Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Is gold going to break above $2,048 this time?
The further falls in the USD/JPY this afternoon following the release of the US Q3 GDP and PCE data has sent the USD/JPY down close to 142 a short while ago and that has provided a boost for Gold. Prior to that the metal had been floundering a bit, but since the US data releases, it has lifted back above $2,040. The price actually spiked to a high at 2,046 immediately after that data, but it has backed off since. So, for now the noted double top in place on the daily chart is still capping the topside. At the same time, the daily chart dynamic continues to support a move higher. Sooner or later we are going to find out, if this is going to play out that way, or not. Gold is just now trading at $2,042.75
Market News
All News-
A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
