Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold extends rebound gains to $2,625
Following on from the previous update, noting the drop below 154 earlier today in the USD/JPY, Gold has extended its move above $2,600. The metal had lifted to just above $2,615 yesterday and closed in the US at $2,611.83. As with the USD/JPY, the fall in US yields has been the driver for the move higher in the metal today, which has hit a session high so far, at $2,625.59. The next technical level of note would be the November 12 high, at $2,627.19 and after that the 50 day moving average, in place right now at $2,656.00. Of course, if US yields continue to fall back, it will endorse the outlook for more of a corrective move higher. Naturally, the opposite would seem to also apply. Gold is currently trading at $2,623.15
Market News
All News-
Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
