Dollar edges lower as Fed policy decision looms By Reuters

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking By John McCrank and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The dollar eased versus its main rivals on Monday, after posting its biggestRead More →

Bulls in charge to the 61.8% Fibo

  Gold prices have recovered a significant portion of the daily drop. Traders will be watching US data and the FOMC Minutes for the week ahead. XAU/USD is trading at $1,779.16 and flat after Friday’s price action. Gold took advantage of a drop in the US dollar on Friday followingRead More →

XAU/USD To Gain on Dovish Fed Speeches

  Key Talking Points: Gold acts as a hedge for central bank inaction XAU/USD nearing key area of support Gold (XAU/USD) has been unable to hold bullish momentum going into Tuesday’s session after recovering from the worst drop since August 2020 last week. The Fed’s acknowledgment regarding inflationary pressures hasRead More →

Busy Week Ahead, GDP, Fed, IMF, Earnings Season

  Canadian Dollar Fundamental Forecast: Neutral   What are the top trading opportunities this year?   The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor TiffRead More →

  Economists at Charles Schwab believe the dollar is in for a long decline for the following reasons: the Federal Reserve has shifted to a zero interest rate policy, U.S. economic growth will likely underperform other major economies due to the coronary virus, political uncertainty is rising, and the growingRead More →