Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

Bearish Canadian GDP Print Fails to Push Loonie In Either Direction

– Canadian annualized GDP grew at a decelerating pace in the 4th quarter: 1.7% vs 2.1% estimated – Household consumption exhibits signs of weakness while investment remains strong – USDCAD doesn’t hold onto gains has Loonie trades narrowly – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage […]

GBP to Push Higher if UK Inflation Grows

Talking Points – UK inflation may hit 3.0% prompting BoE governor Carney to explain to Chancellor Philip Hammond why. – UK consumer spending may be crimped further, hurting growth. Looking for trading ideas? – Get your free DailyFX Third-Quarter Trading Forecast and Trading Guide here. The British Pound has enjoyed a healthy run in the […]