ATFX_Global

ATFX_Global

The dollar nudges higher; eye Fed Chair Powell's speech and Yen on intervention watch. On Tuesday, the U.S. dollar swayed in a tight range as traders took stock of developments in the Middle East and braced for speeches this week by central bank officials, including Federal Reserve Chair Powell, to gauge the policy outlook. Tonight, the US Retail Sales data is...

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Baidu stock rose on Tuesday after the company reported revenue that was 15% higher than a year ago. Baidu jumped 4% to $131 but failed to reach previous resistance at $132.22, sending the price back below $129. Before the U.S. stock market opens, Baidu stock trades around the $128 level. On Tuesday, the Chinese search engine and AI company beat second-quarter...

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The U.S. dollar gained against the world's major currencies before the meeting of the Jackson Hole Symposium central bank. The Dow Futures traded below the 34,688 support level, opening the door to the last support, 33,704. The Jackson Hole Symposium in Wyoming is an annual gathering of the world's central bankers. The three-day meeting will conclude on Friday...

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May’s U.S. consumer price index (CPI) came in lower than expected, showing that inflation may be cooling off. The gold price used to surge to $1,970, and then the traders liquidated their position. The gold price dropped below $1,950 since the market awaits the Federal Reserve's monetary policy decision. Investors will look for clues on the Fed's interest rate...

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Fed Minutes at midnight on Thursday and Fed member's speech deliver a hawkish stance. This hawkish stance may be considering raising interest rates or tightening monetary policy with other tools this next half year to pressure the high inflation and cool down the inflation down to a target rate of 2%. This can lead to a stronger US dollar and higher yields on US...

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Amazon announced that its withdrawal from the Chinese market was attributed to fierce competition from domestic rivals such as Alibaba and JD.com, regulatory challenges and changing consumer habits. In addition, Amazon faced difficulties gaining market share in China, where local players with a deep understanding of the market and strong logistics capabilities...

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USD/JPY first tried to fall back yesterday after the U.S. economic data was released. The data suppressed the US dollar, while some safe-haven funds entered the Japanese yen. The USDJPY turned around from its high level on March 8 and closed down for the first time in four days. It continued to fall in the Asia trading session. Potential, pay attention to the...

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EUR/USD rose from a two-week low as the dollar fell and rose for the first time in four days. Technically, the upward trend intends to regain the 10-day moving average on the daily chart. The Job report in Eurozone and the United States will be released within the day to see if it is good for the EURUSD to continue to break through and close to 1.11. However,...

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NAS100 closed lower Monday as traders looked ahead to tech earnings reports from mega-cap technology and coming up U.S. economic data, including the first-quarter U.S. GDP preview, personal consumption expenditure index (PCE) for March, and April's consumer confidence are among the data scheduled for release this week. However, the MACD is running at the bottom;...

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USD/JPY experienced a rally up to 135.13 last week but then retreated during the dollar softening. At the start of this week, the initial bias is neutral in the 4-hour chart since the market is waiting for the BoJ interest rate decision that will be released on Friday. Therefore, technically, a further rise is expected if the support level of 132.01 can be held....

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Gold prices inched up after recent losses on Monday, remaining under pressure as fears of a looming interest rate hike by the Federal Reserve dented appetite for the yellow metal, as did a recent spike in Treasury yields.

ATFX_Global

US 10Y surge and Dollar edges higher, gold price reverse from USD2,011 after Europe Markeke open. Technically, the gold price may test USD1,976 or USD1,964, where are the Fibonacci retracement 73.6% and 85.2% targets.

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Ahead of US Manufacturing & Service data release tonight, US10Y and DXY rebound and lead the crude price down.

ATFX_Global

Week Ahead: US CPI & Core CPI. The higher percentage may cause the US-OIL price strength. Otherwise, the US-OIL price weaken.

ATFX_Global

Ahead BOE Decision and US Jobless Claims. I think the gold will trade ranging.

ATFX_Global

FOMC Ahead, Gold trades between 1933 - 1940!