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Gold Prices Recoil From 15-Week High as Trump Speech Looms Ahead

gold bars

Gold prices are coming down after gaining maximum price in 15 weeks. This is due to incoming Trump speech. They are now back to where they were around mid-November. This rebound occured after the US stock news were exausted. Fed speach and revised 4th quarter US GDP figures are something …

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US Dollar May Struggle as Trump Speech Overshadows Hawkish Fed

US Dollar

  Everyone is waiting for President Trump’s speech as his fiscal policy is still unclear. The Fed rate hike was met with optimism, but that optimism is vaining. Partyl because Feburary’s FOMC meeting suggested that the rate-setting committe is much more careful than they let on. US Dollar can be …

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Canadian Dollar: Hope Placed On Local Retail Sales

forex money

Canadian Dollar is getting stronger this week. Yesterday’s high of 1.3164 against US Index (peekd at 101.64 today) was almost surpassed. Canadian data coming out today will be something to watch, but FOMC meeting and US unemployment clains will see the US dollar become dominant tomorrow. Crude Oil levels always …

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Gold Price Chart Hints at Topping, Hawkish FOMC Minutes May Help

hand holding a gold bar

Gold price is currently higher from lows during the day, but yesterday’s 1% drop still remains. It is recovering due to USD Treasury bond yields retreated, which sparked new interest into anti-fiat assets. Crude oil prices on the other hand are finally going up, after two montsh they are at …

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Citibank agrees to settle over forex fixing scandal – Eyewitness News

forex money

The case against 18 banks operating in South Africa, both local and foreign that were accused of manipulating the exchange between the local currency, Rand, and US Dollar, is going to the Competition Tribunal. It is also noted that one of the banks, Citibank, has agreed to a settlment offer …

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