US Dollar Index Slips As US Manufacturing Contracts Again, Gold Nudges Higher
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
The ECB is fully expected to start cutting interest rates on Thursday while the monthly US NFPs follow the next day.
This article solely discusses gold’s near-term technical outlook, analyzing market sentiment and price action dynamics. Potential scenarios that could play out over the coming days are also scrutinized.
US dollar eases, and gold attracts a bid as monthly Core PCE Inflation misses expectations.
This article investigates a bearish trade idea for gold, identifying an important technical support zone that, if broken, could herald a more substantial downward correction.
The second look at US Q1 GDP showed the US economy expanding by 1.3%, inline with market expectations.
