The US unemployment rate beat market expectations in August, reaching a level of 3.8%, from 3.5% estimated by the market. The USD was gaining in strength based on the market expectation that the Fed will finally have to halt its further rate increases as their previous measures taken finally reflect in the real economy. At the same time, xauusd was catching up...
The USD was gaining in strength during the week, while Gold was struggling to get back into negative correlation track, which was lost two weeks ago. FOMC meeting minutes revealed possible further interest rate increases in order to get inflation back on 2% track, while during the previous week Fed Chair Powell confirmed this possibility in his annual speech at...
It was a turbulent week on financial markets coming from FOMC meeting minutes and the collapse of one of the largest Chinese real estate companies, Evergrande. FOMC meeting minutes revealed the possibility for interest rates in the US to reach even higher levels from currently estimated, and also noted by Fed Chair Powell as two more rate hikes till the end of...
While other markets are slowing down in terms of daily trading volumes, volumes of Gold trading have significantly increased since the mid of July. Gold continues to be in the spotlight of the market, regardless of its decreasing price. The USD remained relatively flat during the previous week, as investors are still digesting inflation data and PPI posted during...
XAUUSD reacted from the weekly POI, shifting the market structure to the upside on 4H. The price is likely to pullback to the POI below before rallying up to the supply zone above. Sell
Gold is gaining investors attention, at least based on the significantly increased daily trading volumes during the previous week. These daily volumes were last spotted on the market in September last year, when Gold rallied within the next few months. Whether such a situation will repeat itself is about to be seen, especially considering that there is an equal...
Previous week was an important one for the USD when it comes to monetary policy and economic data. FED increased interest rates, as expected, but most importantly, the posted figures for inflation show that it is weakening further. At the same time GDP figures of 2.4% in Q2 were highly above from what the market was expecting. This supported market sentiment and...
During the previous week USD managed to regain some of its strength, after losing significantly during the past two weeks. Gold was lagging, but finally managed to return to the negative correlation with the value of USD. However, for the week ahead, there could be some higher volatility, considering that the Fed will discuss whether to further increase interest...
Inflation in the US is clearly slowing down, as per latest economic data posted during the previous week. In line with it, markets are expecting that the Fed might soon stop with further rate increases until the end of this year. However, strong figures posted for Michigan Consumer Sentiment show increased sentiment of the US consumers, which might make some...
The US economy is showing resilience over the ongoing monetary measures imposed by the Fed in order to cope with inflation. Lately posted jobs figures show some slowdown in new jobs created, which might be a seasonal effect, still, what bothers the markets the most is increase in hourly earnings, which might push the inflation further to the upside and diminish...
The US economy is showing high resilience to monetary measures imposed by the FED. Latest published fundamental data shows that confidence is slowly returning back both to businesses and consumers. Inflation is also on a down-side, as the released PCE price index showed further drop in May to the level of 3.8%. All this might influence the USD to strengthen in the...
Fed Chair`s Powell speech in front of the Senate during the previous week had an impact on the USD to gain in strength. He provided an overview on various topics, but the most important ones are related to the current state of the US economy and future monetary moves by the FOMC. Based on his testimony, the US economy continues to be strong, but the inflation...
Previous week had a number of interesting news when financial markets and monetary policies of central banks were in question. Inflation in the US is slowing down, which is positive news for markets and, at the same time, the Fed shortly halted further rate increases, with a promise for two more hikes till the end of this year. The USD lost some of its value, as...
OANDA:XAUUSD COMEX:GC1! I'm continuing my analysis on the GC/XAUUSD gold market, after reaching my TP last week, I'm expecting these potential scenarios mentioned on the chart. As you can see, we're in the liquidity zone, so all the possibilities are there, the market can do absolutely anything. In my analysis, all entries are based on a 1H time frame to...
There were two major points for USD during the previous week. One was related to the accomplishment of the debt-ceiling deal and the other one was related to the resilient job market in the US. During the week, the US Senate approved the debt-ceiling bill, which supported the USD, while Friday`s trading was marked with much better-than-expected results on jobs,...
The USD gained during the previous week, following released PCE data which were higher than expected. The Core Personal Consumption Expenditure rose 0.4% on a monthly basis, supporting the market expectations that the Fed will continue to hike rates at their next meeting in June. The expected rate hike is estimated at 25 bps. This will continue to support USD and...
The USD gained during the previous week; however, risks are still holding especially when it comes to Fed's monetary policy and ongoing negotiations regarding debt-ceiling. Gold was following its correlation with USD, and its value dropped to the level of $1.950. Still, Gold finished the previous trading week around $1.970. The level of $2K has not been tested on...
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