Gold Price Forecast: XAU/USD Bulls to Face Critical Fibonacci Level
Gold has been able to pick up some bullish momentum on the back of the latest US CPI data, but are buyers strong enough to break a key resistance?
Source: dailyfx.com
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Top News In Key Talking Points Today - Breaking & Trending Today
Euro Outlook: EUR/USD at Risk of Falling Below 1.17, Focus on US CPI
: The Dollar has been building on last week’s gains leaving EUR/USD just above 2021 low ahead of US CPI data
Source: dailyfx.com
DAX 30 Rejected Again at 15,800; ZEW Sentiment Slumps on Gloomy Outlook
The DAX 30 struggles to build demand as sentiment sours on rising Delta variant in the US and China
Source: dailyfx.com
GBP/USD Running Out of Steam as 1.40 Falls in Sight, Focus on US PCE
GBP/USD Running Out of Steam as 1.40 Falls in Sight, Focus on US PCE Key Talking Points: US PCE data is widely anticipated as price pressures start to subside elsewhere GBP/USD is trading just shy of the 1.40 mark for the first time in 5 weeks as a less hawkish Fed withdrew some support for an already weakening Dollar. The pair was already on a stronger path higher since bouncing off the 23.6% Fibonacci retracement (1.3577) on the 20th of July as the Pound staged a strong bounce higher after seeing increased bearish pressure on the back of rising Covid-19 cases leading into “freedom day”....
Source: dailyfx.com
Muted Reaction to US CPI Puts Further Bearish Pressure on USD/CNH
The US Dollar fails to bounce higher after stronger than expected US CPI, causing USD/CNH to fall further
Source: dailyfx.com