Author: FX Street

Post
Gold Price Analysis: XAU/USD still eyes June 2020 lows at $1670 after weekly closing below $1700

Gold Price Analysis: XAU/USD still eyes June 2020 lows at $1670 after weekly closing below $1700

Gold Price Analysis: XAU/USD still eyes June 2020 lows at $1670 after weekly closing below $1700 Weekly closing below $1700 keeps the XAU/USD sellers hopeful. A bounce towards 50-SMA on 4H cannot be ruled out in the near-term. RSI stays bearish while gold holds within a potential falling wedge. Gold (XAU/USD) settled Friday almost unchanged below...

Post
China’s Jan-Feb Trade Balance: Surplus unexpectedly widens amid a massive surge in exports

China’s Jan-Feb Trade Balance: Surplus unexpectedly widens amid a massive surge in exports

China’s Jan-Feb Trade Balance: Surplus unexpectedly widens amid a massive surge in exports China’s Trade Balance for January and February, in Yuan terms, came in at CNY675.86 billion versus CNY369.73 billion expected and CNY516.81 billion last. The exports in the first two months of 2021 surged by a whopping 50.1% vs.11.2% expectations and 10.9% last....

Post
China Exports (YoY) above expectations (38.9%) in February: Actual (60.6%)

China Exports (YoY) above expectations (38.9%) in February: Actual (60.6%)

China Exports (YoY) above expectations (38.9%) in February: Actual (60.6%) Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable...

Post
China Imports (YoY) above forecasts (15%) in February: Actual (22.2%)

China Imports (YoY) above forecasts (15%) in February: Actual (22.2%)

China Imports (YoY) above forecasts (15%) in February: Actual (22.2%) Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable...