Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish Gold prices are trading moderately up and are at session highs in late-morning action Wednesday. The near-term technical posture for the yellow metal remains bullish, which has invited some fresh chart-based buying interest. The recent “collapse in volatility” on the daily bar chart…

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility Yesterday’s Brexit vote brought about huge volatility as expected, with severe selling in the lead up to the event subsequently reversing once the votes came in. Despite the uncertainty looming ahead, markets seem somewhat unmoved, with tonight’s vote of no confidence unlikely to succeed. The fact that the GBP/USD broke…

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment The Australian Dollar took a steep fall in the Westpac Consumer Sentiment index in its stride Wednesday but selling the Antipodean currency is still a “top ten” investment idea for the 2019 year, according to analysts at DBS Bank who see the Reserve Bank of Australia having to delay any…