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Gold Price Analysis: Resistance-turned-support trendline keeps $1,700 on the cards

Gold prices pull back from multi-year high amid overbought RSI. An ascending trend line from September 2019, 21-day SMA offer nearby supports. Bulls will target the year 2013 top, $1700 during the fresh run-up. Gold recovers most of the early-day losses while trading around...

Japan PM Abe: To take stronger steps to fight coronavirus in regions that have seen cluster infections

Japanese PM Abe told Reuters on Tuesday that Japan is ready to take stronger steps to fight coronavirus in regions that have seen cluster infections. Further comments: Some regions are seeing clusters of coronavirus infections. To recommend telecommuting, staggered work...

Gold Price News and Forecast: XAU/USD prices consolidate gains to sub-$1,650 area amid risk reset

Gold Price Analysis: Resistance-turned-support trendline keeps $1,700 on the cards Gold recovers most of the early-day losses while trading around $1,658, -0.10%, while heading into the European session on Tuesday. Even so, it needs to cross Monday’s high for the fresh rise. If...

China’s NHC: Will continue to take strictest control and prevention measures in Hubei province

China’s National Health Commission (NHC) offers some conciliatory comments, stating that they will continue to take strictest control and prevention measures in Hubei province. The Commission added that they will strictly control the outbound movement of people in Wuhan and...

USD/INR revisits sub-72.00 region as trade sentiment improves in Asia

USD/INR drops from seven-week top, snaps five-day winning streak. Upbeat headlines/statistics from China manage to trigger risk reset. Eyes on the US data, coronavirus headlines for now. USD/INR pulls back from early-January high to 71.84, -0.29%, as the Indian markets open...

US House Speaker Pelosi: Trump’s request for coronavirus response funding is completely inadequate to the scale of this emergency

US President Trump’s request for coronavirus response funding is "completely inadequate to the scale of this emergency", House Speaker Nancy Pelosi said on Tuesday. Additional quotes President’s request for coronavirus response funding is long overdue. House will swiftly...

Japan Leading Economic Index meets forecasts (91.6) in December

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You...

Japan Coincident Index below forecasts (94.7) in December: Actual (94.1)

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You...

GBP/USD: All eyes on the EU’s mandate for post-Brexit talks

GBP/USD fails to hold onto the previous day’s losses. The EU is set to agree on the mandate for post-Brexit trade talks, the UK will present theirs on Thursday. Traders pay a little heed to the domestic politics amid broad risk reset on coronavirus headlines. GBP/USD manages...

EUR/USD: Corrective advances to gather pace above 1.0870

EUR/USD’s recovery mode intact for the fourth straight session. Corrective bounce remains at the mercy of coronavirus-led risk trends. Markets await German GDP and US CB Consumer Confidence data for fresh impetus. EUR/USD clings to the recent recovery gains above 1.0850, as...