Dow Jones Industrial Average keeps half a bid nobody made
The Dow Jones Industrial Average holds just beneath 53,500 on Wednesday, up roughly 120 points and 0.23%, having surrendered more than 240 points from a session high just above 53,700.
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115 words, six meetings: Why the Fed keeps shrinking the record
The July minutes arrived on Wednesday and the line that matters sits near the end, in the paragraph most readers will already have scrolled past.
$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap
The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with.
$4,500 about to give up: Why Gold can reconquer its safe-haven status
The US Dollar (USD) is under strong selling pressure on Wednesday, resulting in Gold approaching the $4,500 mark for the first time in over two months.
$4,400 back in sight: Gold bulls regain control ahead of FOMC Minutes
Gold is looking back toward the $4,400 level early Wednesday, reversing a steep pullback seen on Tuesday. All eyes now remain on the Minutes of the US Federal Reserve (Fed) July policy meeting, due later on Wednesday, for fresh trading impetus.
Australian Dollar Price Forecast: Extra gains look likely
Base case: while above the 200-day SMA around 0.6940, spot should maintain the neutral-to-bullish stance. Of note is that the pair is approaching the overbought zone, which carries the potential to, eventually, trigger a “technical” correction.