China’s Mixed Indicators Test Sentiment but Medium-Term Bias Holds
Mainland China and Hong Kong stocks extend a three-day decline as mixed PMI data and policy silence weigh on investor sentiment. USD/CNY weakness accelerates as Fed rate cut bets rise, easing trade tensions but challenging price margins for Chinese exports. Despite soft data and margin pressures, th
*XAU/USD TECHNICAL ANALYSIS*
*Gold Technical Structure:* Shooting Star on Daily, Trading Above 20SMA on Daily, Consolidation on 4H, Bearish Flag on 1H *Weekly Trend:* Extremely Bullish *Intraday Trend/ Intraday Strategy:* Bullish to Neutral / Buy on Dips *Major Support:* 4210, 4170, 4145 *Major Resistance:* 4245, 4275, 432
*XAU/USD TECHNICAL ANALYSIS*
*Gold Technical Structure:* Strong Bullish Candle on Monthly, Doji Breakout on Weekly, Doji Breakout on Daily, Trading Above 20SMA on Daily, Bullish Flag on 4H, Bullish Flag on 1H *Weekly Trend:* Extremely Bullish *Intraday Trend/ Intraday Strategy:* Bullish / Buy on Support, Buy on Breakout *M
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CME glitch hits FX, commodities and stock futures
An outage at the world's biggest exchange operator, CME Group has halted trade on its popular currency platform and in futures spanning foreign exchange, commodities, Treasuries and stocks, freezing a handful of benchmarks as brokers pulled products. The problem was a cooling issue at CyrusOne data
CME glitch hits FX, commodities and stock futures
An outage at the world's biggest exchange operator, CME Group has halted trade on its popular currency platform and in futures spanning foreign exchange, commodities, Treasuries and stocks, freezing a handful of benchmarks as brokers pulled products. The problem was a cooling issue at CyrusOne data
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