by SignalsFactory Staff | May 31, 2023 | Uncategorized
Gold Price extends recovery despite firmer US Dollar, justifying downbeat Treasury bond yields. Cautious mood ahead of voting on US debt ceiling deal in House, mixed US data allow XAU/USD buyers to keep the reins. Sustained break of $1,950 resistance confluence, now...
by SignalsFactory Staff | May 29, 2023 | Uncategorized
EUR/USD Bounces Out of Oversold Territory as a Return to 1.0800 Beckons. GBP/USD Looking to Capitalize on US Debt Deal as 100-Day MA Provides Support. Low Liquidity Expected Today as we Have a Bank Holiday in Both the US and the UK. What is supposed to be a low...
by SignalsFactory Staff | May 26, 2023 | Uncategorized
EUR/USD returned some of the week’s losses on Friday The move was modest though and the bears remain in charge This week’s news of German recession makes the ECB’s balancing act harder The week’s big news was that Germany slipped into recession in 2023’s first...
by SignalsFactory Staff | May 24, 2023 | Uncategorized
USD/JPY is like all other pairs focused on US debt negotiations However, interest rate differentials hugely support the Dollar GBP/JPY remains bid as UK inflation numbers strongly suggest rates must rise further The Japanese Yen remains close to six-month lows against...
by SignalsFactory Staff | May 23, 2023 | Uncategorized
Gold price drops closer to its lowest level since early April amid modest US Dollar strength. A combination of factors keeps the US bond yields elevated and underpins the Greenback. Looming recession risks could lend support to the safe-haven XAU/USD and help limit...
by SignalsFactory Staff | May 22, 2023 | Uncategorized
US debt ceiling talks continue as default deadline day nears. US dollar technical outlook remains positive despite Friday’s sell-off. US debt ceiling talks continue tomorrow with President Joe Biden meeting House Speaker Kevin McCarthy with Treasury Secretary Janet...
