Mid-Week Market Overview and Forecast – BoC, ECB and US Inflation Eyed
The US treasury yield is downbeat in the second week of June as the price pushed below 1.55% and now close to touching 1.5%. Wallstreet indices remain firm while the dollar’s minor bounce couldn’t be sustained. The market awaits the BoC later today to inject some momentum. The equities market is rolling out profits again […]
Gold Forecast: when will the yellow metal resume the long-term rally?
The yellow metal will complete the first bullish month in 2021 after it bottomed at 1677 in March as a result of a falling treasury yield. Will the long-term bullish trend continue from here? Gold is up by over 3.5% in April. The last bullish month prior was in December when the commodity gained nearly […]