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Gold edging lower as USD/JPY and US yields lift
Gold was trading above $2,040 per ounce ahead of the US PCE reports. It has since edged back a little, but it is not exactly falling by that much yet. The slight fall comes as the USD/JPY regains the upper hand and US yields edge higher at the same time. Of course both those trades are linked and it is the US yields that are driving the show for the Yen and gold. The metal closed in the US last night at $2,044.24 and it has not really spent much time above that closing level so far today. The high seen much earlier was set at $2,047.23, but as I said, for most of the day it has been trading below 2,044. It is currently trading at $2,039.70
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
