Gold rebounds on the back of a weaker US Dollar

By | June 21, 2018

The yellow metal rebounds from 6-month lows as DXY extends losses. Gold heads for first daily gain after four losses in-a-row. Gold erased daily losses and climbed toward the $1,270/oz area. The yellow metal bottomed at $1,261.30, the lowest intraday level since December 20. Recently the metal reached $1,268.90 slightlky below the Asain session highs.… Read More »

IMF’s Lagarde: Series of tensions from trade tariffs are key risk to euro zone growth

By | June 21, 2018

The International Monetary Fund (IMF) Managing Director Christine Lagarde is out on the wires now, via Reuters, providing key quotes found below. Euro zone needs capital market union to improve financing for companies. Euro zone deposit insurance scheme should be considered sooner rather than later. Euro zone fiscal capacity could be based on a rainy-day… Read More »

AUD/JPY compressing near multi-month lows

By | June 21, 2018

The FX barometer of risk tried to break to its lowest level since November 2016 this week. And with bullish momentum sorely lacking, we’re seeking opportunities to enter short. We can see on the weekly chart that price action has been confined to a choppy range between the 80.50 to 84.50 area since… Powered by… Read More »