Sideways Mode appeared first on Action Forex.
Daily Pivots: (S1) 158.23; (P) 158.60; (R1) 159.34; More… Intraday bias in USD/JPY remains on the upside as rise from 152.07 is still in progress. Firm break of 159.44 will target 161.94 high next. On Read more…
Global markets have entered a fragile calmness as investors await the next major catalyst. With only second-tier data scheduled and Fed officials in their pre-meeting blackout period, the usual policy signals that guide markets are Read more…
Bill Ackman is making waves yet again, marking another run at the public markets. However, there is a difference. This time around, Ackman is giving investors something much more exciting. Ackman’s Pershing Square filed documents Read more…