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A strong move higher on Wall Street into the close on Friday has helped to sustain a more positive attitude to risk into the new trading week. It may be Memorial Day in the US, but the risk rally is holding.
With concerns over the US banking crisis, the Federal Reserve has hinted that the latest rate hike may be the last. The USD is under renewing selling pressure.
There has been a subtle but significant shift in sentiment for the USD in recent weeks. Weakness is no longer triggering decisive buying. This could be the early signs of an end to USD outperformance.
12th November 2020
Gold – Fresh bearish break through flag pattern on intraday charts
Gold gained some positive traction on Tuesday, albeit struggled to capitalize on the move and faced (...)
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