ATSM_Trading

ATSM_Trading

World gold prices increased with spot gold increasing by 20.3 USD to 2,323 USD/ounce. Gold futures last traded at 2,332.8 USD/ounce, up 24.2 USD compared to yesterday morning. The gold market entered the new trading week with solid gains, boosted by the weakening of the USD. The US Dollar Index fell to its lowest level in about a month as a recently released...

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📌The ECB appears to be on track to cut interest rates in June, barring any major surprises, and recent inflation data further strengthens the case for a rate cut ahead. In contrast, the Fed decided to leave interest rates unchanged on Wednesday, citing the FOMC's lack of progress in bringing inflation back to its 2% target. EUR/USD is trading in a fairly wide...

ATSM_Trading Updated 

📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...

ATSM_Trading Updated 

World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday. Last week was fundamentally rich,...

ATSM_Trading Updated 

Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of ​​2,305 USD/ounce, losing all the gains...

ATSM_Trading Updated 

GBP/USD gains traction above 1.2500, Fed keeps interest rates steady GBP/USD gains traction near 1.2535 early Thursday. The major pair's rally was supported by a sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. GBP/USD fell sharply on Tuesday and erased all of Monday's gains. The pair hovered in a tight range below 1.2500...

ATSM_Trading Updated 

Gold prices are seeing a negative start to a new week on Monday after recording a weekly decline. Gold prices are burdened by resurgent US dollar (USD) demand and a risk-on market mood amid weakening Japanese markets during the holiday season. Gold market assessment recorded positive developments. World gold price reached support level of 2,300 USD/ounce. In...

ATSM_Trading Updated 

EUR/USD fell below 1.0670 yesterday as a surprise wage increase in the US revived concerns about persistent inflation. This reduces expectations of interest rate cuts and causes investors to seek safe haven assets and increase the strength of the USD. With European markets closed for the Labor Day holiday, investors' only major concern will be the Fed's latest...

ATSM_Trading Updated 

Gold is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The gold market's focus has shifted...

ATSM_Trading Updated 

GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. Previously, investors were still confused about the time to reduce interest rates, whether it would be June or...

ATSM_Trading Updated 

Market news and reviews After the Federal Reserve kept interest rates unchanged for the sixth time and announced it would slow down the pace of balance sheet shrinkage, gold prices rose sharply above the $2,300/ounce mark and held above this important price level, At the same time, it also achieved the target adjusted increase in publishing the previous issue sent...

ATSM_Trading Updated 

The GBP/USD currency pair closed in positive territory for three consecutive days on Thursday and climbed to a two-week high at 1.2540 early Friday. Despite falling towards 1.2500 during the European session, the technical outlook suggests the uptrend remains intact. The dollar has weakened against its rivals after US economic data on Thursday fell short of...

ATSM_Trading Updated 

EUR/USD stays weak near 1.0700 ahead of key EU inflation, GDP data EUR/USD is keeping the red near 1.0700, undermined by a broad US Dollar rebound and a mixed market mood early Tuesday. Germany's Retail Sales rebound fail to impress the Euro ahead of key Eurozone inflation and GDP data releases. On the upside, EUR/USD is likely to encounter first resistance at...

ATSM_Trading Updated 

➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. . ➡️The main trend of the GBPUSD market is still in the falling price range. The pair's resistance...

ATSM_Trading Updated 

The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The short-term appeal of precious metals still remains. weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...

ATSM_Trading Updated 

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...

ATSM_Trading Updated 

Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected. At the end of the week GBP/USD...

ATSM_Trading Updated 

Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428 Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....