The gold price recently has revisited $1,750. What are we to expect?
Tag - gold
The market's sentiment is generally neutral and indecisive, although still positive and inclined to risk.
The risky mood is getting back in the Forex market pushing the risky currencies in line with the USD/JPY upwards.
The US Fed's dovish announcement last Wednesday made the USD gain against riskier currencies.
We are looking forward to the main event of this week - the Federal Reserve meeting
A temporary return of risk-off pushed XAU/USD upward after the recent pullback.
What are the key levels now?
The week starts positively, but on a milder note compared to some aggressive gains achieved recently; with the exception of the USD/JPY, the US dollar is generally weak.
The ECB unveiled more asset purchases than expected. EUR went up, but can reverse soon. What is the forecast?
The USD is trying to retrace losses versus other major currencies, while traders await comments from the ECB…
As the risk-on mood stays in the market pushing the AUD to beat new local highs, the USD goes down, gold - sideways, and the oil price - up.
The market sentiment is mixed as Donald Trump didn't impose direct sanctions on China and protests continue in the USA.