Gold Price Forecast: XAU/UISD remains a lose-lose trade despite the US-Iran peace deal
Gold is refreshing weekly lows near $4,175 in Friday’s Asian session as sellers refuse to give up and look to clinch a third straight weekly loss.
Read More
Back above 100: Kevin Warsh’s first Fed meeting sparks US Dollar rally
The US Dollar Index (DXY) did a phoenix comeback, rising from its ashes and reconquering 100. The reasons behind the US Dollar rally are pretty clear: the Memorandum of Understanding (MOU) between the United States (US) and Iran, and a hawkish Federal Reserve (Fed).
Australian Dollar Price Forecast: Initial contention comes at 0.7000
The Aussie Dollar is still looking for a fresh catalyst to resume its upward trend, which began in late March and appears to have lost momentum ahead of the 0.7300 hurdle in early May.
$60 billion of forced buying: Who gets to sell SpaceX into it?
The Elon Musk-founded SpaceX (SPCX) has spent its first few sessions on Nasdaq doing exactly what an engineered float is built to do: holding firm because almost nobody is allowed to sell.
Regime change: Inside Kevin Warsh’s first move to make the Fed unreadable on purpose
The rate did not move. That was the least interesting thing about Kevin Warsh’s first meeting in charge of the Federal Reserve (Fed).
$4,300 reclaimed: Gold bounces as US-Iran peace deal signing offsets Fed’s hawkish hold
Gold is recouping losses above $4,300 in Thursday’s Asian session as the dust settles in the aftermath of the US Federal Reserve (Fed) monetary policy decision and the signing of the US-Iran peace deal.