08 AUG 15:54
Trade Of The Week: What Next For Gold As Focus Shifts To US CPI?
Gold kicked off the week on a steady note despite last Friday’s blowout jobs report cooling recession fears and reinforcing expectations for more aggressive Federal Reserve interest rate hikes.
28 JUL 11:14
Technical Outlook: Dollar Weakens On Less Hawkish Fed
Earlier in the week, we questioned whether another jumbo Fed rate hike would be enough to satisfy dollar bulls. Well, we got our answer yesterday evening after the Federal Reserve raised interest rates by 75bps for the second straight month to tame inflation.