Gold Wave Analysis

After three consecutive daily declines, the Australian Dollar (AUD) traded around 0.6280-0.6270. Despite a broad sell-off in the US Dollar (USD), AUD/USD struggled to gain traction. The US Dollar Index (DXY) slipped to 103.30, its lowest since early October, but the Aussie remained under pressure. Fundamental Factors Affecting AUD Trade tensions weigh on market sentiment, […]

Eurozone PMI data for March offered fresh signs of economic stabilization, with Composite index rising to a 7-month high of 50.4, supported by a notable rebound in manufacturing. The PMI Manufacturing rose from 47.6 to 48.7, its highest level in 26 months. Manufacturing output crossed into expansion territory at 50.7, a 34-month high. Services PMI […]

Markets The first quarter of the year ends completely different than how it started. US president Trump’s pro-growth policy agenda generated a lot of market optimism all the way through January-February. Then things started unravelling fast. Concerns grew over the US administration’s isolationist-protectionist stance, geopolitically and economically, while inconsistent communication & seemingly haphazard decision-making sows […]