This is just a simple observation of what happened with Gold in the last 100 years. Here I show some important economic events highlighting the purchasing power with a red line. When you open a GOLD chart, you can look at the trend and think that it had a very strong bull market during the last century. And you are right, it had a very strong one, but against...
The Canadian dollar has climbed higher in the North American session after the release of Canada's December employment report. In the North American session, USD/CAD is trading at 1.3432, down 0.20%. Canada usually posts employment reports on the same Friday as the US, but had the stage all to itself today, as the US posted its job report last week. The news was...
EUR/USD is slightly lower on Wednesday. In the North American session, the euro is trading at 1.0751, down 0.20%. Germany's CPI is expected at 0.2% m/m on Friday, which would confirm the initial estimate from two weeks earlier. On an annualized basis, the initial estimate for CPI came in at 2.9% in January, down sharply from 3.7% in December. A deceleration in...
Is the FED's caution on inflation justified? Absolutely! Here is why, secondary inflation spikes are very common when an economy does not enter a recession. The FED knows that. Hence their apprehension moving too fast to lower rates. I think it is a mistake for people to believe inflation is over, running around with a major hard-on to lower rates. On the other...
The GBP/USD, after a significant descent, has finally reached the demand zone at the level of 1.2535. In this area, I anticipate a possible upward structural change on M15 during tomorrow's London session. Subsequently, I could consider entering the market with the goal of reaching the level of 1.2626, where a significant liquidity volume is present. Regarding...
"Gold prices today saw a modest uplift, buoyed by a softening USD and falling Treasury yields. The DXY's 0.3% drop spiced up the appeal of gold for investors holding other currencies, while lower U.S. 10-year bond yields cut the opportunity cost of holding non-yielding bullion. Currently trading around 2035 USD, traders are eagerly anticipating insights from...
The price of gold is back in positive territory, heading to retest the two-week high of $2,056 set on Wednesday. The US Dollar is losing momentum amid a renewed appetite for risk, as markets applaud China's fiscal support while assessing the interest rate outlook of the United States Federal Reserve. China's Vice Finance Minister, Wang Dongwei, announced on...
EUR/USD, after breaking through a demand zone between 1.07 and 1.0790, is now heading towards another demand area at the level of 1.075, coinciding with the low of the bearish channel. This zone could be significant for an upward reversal in price, with a potential return towards 1.09. It will be crucial to assess the price action at the London opening this...
In today's trading session, our focus is on XAUUSD as we identify a potential selling opportunity around the 2034 zone. Gold, amidst a downtrend, currently navigates a correction phase, nearing the 2034 support and resistance area. Adding a fundamental layer to this analysis, the recent warning from the Fed serves as a crucial factor influencing market sentiment....
Last week in the news Fed kept interest rates unchanged during the previous week, with Powell`s note that they have “probably '' peaked, showing Fed`s final alignment with the market. Their decision had a modest impact on financial markets during the previous week, considering that it has been widely expected. The US equity indices continued to move around...
The US reported a gain of 353K jobs in January, nearly double the expectations of 180K. On top of upward revisions worth 126K. Wages rose by 0.6%, double the expectations, and YoY they are up 4.5%, smashing estimates of 4.1%. Excellent data meant a straightforward reaction, with minimal reversals and an ongoing extension. The US Dollar is up, Gold is down, and...
The EUR/USD is extending gains towards the 1.0900 level in the early European morning hours on Friday. The US dollar is struggling to find strength, allowing the euro to rise further in an optimistic climate. All eyes are now on the release of the US Non-Farm Payrolls (NFP) data. Regarding the dollar, the US Dollar Index (DXY) has remained within the established...
Preferred direction: BUY Comment: For gold , we highlight the short-term scenario in long. Metals , especially gold , resisted the pressure of the US dollar best; here the context for growth is, in principle, prepared. There are two main scenarios for growth and all are aimed at updating short-term highs towards the region 2060-2070. This expected...
Preferred direction: BUY Comment: Similar to the situation with EURUSD , for the British currency we are also starting to consider a medium-term purchase. Yes, the US dollar has begun to strengthen as we expected, but most likely the growth of the American currency will not be as impressive as we expected. One of the options would be to fix part of the...
Preferred direction: BUY Comment: After the Fed meeting, as we expected, the US currency strengthened based on the results of the press conference and comments from the regulator. However, the growth of the dollar is already approaching its end and most likely now we need to take a closer look at medium-term purchases. We are now considering two main long...
USD opportunity? Market overestimating March rate cut? The market is only pricing in a 30% chance of a rate cut from the US Fed in March now. Is this probability too high still? Jerome Powell spoke after the latest FOMC decision yesterday and noted that it was unlikely that the Fed would be cutting rates in March. Why is the market still pricing in a 30%...
GBPNZD currently exhibits a bearish structure highlighted by this bearish channel. Currently, the price, after bouncing off the bottom of this channel, is at a crucial point. The latest bullish reaction has led to the formation of a demand zone, ranging from 2.0760 to 2.0940. If the bearish trend maintains its strength, it is possible that the price will decline...
The GBP/USD remains in a defensive position, trading in the negative territory around 1.2650 during the American session on Tuesday. The careful market approach is assisting the USD in maintaining resilience against its competitors following a release of mixed data. This cautious sentiment is putting pressure on the currency pair as it approaches the upcoming Fed...