Gold Price Prepares to Breakout as FOMC Rate Decision Nears

FOMC Rate Decision and Gold (XAU) Price, Analysis and Chart Gold remains constrained but a breakout looms. FOMC will begin cutting interest rates next Wednesday. Q3 2019 Gold Forecast and…

GBPUSD Breaks Down, Boris Johnson Bounce Fades

Brexit News and Sterling (GBP) Price, Chart and Analysis: GBPUSD fading lower, nears fresh 27-month low. EU says UK’s new Brexit demands are ‘unacceptable’. Q3 2019 GBP Forecast andTop Trading…

ECB-Inspired Worries About Fed Action Knock APAC Stock Markets

Asian Stocks Talking Points: All major indexes were lower on Friday afternoon Investors seem to be looking with more concern towards this month’s Federal Reserve policy meeting A mixed Wall…

US Dollar Turns to GDP Data & Fed Rate Cut Bets

US DOLLAR EYES Q2 GDP REPORT & JULY FED MEETING USD currency traders will turn to upcoming Q2 US GDP slated for release Friday at 12:30 GMT US GDP data…

EUR/USD Reverses on Draghi, Turkish Lira Rises Despite Record Rate Cut

MARKET DEVELOPMENT – ECB Promises, Turkey Delivers DailyFX 2019 FX Trading Forecasts EUR: Wait till September is the message from the ECB. The Euro dropped in reaction to the monetary…

EURUSD Drops as ECB Paves Way for Rate Cut and QE Restart

Talking Points: ECB changes forward guidance towards easing, rate cut warranted in September New round of bond purchases will be announced Tiered rates may be introduced to mitigate negative rate…

UK PM Boris Johnson Doubles Down on Brexit

UK PM Boris Johnson News and Sterling (GBP) Price, Chart and Analysis: The UK will leave the EU on October 31, ‘no ifs or buts’. Sterling volatility expected to rise…