Market move, yesterday we posted the market possible move And today market gives the profit.
Pressured by the disappointing macroeconomic data releases and the dovish tone seen in the FOMC Minutes, the US Dollar suffered heavy losses against its rivals with the US Dollar Index (DXY losing nearly 1% on Wednesday. The DXY stays on the back foot early Thursday and continues to edge lower despite thin holiday trading. Bond and stock markets in the US will be...
1. Gold retreats further from a multi-month top and is pressured by a modest USD uptick. 2. Wednesday’s upbeat US Retail Sales cast doubt on a less hawkish Fed and lifts the buck. 3. Depressed US bond yields and the risk-off mood could offer some support to the metal. Gold extends the previous day's retracement slide from its highest level since mid-August and...