NicoTradingMaster

NicoTradingMaster Updated 

In addition to Wednesday's Fed minutes, the focus was also on speeches from a series of Fed officials this week, including Raphael Bostic and Michelle Bowman, both members of the Fed's interest rate-setting committee. bank. Higher US interest rates are bad for gold because they increase the opportunity cost of investing in the yellow metal. But with U.S. interest...

NicoTradingMaster Updated 

World gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning. World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State...

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Gold edged higher on Thursday as Treasury yields eased after US GDP data highlighted a softening in the pace of inflation, while focus turned to PCE data for further hints on taper strategy Federal Reserve interest rates. Benchmark 10-year Treasury yields fell after GDP data. The US economy grew faster than expected in the fourth quarter thanks to strong consumer...

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After testing the 2021 support zone, gold increased slightly and then returned to the 2021 zone again. The 10-year US government bond yield has now increased above the psychological level of 4.0%, which has helped the US dollar increase sharply compared to most other currencies. This also caused a strong impact on XAU/USD as the gold price fell more than 1.25% in...

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Gold fell below $2,025 in the European session after being sold off on Tuesday. XAU/USD is under pressure as the USD moves higher amid escalating geopolitical risks in the Middle East and reduced market expectations for a sharp Fed rate cut in 2024. On frame D1, selling pressure increased sharply after sellers successfully tested the 21-day MA support at 2,046...

NicoTradingMaster Updated 

Gold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected. The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond...

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Gold fell out of favor after rebounding slightly after Friday's NFP. This morning, the price briefly fell below $2,020, hitting its lowest level since December 18th. As a result, the precious metal remains in its previous range and is unlikely to gain popularity due to the recent rally in the dollar. But in the absence of a key US index until Thursday's release of...

NicoTradingMaster

After a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the...

NicoTradingMaster Updated 

The gold market is poised to make history in 2024. The new year begins very close to new all-time highs. How high will gold go? Much depends on how low interest rates fall and how the US dollar depreciates. The Fed ended its interest rate hike campaign last fall. Monetary policy easing is expected later this year. If sustained inflationary pressures force central...

NicoTradingMaster

After a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the...

NicoTradingMaster Updated 

Gold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to...

NicoTradingMaster Updated 

Gold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest...

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The Australian Dollar (AUD) tries to end a losing streak on Friday. The AUD/USD pair is facing bearish pressure, even as the US Dollar (USD) lacks clear direction and China's Caixin Services PMI improved in December. Market Sentiment Weakness and widespread commodity price declines have both played a role in the Australian Dollar's weakness. Australia's Judo...

NicoTradingMaster

The EUR/USD pair remains on the defensive during the early Asian trading session on Thursday. The backdrop of a stronger greenback and higher US Treasury yields exerted some selling pressure on the major pair. At the time of writing, EUR/USD is trading at 1.0922, up 0.01% on the day. On Wednesday, Germany's unemployment rate remained steady at 5.9%, according to...

NicoTradingMaster Updated 

Gold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest...

NicoTradingMaster

The au Jibun Bank Japan Manufacturing PMI remained in contraction territory for the seventh straight month and fell to 47.9 in December – the lowest level since February. Predictions of a reversal in the policy divergence between the Bank of Japan (BoJ) and the Federal Reserve (Fed) in 2024 will continue to support the JPY. Minutes from the December 12-13 FOMC...

NicoTradingMaster Updated 

The Australian dollar (AUD) faces challenges as it struggles to stem a losing streak on Thursday. The AUD/USD pair is under downward pressure due to risk-taking sentiment and the general bearish session of the commodity complex. Weaker Judo Bank Purchasing Managers' Index (PMI) data added further pressure on the Australian Dollar (AUD). According to the latest...

NicoTradingMaster Updated 

The S&P U.S. Global Manufacturing Purchasing Managers' Index (PMI) for December fell below investor expectations on Tuesday, sliding to a four-month low of 47.9 vs. The forecast level is stable at 48.2 from November. Market appetite is distorted by erroneous data and investors are starting to temper expectations for interest rate cuts from the US Federal Reserve...