GBP/USD, DJIA Outlook: Support Levels Meet Oversold Risks
GBP/USD and the Dow test key support levels as rising Treasury yields, Fed rate-hike expectations and oversold momentum increase reversal risks.
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GBP/USD, DJIA Outlook: Support Levels Meet Oversold Risks
GBP/USD and the Dow test key support levels as rising Treasury yields, Fed rate-hike expectations and oversold momentum increase reversal risks.
Gold forecast: XAU/USD could take a larger dive after the big rise in yields
Gold prices have been falling in the last few days after last week’s post-FOMC pop faded amid rising interest rate expectations, higher oil prices and a strengthening US dollar. As before, I wasn’t convinced gold would thrive in the current macro backdrop.
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