DCFX-TA

DCFX-TA Updated 

The XAU/USD pair is relatively stable, holding near 2000.00 after a modest rise the day before. Gold took advantage of the weakness of the US currency on Tuesday to partially recoup for the sharp decline last Friday, as well as the extremely uncertain start to trading this week. At the same time, the growth of the instrument is limited, as the market still...

DCFX-TA

Shares of Tesla Inc., the world's leading manufacturer of electric cars, have been trying to decline since the end of last month but have now stabilized around the 187.50 mark. Investors are waiting for the publication of the Q1 financial report , which will be released today after the market closes. Experts predict that the corporation's revenue will be about...

DCFX-TA

Worries about a potential increase in US Fed interest rates, which could slow economic growth and reduce energy consumption, outweighed strong economic data from China and a decline in US fuel stocks, causing the asset to move negatively. A report published yesterday by the American Petroleum Institute (API) recorded a reduction of 2.675M barrels, more than the...

DCFX-TA

Investors focus on the March EU inflation data: the consumer price index rose from 0.8% to 0.9% MoM and fell from 8.5% to 6.9% YoY. The core index increased from 0.8% to 1.3% MoM, slightly exceeding the forecast of 1.2%, and corrected from 5.6% to 5.7% YoY, which European officials consider the main problem for the economy, to combat which, the European Central...

DCFX-TA

Investors focus on further actions of the US Federal Reserve in the field of monetary policy. Most experts believe that in May, the regulator will raise the interest rate above 5.0%, after which it will keep it at this level, and by the end of the year, it may begin to reduce the cost of borrowing again. Under the conditions, the comments of American officials are...

DCFX-TA Updated 

On the daily chart, a downward correction of the higher level ended as the second wave. If the assumption is correct, after the end of the local correction the XAG/USD pair will grow to the area of 27.00–28.80. In this scenario, critical stop loss level is 24.48.

DCFX-TA Updated 

The XAU/USD pair shows a weak growth, again testing the psychological level of 2000.00 for a breakout. At the end of last week, gold quotes showed a sharp decline, retreating from their record highs of March 2022, falling under the influence of technical factors and a new phase of strengthening of the US currency. In addition, traders expect further tightening of...

DCFX-TA Updated 

Despite the problems in the banking sector, the leading US financial institutions managed to show stable results. The leader of the American insurance market, UnitedHealth Group, reported revenue of 91.9 billion dollars, which exceeded both the analysts' forecast of 89.71 billion dollars and the value of the previous quarter at 82.8 billion dollars. In turn,...

DCFX-TA

Main scenario Long positions will become relevant above the level of 24.48 with the targets at 27.00–28.80. Implementation period: 7 days and more. Alternative scenario Alternative scenario The breakdown and the consolidation of the price below the level of 24.48 will let the asset go down to the area of 22.77–21.36.

DCFX-TA

Oil prices are correcting downwards. Pressure on quotes is exerted by the expectation of a recession in the US economy, predicted by US Federal Reserve officials at the last meeting, as well as the probable postponement of the pause in tightening monetary policy from the May meeting to June. Currently, most experts are inclined to believe that next month the...

DCFX-TA

The XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down...

DCFX-TA

The XAU/USD pair shows a corrective decline, retreating from the record highs of March 2022, updated the day before. The instrument is testing 2010.00 for a breakdown, waiting for new drivers to appear on the market. Investors are in no hurry to open new positions in anticipation of tomorrow's publication of the March report on the US labor market, which may...

DCFX-TA

The positive dynamics are constrained by two main factors: a decrease in the risks of a banking crisis and increased pressure from American regulators on the activities of cryptocurrency platforms. Thus, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against the largest exchange Binance and its head Changpeng Zhao, accusing them offering...

DCFX-TA

Today, the February data on the volume of industrial production in Germany were published, which turned out to be generally positive: the figure rose by 2.0%, which is significantly more than the 0.1% expected by experts. Serious upward dynamics was achieved mainly due to an increase in car production. Observers believe that the German industrial sector is...

DCFX-TA

Today the weekly data of the US labor market was published, confirming its cooling. Thus, the number of initial applications for unemployment benefits increased by 228.0K, which is slightly less than the previous indicator of 246.0K, but higher than the forecast of 200.0K. At the same time, the total number of citizens receiving assistance from the state increased...

DCFX-TA Updated 

Confident support for the instrument is provided by the fact that investors flee from risk against the backdrop of a noticeable deterioration in the situation in Eastern Europe. Early in the morning, Russian President Vladimir Putin authorized a special military operation on the territory of Donbass. Today, a large block of macroeconomic statistics from the US is...

DCFX-TA

Oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive U.S. interest rate hikes, but the losses were cushioned by expectations that a strong economic recovery will boost demand.

DCFX-TA

In the absence of significant economic releases, the focus of investors' attention remains the pandemic situation in Australia, which continues to worsen. Today, more than 147K infected citizens have been recorded in the country, which is a record for the entire time of the pandemic. The number of hospitalizations is also growing, although, according to officials,...