OANDA:XAUUSD   Gold Spot / U.S. Dollar
Before starting our daily report we would like to inform you that right now three positions are currently active in our portfolio including yesterday's silver trade where we entered a short position at $15.50 and two positing for the yellow metal one for the short term and other for the long term. Gold and silver prices are trading lower today as we have seen a firmer DXY on this day which helped to put pressure on P. Ms .There is no doubt that market participants are worried about slowing global economic growth especially after The 10-year U.S. Treasury yield fell further, having fallen below the yield for three-month bills on Friday for the first time since 2007, inverting the yield curve. An inversion is widely seen as indicating an economic recession.we have also witnessed German government auctioned it's 10-year note today and the reported yield was -0.05%, we saw the first negative yield by German government bunds since 2016. However, it's also important to keep in mind that Yield curve inversion isn't the best sign of a looming recession because while inversion is an indication of troubled credit markets, it isn't a timing tool. Stocks can rise-and the economy grow-for many months while the curve is inverted.

At the time of publishing this report gold is trading at $1287 per ounce while the white metal is hovering around $15.100.Strong U.S equity market and higher DXY have put some pressure on P. Ms .China strong manufacturing data helped Asian and European stock indexes to move higher on this day.China PMI came in at 50.5 in march which is slightly higher than the previous PMI report.we have also witnessed how quickly market participants and analyst change there perception regarding inflation and crashes.In feb The euro jone jobless report came in at 7.8% which was not surprising as it was in line with the market expecation however when eurozone consumer price index came in at up 1.4% YOY compared to 1.5% in feb many analysyt warned investors about the possible high inflation .Those ideas have all but disappeared now.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out