Gold Price Forecast: XAU/USD looks vulnerable amid inflation fears, hawkish Fed hold
Gold is fading its bounce from monthly lows of $4,510 set on Wednesday, as buyers lack conviction amid renewed haven demand for the US Dollar (USD)
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Thanks for your service, Mr. Chair Powell
Powell’s departure is probably the most troublesome end of a Federal Reserve (Fed) Chair, despite being the most resolute leader a central bank could have. Indeed, Powell could be labeled as conservative.
Why Gold price faces critical positioning trap ahead of the Fed decision
The Federal Reserve’s upcoming interest-rate decision is key for Gold’s price.
BTC/USD Forex Signal: Possible Bearish Double Top at $79,500
Despite the bearish double top pattern which seems to have completed, the price has been making a firm bullish consolidation above the support level at $76,975.
USD/ZAR: Higher Realms and Light Holiday Volume for Traders
The USD/ZAR is near the 16.53200 ratio as of this writing, but day traders are reminded that South Africa is celebrating their Freedom Day holiday and Forex volumes for the Rand will be extremely thin.
EUR/USD Forex Signal: Volatility Expected Ahead of Fed and ECB Decisions
The EUR/USD exchange rate held steady at 1.1700 on Monday morning ahead of a busy week in which the US and Europe will release their numbers and the European Central Bank (ECB) and the Federal Reserve will deliver their interest rate decisions.