News of the day, Wednesday, April 6
Yesterday, Fed’s governor Lael Brainard said that the Federal Reserve will tighten monetary policy at “a rapid pace”. While Brainard usually favors loose policy with low rates, her announcements on Tuesday were quite hawkish, as she promised that “The [Federal Open Market] Committee …
Gold continues to move sideways, as the price returned to test the support 1921.60 again, and the price is trying to pressure it to breach it and start a descending path towards the next support 1909.00.
The moving averages are pressing the prices for more decline, as they are moving …
The GBP/USD pair started the bearish movement after it managed to breach the support level 1.3127 and reached the next target 1.3070. Therefore, the opportunity exists for the continuation of the descending path towards the next support 1.3000, as the price's success in stabilizing below the 1.3180 level increases the …
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