USD | Gold Commodities

As they struck a cautious tone, the Fed minutes offered some breathing room for risk assets, with the committee seemingly mindful of the potential increase in US inflation in the second quarter and reluctant to overreact until it is sure that inflation will reach 2% for some time. Emerging market FX remains relatively resilient amid the notable increase in US Treasury yields this year. Not only are EM FX valuations not excessively stretched, many EM currencies are benefiting from increasing commodity prices, but this FX segment should continue to display signs of relative resilience as long as the increase in US Treasury yields is followed by improving global economic prospects. Looking forward, if the Fed is able to walk the fine line between improving economic data and communicating it, the consequent orderly increase in treasury yields does not derail the constructive outlook for the coming months for high yielding cyclical EM FX.


Daily Update

Nice, what was your entry price? Stop/Profit target?

This is very solid. Would like to see more please

For that, you have to visit the website money life research. In a given post below the image click on the Daily update, which will redirect on the web page. There you will find all the updates.

Or you can just tell us here.

Is this a repost from that website?

Yes… This is a repost from the Money Life Research website. You can found much more information from there only.

technical update on XAU/USD by money life research

FYI- that channel as drawn is not valid as there is a violation b/w Feb 15-19.
Unless you’re trying to deploy a FIB channel…even then, you’ll want to add another descending line.