News

Gold & Equities close the week positively

15/02/2019

Gold (XAUUSD) is making some interesting progress on the charts as it rallies above daily resistance at $1314, but it’ll be interesting to see if it can maintain this positivity through to the end of the week’s trading session in New York. If it manages to close above this level; we will likely see a period of positive consolidation, rather than this being the launchpad for a renewed assaults on historic highs, but it’s a step in the right direction for Gold Bulls, and will surely be welcomed.  Equity markets are also closing the week in very welcome territory with all the major indices looking good, even the #UK100, which has shrugged off it’s current Brexit jitters. Or perhaps traders are bored with trying to trade off the hypotheticals around political matters and are instead turning their focus to fundamentals, most of which look pretty positive despite the ludicrous rhetoric surrounding the “No Deal” Brexit, mainly emanating, it must be said, by people who are heavily subsidised by the EU.

Share this news

Related posts

Economic 2019-07-31_FOMC.png

Countdown to FOMC on 31st of July

31/07/2019

Market expects 0.25% rate cut on 31st of July 2019

Read more
Calendar Calendar.jpg (1)

The week ahead 15.07.2019

15/07/2019

Upcoming releases next week

Read more
Stock Market US stock-exchange.jpg

Stock market rally

10/07/2019

Stock market rally after Powell transcript

Read more
Forex News yen.jpg

Dollar Yen breaks lower

24/05/2019

Dollar Yen breaks lower

Read more