Latest Breaking News On - Senior currency - Page 13 : comparemela.com
All-Time Highs for Stocks as US Inflation Rates Surge, What s Next?
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
FX Week Ahead - Top 5 Events: UK & US Inflation Rates; BOC & RBNZ Rate Decisions; Australian Jobs Report
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Copper Price Forecast: Technicals Stabilizing, Fundamentals in Question
Advertisement
Copper Price Outlook:
Copper prices have almost staged a meaningful recovery in July. Just not quite yet as more technical resistance remains overhead.
The demand side hasn’t recovered since news out of China that the government would release industrial metals stockpiles to cool their respective rallies.
Trading is a function of both price and time; the technical uncertainty can be resolved either through a correction in price action or more sideways chop.
Minor Recovery Thus Far
Ever since late-May, when news has emerged from China that officials would take steps to curb “unreasonable” price appreciation in industrial metals by releasing inventories, copper prices have been under pressure. But with the drop in US Treasury yields alongside US equity markets pushing to fresh record highs (again), risk appetite is on the up-and-up, offering narrative relief for embattled copper prices.
Gold Price Forecast: Still in the Technical Woods - Levels for XAU/USD
Advertisement
Gold Price Outlook:
Gold prices have staged a modest recovery over the past week, but remain deep in ‘the technical woods.’
With a cluster of Fibonacci levels above, it would appear that gold prices aren’t out of ‘the technical woods’ until 1835 is achieved.
According to the IG Client Sentiment Index, gold prices have a bullish bias in the near-term.
Questions Remain
Gold prices have enjoyed a small but consistent rally at the start of July, consistent with recent seasonality trends that peg gold for having one of its best months of the year. Fueled by falling US real yields in recent days – the slump in long-end US Treasury yields has outpaced the decline in inflation expectations – gold prices find themselves attempting to ‘turn the corner,’ technically speaking.
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.