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US Dollar in Digestion Mode, Gold on Pace to Hit Six-Week High

US Dollar in Digestion Mode, Gold on Pace to Hit Six-Week High

53 minutes ago (Ilya Spivak, Currency Strategist)

The US Dollar is in digestion mode as prices stall near familiar technical barriers. Gold is threatening a push to six-week highs after a resistance break. »

Chinese Renminbi, Global Markets Await Chinese GDP

Chinese Renminbi, Global Markets Await Chinese GDP

1:26am today (John Kicklighter, Chief Currency Strategist)

Though the US Dollar has opened the trading week lower, the market’s motivations are more likely a rebalancing in the face of anticipation of volatility rather than a fundamental shift in view for the currency itself. »

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