Fundamental view: Gold fell to an eight-month low on Friday this week to its worst month since November 2016 as a stronger dollar and elevated U.S. Treasury yields hammered non-yielding bullion's appeal. "Rising 10-year yields, along with the U.S. dollar moving higher, and we had a resurgence in risk appetite. All that was a very [...]
USD/JPY has been trading in uptrend after following a series of domestic data events and action on Wall Street. There was a good rally in the greenback and again in Asia due to the pace of the sell trend in US treasuries that has increased sharply even though there was a dovish comment from the [...]
Gold prices has edged lower on Thursday as higher U.S. Treasury yields has dented the metal's appeal, although losses were limited due to a weaker dollar and Federal Reserve Chairman Jerome Powell's dovish comments. The US 10-year Treasury yields step back from 1.3940%, the highest since February, to 1.3810% the latest. Comments from Fed policymakers [...]
In reading a chart for any liquid instrument, traders will notice that prices usually move in continuous peaks and valleys. The direction of these peaks and valleys gives us a lot of valuable information about the price action and direction. They also help us in determining the direction of a trend and levels of support [...]
