Most major Asian equity markets traded positively as the region took impetus from the record-setting session in the US where the S&P 500 notched a record close.
Tag - gold
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend.
XAU/USD is edging higher, but may meet soon the strong resistance. What is the forecast?
The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020.
Europe’s poor vaccination rollout keeps pressing down the euro. Unlike Europe, the USA is in a much better position now. Thus, EUR/USD is likely to dip further this week. Gold is likely to fall as well amid the strong USD. Watch the video to get more trade ideas for this week!
Gold surged as US real yields dropped for the third time in four sessions. However, XAU/USD has lost its steam and slightly dropped. So, how to trade it now? Watch the video!
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
XAU/USD: Gold facing a further consolidation on 23.6% retracement area
Stocks especially tech ones dropped on Tuesday on concerns over inflation. Gold is viewed as a hedge against inflation, that’s why it’s trading now near the three-month high.
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…
The market sentiment is risk-on on Tuesday. The US dollar dipped, while risky assets are rallying up. Jump in to get fresh trade ideas!