I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Information is not investment advice
Performance in 2020: +1.6%
Last day range: $1,481 – $1,560
52-week range: $1,266 – $1,700
Recently, the US Fed announced an unprecedented “all-inclusive” quantitative ease program that aims to shield the American economy from the risk of high borrowing costs. Consequently, that should reassure available funding at healthy rates and keep the economy going. This action switched the investors’ mood. Previously, they were dumping all assets including gold in order to ensure cash at hands – that’s why the precious metal has been losing value for the last two weeks, and the US dollar has been mostly growing stronger. Now, with the Fed’s measures, the cash circulation in the economy appears to be somewhat guaranteed. Hence, the investors are getting back to the healthy flight to safety mode. Consequently, gold gets back to enjoy high demand and rises in value. Goldman Sachs comments this may be a good moment to buy the precious metal.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus