What the debt ceiling talks mean for markets
Former Fed Chair and current US Treasury Secretary Janet Yellen has once again provided a warning to investors
Former Fed Chair and current US Treasury Secretary Janet Yellen has once again provided a warning to investors
Neither the Republican or Democratic party can afford to be blamed for the unbelievable global uproar the U.S running out of money would create.
Heading into next week, expect for US debt ceiling negotiations to dominate all news flow.
Gold has unexpectedly dropped below $2,000 for the first time since May 1 as a result of significant strength in the USD. More selling in line for Gold?
As we approach the second half of the month, trading sentiment for global markets from a theme perspective could be a stronger Dollar.
The Bank of England are set to raise UK interest rates for the 12th successive meeting – signalling to the market that more gains ahead for the British Pound?
Due to the Fed’s stance to not provide a narrative on the future outlook of interest rate policy at this moment, what Gold buyers will be hoping for is data showing inflationary pressures are cooling off for the United States economy significantly.
Traders should not allow debt ceiling headlines to disguise what is really driving financial market sentiment. The main event for the week in terms of economic data releases will be Wednesday’s U.S. inflation report.
If the selling continues and focus is not diverted somewhere else, questions will soon be asked regarding whether more regional banks will fall.
From the technical outlook side of the charts Gold is clearly bullish and buyers found a fresh round of inspiration after punching through $2000 at the beginning of the week. The precious metal should be a central function of an investor portfolio and for good reason.
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