US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
US Dollar (DXY) Price and Chart Analysis Are markets too optimistic ahead of today’s CPI release? Technical support for the US dollar looks fragile. Recommended by Nick Cawley Download our brand new USD forecast A range of financial markets remain risk-on ahead of the latest US inflation report which is expected to show price pressures […]
DXY Triple Zigzag To End Near 101.41
The DXY index chart shows the end of the global corrective trend. This took the form of a triple zigzag consisting of cycle waves w-x-y-x-z. Prices have now formed a bearish triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag pattern. It seems that the sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ have ended. In the near future, the price is expected to […]
Gold hits fresh 8-month high on China reopening hopes
Gold futures touched a fresh 8-month high Wednesday as traders bet that China’s decision to drop COVID-19 restrictions on its economy would continue to boost prices of precious and industrial metals. Price action Gold futures for February delivery GC00, +0.23% GCG23, +0.23% rose by $5, or 0.3%, to $1,889 per ounce on Comex, according to […]
Dollar Index (DXY) Eyes U.S. CPI
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure […]
Gold prices end lower after a 4-session rise to their highest since June
Gold futures finished lower on Thursday, posting their first loss in five sessions, as traders booked profits in the wake of the metal’s rise to its highest price since June. Price action Gold for February delivery GC00, +0.04% GCG23, +0.04% fell $18.40, or 1%, to settle at $1,840.60 per ounce on Comex. Prices for […]