|Day's range||7.041 - 7.041|
|52-week range||6.6648 - 7.0690|
XAU/USD is ready to close positive for the third week in a row. Gold is posting 1.02% gains on the last five days, but the movements are more on a sideways mode above the 1,500 area and contained by the 1,530.
Investing.com - The Australian dollar rose against its U.S. counterpart on Thursday in Asia following the release of better-than-expected jobs data.
Despite positive AUD-specific data, the Aussie pair was heading south to end the day on a negative note. Fiber kept slipping throughout the day shrugging towards upbeat Eurozone and German Q2 YoY GDP data.
According to experts who watch this event as an indicator, a recession happens, on average, 22 months following the inversion. So, fears about a recession jumped, and risk aversion flooded markets.
Investing.com - The Japanese yen rose on Wednesday in Asia despite positive trade news. Underperforming Chinese data and a political crisis in Hong Kong supported the safe-haven currency.
After three adverse closings in a row, the Greenback was underway a positive closing today. After touching the 7.0707 mark yesterday, the USD/CNY pair was heading downside on Tuesday.
XAU/USD jumped to trade as high as 1,535 on Tuesday, its highest level since April 2013. But, US CPI is pushing prices down, and it is currently trading at 1,521, 0.66% positive on the day.
Investing.com - The safe haven yen was trading near seven-month highs against the U.S. dollar on Tuesday as investor sentiment was shaken by a currency crisis in Argentina, unrest in Hong Kong and growing indications that trade tensions are hitting global growth.
Investing.com - U.S. futures pointed to a volatile day on Wall Street, as worsening political unrest in Hong Kong dampened sentiment.
Investing.com - This week investors will have a chance to parse a fresh batch of economic data to gain insights into the health of the global economy and whether central banks will stick to an accommodative monetary policy path.
The Chinese Yuan pair continued to stay sustained within a multi-month uptrend channel. Canadian currency slipped following disappointing Jobs data thereby allowing the Loonie pair to climb fresh heights.
And even worse, experts are now asking themselves how U.S. President Donald Trump will answer to China Yuan depreciation. Think twice, a sanguine temperament person who always wants to looks like the winner.
Investing.com -- The dollar was mixed within relatively narrow ranges Friday at the start of European trading, after the Chinese yuan defied some weak factory gate inflation data to end the week on a stable note.
Investing.com - The Chinese yuan slipped while the Aussie dollar inched up on Friday in Asia as the Reserve Bank of Australia (RBA) said it is ready to ease policy again.
Even today, the sturdy 97.60 resistance handle continued to cap Greenback’s daily gains. ECB mentioned in today’s Economic Bulletin that the US-China trade war would affect the growth of Eurozone.
The data helped stabilize bond yields and, for instance, metal prices such as gold and silver, which are trading in a consolidation pattern.
Investing.com - Gold prices fell on Thursday in Asia as global stock markets recovered on a stronger-than-expected Chinese yuan daily fixing level.
Investing.com - The yuan rose against the U.S. dollar on Thursday in Asia even after the People’s Bank of China (PBOC) set the official reference rate for the Chinese currency at the weakest level since 2008.
Investing.com - The U.S. dollar dove on Wednesday before recovering slightly after U.S. president Donald Trump reiterated his accusations that the Federal Reserve is not cutting rates fast enough.
The ongoing trade war is dominating the headlines, and investors are really concerned about global stability and economic health. It is driving traders away from riskier assets and fueling traditional safe haven assets like gold.