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GOLD: US Dollar Hits Supply Zone, What Next?

Here's the latest news from Federal Reserve Chair Jerome Powell. While speaking at a conference in Portugal, Powell expressed optimism about the US economy and decreased the possibility of a recession, stating that the economy has shown resilience and is still growing, albeit at a modest pace. He acknowledged the possibility of a recession but

XAUUSD Is Ready To Reverse

Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's check the news moving the markets today! The yen fell to a new low against the dollar, breaking 145 for the first time in seven months. Experts believe China's recovery will fail because the government has launched a consumption-driven growth

News digest for Wednesday 28/06/2023

Wednesday is here! News is here too. The European Central Bank news Luis de Guindos from ECB: ‘Inflation is more resilient than expected’ and ‘ECB to raise the rate in July.’ RTRS says, ‘ECB members are leaning towards further rate hikes. Also, consider accelerating the reduction of the ECB's balance sheet.’ The EURUSD is trying