FOMC Statement and Advanced GDP are in focus. Get more insights for the new week with AtoZ Markets’ Forex Weekly Fundamental Forecast.
Gold recovers from Tuesday stumble. The following Gold Elliott wave analysis looks at what could happen next ahead of Wednesday FOMC meeting.
Bitcoin has become quite volatile and corrective after having a fake breakout above $10,000 area. Bitcoin still correcting below $10,000 psychological area.
The FTSE 100 index lost 39 points to end at 7646 on Tuesday. The price edged slightly above its high at 7711 before trading lower.
The USDJPY pair will most likely be volatile over the next days as both the central banks are scheduled to decide about monetary policies.
Dow Jones ended 0.09% lower at 27198 on Tuesday. The index failed to trade above 27250 and slumped to an intraday low of 27035 before reversing its losses.
Gold price manages to preserve weekly gains amid reviving safe-haven demand. Bulls seemed to lack strong conviction ahead of the highly anticipated FOMC decision.
After climbing towards the $1353.40 resistance level during yesterday’s session, Gold price directly retreated to settle below $1344 level.
Today, world markets are keenly awaiting the all-important June FOMC meeting on a monetary policy decision. What are the expectations of 14 major banks?
Gold price is on the rise this morning and back above the $1245 level after receiving and big support from the $1335 support level during yesterday’s session.