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US dollar dynamics and Fed speak in focus for near-term trading impetus

US dollar dynamics and Fed speak in focus for near-term trading impetus

“Gold is benefiting from the risk-averse market conditions, thanks to the renewed concerns about coronavirus restrictions in Asia. A foremost covid outbreak haunts Taiwan and Singapore whilst India and Japan war with rising instances and…

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GBP/USD moved into a consolidative phase – UOB

GBP/USD moved into a consolidative phase – UOB

Cable is now poised to navigate within the 1.3800-1.4000 home in subsequent weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘the swift and sharp drop appears to be running before itself but there’s no sign…

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Gold Price Analysis: XAU/USD desires to crack key $1803 degree for extra recovery

Gold Price Analysis: XAU/USD desires to crack key $1803 degree for extra recovery

Weekly closing above Nov 30 low gives a ray of hope for XAU/USD. The bearish bias stays intact till gold stays beneath 21-DMA. The recuperation mode ought to lengthen into Asia’s weekly opening. Gold (XAU/USD)…