Gold Sees Heavy Selling Ahead Of Key FOMC Minutes Event
The 4-hour chart of XAU/USD indicates that the price even declined below $4,550, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours). A low was formed at $4,480, and the price is now consolidating losses.
Kihara Expects Bank of Japan to Align with Government on Monetary Policy
Kihara anticipates that the Bank of Japan will collaborate closely with the government to uphold a monetary policy aimed at achieving its inflation targets. This signals continued commitment to managing inflation through coordinated efforts.
Silver Price Forecast: XAG/USD steadies near $74.00; ascending channel breakdown in play
Silver Price Forecast: XAG/USD steadies near $74.00; ascending channel breakdown in play
US to Reduce Troops in Europe to Lowest Level Since Pre-Ukraine Invasion
The United States plans to cut its military presence in Europe to the lowest level since before the Ukraine invasion, according to the Financial Times. This move signals a shift in US defense posture amid ongoing regional tensions.
Metals Suffer from Their Upside Fake-Out: Silver (XAG/USD) and Gold (XAU/USD) Outlook
Precious metals surged higher last week, only to quickly reverse and drop due to weak price levels. It looked like metals were gaining control, with strong rallies reaching new two-month highs.
PBOC sets USD/CNY reference rate at 6.8397 vs. 6.8375 previous
PBOC sets USD/CNY reference rate at 6.8397 vs. 6.8375 previous
The Warsh Trade and the US Dollar: EUR/USD, GBP/USD and Dollar Index Overview
Kevin Warsh was confirmed as the next Federal Reserve Chairman after a lengthy, unpredictable political process and financial markets are already experiencing significant changes.
EU Lawmakers Reach Provisional Agreement on EU–US Trade Deal Legislation
EU lawmakers have agreed provisionally on legislation related to the EU–US trade deal, according to the Cyprus EU Council Presidency. This development marks a significant step forward in formalizing trade relations between the EU and the US.
EU and US Reach Deal to Stabilize Trade Ties with Ongoing Negotiations
The European People’s Party announced a deal aimed at stabilizing trade relations between the EU and the US, while allowing for continued discussions on unresolved issues. This agreement is expected to improve economic cooperation between the two entities.
US-EU Reach Agreement on Tariffs, Boosting Stability for European Businesses
The European People’s Party announced that an agreement on US tariffs has been secured, offering greater clarity and stability for European companies engaged in transatlantic trade. This development is expected to improve the business environment between the US and Europe.