The gold price is pressing overnight highs as the US Dollar struggled to get a grip and CPI data revealed growing price pressures down under. How high can gold go?
From a trader’s perspective, what should be interpreted from a market that earns a technical break but then fails to generate the follow through that such a move would suggest? The S&P 500 has definitively cleared 4,000 but there was no follow through this past session. Can MSFT earnings or the forthcoming US GDP change the tempo?
After a significant level of intraday volatility, the major US indices managed to close firmly in the green Thursday. And yet, the backdrop of the market continues to undermine enthusiasm for developing technical moves into genuine momentum. For the Dow’s range, that seems fitting but the Nasdaq 100’s key break will rouse discord.
The bullish trend in Gold continues to hold even as bulls have begun to face a bit of turbulence around the prior ATH of 1923.
The South African Rand has fallen back into a narrow range after the Reserve bank cut growth forecasts and raised rates by a softer 0.25%.
GDP continues to show the US economy’s resilience despite warnings of a growth slowdown. Even the employment data showed positive signs in an already tight market
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The first look at US Q4 GDP hits the screens shortly and cable (GBP/USD) traders will be watching this release closely
EUR/USD looking to break key long-term resistance around 1.0930. Will US GDP data provide the needed catalyst?
Brent crude oil prepares itself for key US economic data later today as it starts off the European session on the backfoot.
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