"The Federal Reserve will keep monetary policy looser than previously anticipated in the months ahead as global economic headwinds prompt officials to postpone their hiking plans until the second half of 2016."
- BMI Research (based on CNBC)
Pair's Outlook
American currency weakened across the board yesterday, while pushing safe-haven prices further to the upside. XAU/USD penetrated 200-day SMA for the first time since October, while nearing the first monthly resistance at 1,143. This supply is strengthened by weekly R2 and 2015 downtrend at 1,145/47. A climb above them will shift our attention to the May-Oct trend-line at 1,164. Alongside, ability to fix gains above 200-day SMA on Thursday will proclaim that bullish sentiment is strong. As for daily aggregate technical indicators, the signal is maintaining a mixed stance today.
Traders' Sentiment
Over the last 24 hours of trading the share of long positions on the SWFX market dropped by two percentage points to 53% from 55%.
- BMI Research (based on CNBC)
Pair's Outlook
American currency weakened across the board yesterday, while pushing safe-haven prices further to the upside. XAU/USD penetrated 200-day SMA for the first time since October, while nearing the first monthly resistance at 1,143. This supply is strengthened by weekly R2 and 2015 downtrend at 1,145/47. A climb above them will shift our attention to the May-Oct trend-line at 1,164. Alongside, ability to fix gains above 200-day SMA on Thursday will proclaim that bullish sentiment is strong. As for daily aggregate technical indicators, the signal is maintaining a mixed stance today.
Traders' Sentiment
Over the last 24 hours of trading the share of long positions on the SWFX market dropped by two percentage points to 53% from 55%.