The quarter-end week brings September payrolls, PCE inflation, a likely RBA rate hike and the ISM manufacturing index. Times in New York and London, forecasts and levels for gold, EUR/USD and the dollar.
Gold and the dollar usually move in opposite directions, but not always. We explain why, when the rule breaks down and how to use the dollar index (DXY) to trade XAU/USD.
Spread, swap and slippage eat into every trade even though they never show up as a commission. What they are, how to calculate them in dollars and how to reduce them, with EUR/USD, gold and USD/MXN examples.
Gold drops 3% and loses $4,200 on September 28. Why expensive oil and the Fed matter more than the war right now, the key XAU/USD levels and what could turn it around.