Sphyn-Trader

XAUUSD: Gold developments need attention!

Short
Sphyn-Trader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price of gold is showing signs of improvement for the second day in a row, bouncing back from its recent low of around 1,915 points on Wednesday. During the early European session, XAU/USD remains in demand and is currently trading at approximately 1,925-1,926 levels. This represents a gain of over 0.30% for the day.

Trade active:
Bank of Japan Governor Ueda says his focus is on a 'quiet exit' reducing monetary easing

The Bank of Japan has entered a phase of reducing monetary easing. In an interview with The Yomiuri Shimbun, BOJ Gov. Kazuo Ueda described the monetary policy modification decided in July as “a mechanism to change the balance between the effects and side effects” of monetary easing measures. The focus will now be on “a quiet exit,” which the BOJ is seeking to avoid significant impact on the market.
USD/JPY is a big figure lower than late Friday in very, very early Asia .... circa 146.90 in SUPER THIN liquidity trade
Trade active

1. Support signal win greater than 90% in Forex 🟢
2. Knowledge sharing, forex trading guide. Safe capital management 💲
3. 4000 pips monthly 🚀

FREE signals in Telegram: t.me/sphyntrading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.