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Gold Technical Analysis: Price is on Strong Bearish Track
During yesterday's trading session, the price of gold rose from its lowest level in more than two years, as the dollar fell after setting a new record. The XAU/USD gold price recorded the level of $1642 an ounce before retracing the general trend to the support area of $1615 an ounce at the time of writing the analysis. Yesterday, bullion prices rose by 1.1%. While gold is seen as a traditional haven in times of economic distress, fears of a global economic recession fueled by monetary tightening of global central banks have instead led to significant gains in the dollar. Focus Remains on Dollar Strength The ... (full story)
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From bnnbloomberg.ca|Sep 28, 2022The US merchandise-trade deficit narrowed in August to the smallest since October 2021 as both imports and exports dropped, suggesting a tailwind for economic growth in the third ...
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From kitco.com|Sep 28, 2022Gold prices are moderately higher and near daily highs in early U.S. trading Wednesday, on safe-haven buying amid a very nervous marketplace as the calendar is set to turn to what ...
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From federalreserve.gov|Sep 28, 2022Good morning, and welcome to the 10th annual Community Banking Research Conference. I have attended this conference twice before, including the first one back in 2013, and I can attest to the quality of the research and discussions. While I am coming to you virtually today, many of you are gathering in person for the first time in three years. I am sure it will make an excellent event even more enjoyable. The Community Banking Research Conference brings together researchers, regulators, policymakers, and community bankers to discuss the unique and important role community banks play in our economy. The conference was launched in the years following the financial crisis, in a collaboration by the Federal Reserve, the Conference of State Bank Supervisors (CSBS), and the Federal Deposit Insurance Corporation (FDIC). The conference was developed to deepen our understanding of the community bank business model and to provide a forum to discuss research with academics, policymakers, regulators, and community bankers. The research presented over the years has informed supervisory and regulatory policy debates and continues to challenge our thinking. It has highlighted the vital links between community banks and small businesses, the availability of credit in low- and moderate-income communities, how community banks support their local communities in times of crisis, and the impact of technology. A critical feature of the research sessions is that community bankers join academic moderators to provide feedback from a practitioner's perspectiv tweet at 10:15am: IN PREPARED REMARKS TO A COMMUNITY BANKING RESEARCH CONFERENCE IN MISSOURI, FED'S POWELL MAKES NO COMMENTS ON MONETARY POLICY OR THE US ECONOMIC OUTLOOK.
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From bnnbloomberg.ca|Sep 28, 2022Federal Reserve Bank of Atlanta President Raphael Bostic said he backs raising rates by a further 1.25 percentage points by the end of this year to counter inflation that has been ...
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From think.ing.com|Sep 28, 2022Rising mortgage rates and a lack of affordability are prompting a steep drop-off in demand for housing. At the same time inventory for sale is on the rise. A combination of ...
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From @PriapusIQ|Sep 28, 2022|21 commentstweet at 2:09pm:
WHITE HOUSE SAYS IF RUSSIA MOVES FORWARD WITH ANNEXATION, WE WILL BE PREPARED - Reuters via https://t.co/ymHY6x3NYD tweet at 2:15pm: WHITE HOUSE SAYS CONSEQUENCES OF RUSSIAN ANNEXATION WILL BE REAL AND EXTRAORDINARY - Reuters via https://t.co/ymHY6x3NYD
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- Posted: Sep 28, 2022 12:11pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 189
