Gold prices soared but XAU/USD is at risk to a reversal. The US Dollar sank as Fed stimulus offset ever-dismal economic data. Crude oil prices looked past OPEC+ cuts before Asia trade.
<p>US retail sales rose 0.7% mom to USD 696.4B in July, above expectation of 0.4% mom. Ex-auto sales rose 1.0% mom to USD 562.8B, above expectation of 0.4% mom. Ex-gasoline sales rose 0.8% mom t
<p>There aren't any significant expiries to take note of for the day. As such, trading sentiment will likely continue to revolve around the bond market and risk sentiment for the most part.
Leave a Comment