Sunday, 19 July 2020

Gold Price Holds Near 2020 High Despite Net Long US Dollar Exposure

The price of gold trades near the 2020 high ($1818) even though the IG Sentiment index reflects crowding behavior in the US Dollar.

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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...