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Gold price chart positioning hints a downturn may be ahead as worries about inflation crop up on Q3 corporate earnings calls, stoking Fed tightening speculation.
USD/CAD Outlook - Daily Price Chart Hints at a Reversal, All Eyes on The Fed Minutes 2021-05-19 11:00:00 Nick Cawley, Strategist Canadian Dollar Price (USD/CAD), News, and Analysis: Long-term downtrend stalls ahead of FOMC. Dragonfly Doji and IGCS suggest a possible move higher. The multi-month USD/CAD sell-off has come to a halt as market participants wait to hear details of the last FOMC decision later today. Traders will parse the minutes for commentary on the two big market issues, inflation and jobs. Any suggestion, even a hint, that the Fed are concerned that inflation may not be as ‘...