Thursday, 11 October 2018

Global Stock Selloff Resumes, but USD Falls as Gold Eyes Reversal

The global stock selloff resumed, but the US Dollar failed to capitalize as the world’s reserve currency. This allowed for gold to rise by the most since 2016 as it heads for a reversal.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...