Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Gold: no rush to the upside
Information is not investment advice
In one of the recent articles, we tried to make a trajectory for the gold price based on the December chart. Well, we were wrong - that's how you reality-check your projections. Gold did not follow the upward channel similar to the one it was in December and got down to 1 845.
That means, the tactical support of 1 825 should be the baseline level for bears to aim at, and 1 875 is the key resistance so far. In the mid-term, a sideways dynamic seems to be the most probable scenario.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.