EUR/USD
1.16725
0.021%
Gold
4253.79
0.660%
Oil
56.864
-0.427%
USD/JPY
150.561
0.056%
GBP/USD
1.34374
0.002%
GBP/JPY
202.320
0.059%
Real-time News
On October 20, Rory Hunter, a portfolio manager at SG Hiscock & Co., which manages A$3.3 billion in assets, said the gold bull market has plenty of room to run. He believes that despite the recent rise, junior gold mining companies are still "attractive value." SG Hiscock has gradually shifted its business to developers and exploration companies in recent months. Hunter said, "One sign of a late-stage boom in the economic cycle is that executives from large producers begin to leave and join junior exploration companies. We are not there yet."Futures News, October 20th, Economies.com analysts latest view today: Spot gold prices rose in the last trading session, benefiting from the solidity of the 4200 main support level, which laid a solid foundation for the return of bullish momentum. This round of rise was also due to its continued operation above the EMA50 moving average, further consolidating the stability of the primary uptrend in the short term, especially when the price runs along the secondary support trend line.Futures News, October 20th, Economies.com analysts latest view today: WTI crude oil futures prices fell during the previous trading day, mainly due to the relative strength index (RSI) reaching a clearly overbought level. This level is exaggerated compared to the price trend, indicating that the bullish momentum that previously supported the trade is weakening. Previously, the price tried to stabilize around 56.35 and make up for some of the previous losses, but these rebound attempts quickly lost momentum.Futures News, October 20th. Economies.com analysts latest view today: Brent crude oil futures prices have fallen in recent intraday trading. Meanwhile, prices remain under pressure below the EMA50 moving average. The dominant short-term trend remains bearish, and prices are moving along the trendline. These factors increase the possibility of a short-term price rebound. Furthermore, the Relative Strength Index (RSI) has formed a negative crossover after reaching overbought levels, suggesting a possible positive market divergence signal.Bank of Japan (BoJ) board member Hajime Takada said Monday that Japans economy is weathering the impact of U.S. tariffs and has likely already achieved its 2% inflation target, reiterating his call for a resumption of interest rate hikes. Takada said in his speech that both the Bank of Japans October tankan business climate survey and the banks branch manager survey indicated that improving employment and income conditions are supporting consumption. He said that with businesses steadily raising prices and wages, Japan has roughly achieved the central banks 2% inflation target and now faces the risk of unexpected price increases. "I think now is the best time to raise interest rates," Takada said, explaining his call for a rate hike at the September meeting. He was one of two board members who voted against keeping interest rates at 0.5% at the September meeting, instead proposing a rate hike to 0.75%.
