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Turkey, China, and India lead another solid month in central bank Gold buying
Central banks continued to steadily add gold to their reserves in March. On net, central banks globally increased their gold holdings by 16 tons, according to the latest data compiled by the World Gold Council. Buyers added 40 tons of gold to their reserves. This was offset by a net 25 tons in sales
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US Unit Labor Costs rise 4.7% in Q1 vs. 3.2% expected
Unit Labor Costs rose more than expected in the first quarter. US Dollar Index stays below 106.00 after the data. Unit Labor Costs in the nonfarm business sector increased 4.7% in the first quarter of 2024, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading followed the no ch
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USD/JPY recovers as traders buy the dip
USD/JPY rebounds after the heavy sell-off on Monday. US Dollar traders are buying the dip after possible intervention by the authorities pulled USD/JPY down. The interest rate differential between Japan and the US is likely to maintain a bullish pressure on the pair. USD/JPY is trading up about a th
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AUD/USD Price Analysis: Uptrend extends
AUD/USD is in a short-term uptrend that is extending. The pair is pulling back within a rising channel. It will probably find support at the lower channel line and then resume its uptrend. AUD/USD extends its short-term uptrend as it trades in the mid-0.6550s on Monday. AUD/USD 4-hour Chartç The pai
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Pull-up Update