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XAUUSD analysis, price supported by uptrend trendline.
#XAU/USD#
Please Support this Idea with LIKE if it is Useful.... XAUUSD The price is supportedby an uptrend trendline,If price continue to hold above the trendline Support then I expect the price to continue to grow. For Entry: Wait for the formation of Bullish Candlestick Pattern t
FOMC Minutes: Pessimistic view of US economy
FOMC members at July 28-29 meeting voice concern on the depth of virus economic fallout. Members are skeptical about yield curve control, the setting of longer-term rates through Treasury purchase and sales, Joseph Trevisani, an analyst at FXStreet reports.
Key quotes
“Members were duly pessimistic
The negatives for the NZD (in summary) … and yet here it is at 0.66
The weaker US dollar is a boon for the kiwi, not that a boon is what is being sought right now. The RBNZ for one would like the currency lower.
The NZD has been an underperformer over past weeks, but it has shaken that off so far this week to get back to 0.66.
The NZ government has shown itself to
Apex Clearing Names New President and Head of Advisory
Photo: FM
Apex Clearing, which offers clearing and custody services for robo advisors, has onboarded two financial services and wealthtech veterans to take on influential roles, having installed Tricia Rothschild as President and Tom Valverde as General Manager and Head of Advisory.
Tricia lands a
White House Chief of Staff Meadows: US Pres. Trump is ready to use executive action
By the end of Wednesday’s jostling over the much-awaited stimulus, White House Chief of Staff Mark Meadows sounds disappointed and highlighted US President Donald Trump’s readiness to use executive orders to overcome the policy deadlock.
Key quotes
Will meet with House Speaker Nancy Pelosi and Sena
US dollar's role as global reserve is at risk - Goldman Sachs
Goldman Sachs has warned that the US dollar's reign as the world's reserve currency is coming under threat, as evidenced by the recent surge in gold's rally.
Indeed, the greenback faces several risks in the form of twin deficits, Federal Reserve's aggressive money printing, increased political unce
Renewed Support Anticipated For Indonesia Stock Market
The Indonesia stock market on Wednesday ended the two-day winning streak in which it had picked up almost 50 points or 1 percent. The Jakarta Composite Index now rests just above the 5,075-point plateau although it figures to rebound on Thursday.
The global forecast for the Asian markets is upbeat o
Italy to seek proposal to boost budget deficit to 11% of GDP
Italy's Prime Minister Giuseppe Conte will likely parliament's approval to boost spending by about 10 billion euros ($11 billion) to revive the sagging economy, government officials said on Tuesday, according to Bloomberg.
The proposal would boost Italy's budget deficit to 11% of its gross domestic
USD/JPY sellers attack 107.00 despite Japan’s worrisome export numbers
USD/JPY drops from intraday high after an initial positive reaction to Japan’s downbeat trade numbers.
Japan’s May month trade figures follow the footsteps of weak Reuters Tankan Survey readings.
The market’s risk-tone sentiment remains mildly positive after the previous day’s upbeat performance.
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