Gold Rebounds as Stocks Retreat- Is It Time to Buy?
Gold posted a modest recovery this week with the precious metal advancing 2.12% after last week’s 6% decline to trade at $1388 at the close of trade in New York on Friday.
Australian Dollar May Have Scope to Rise Amid Profit-Taking
The Australian Dollar continued to slide last week – yielding the worst performance among the major currencies against its US namesake – as shifting monetary policy expectations undermined demand for the high-yielder.
Japanese Yen Correction to Be Limited- BoJ Rhetoric in Focus
The Japanese Yen bounced back against its U.S. counterpart, with the USDJPY tagging a weekly low of 100.82, and the near-term pullback may turn into a larger correction as the Bank of Japan (BoJ) appears to scaling back its aggressive approach in achieving the 2% target for inflation.
Dollar Could Surge as Markets on the Brink of Something Big
It was shaping up to be a banner week for the US Dollar as the Dow Jones FXCM Dollar Index (ticker: USDOLLAR) powered to fresh multi-year highs, but the suddenly-resurgent Japanese Yen stole the spotlight as it posted its largest weekly gain since August, 2011.
Gold Rebounds as Stocks Retreat- Is It Time to Buy?
Gold posted a modest recovery this week with the precious metal advancing 2.12% after last week’s 6% decline to trade at $1388 at the close of trade in New York on Friday. Is this rally real or should we be looking for fresh short entries?