The US Dollar mostly outperformed its major counterparts this past week. Gold prices were particularly hit hard as Treasury yields on the longer-term spectrum soared. This was likely to due financial markets pricing in a higher terminal rate from the Federal Reserve amid still-solid economic data.
Note
🕯 SELL GOLD | 1900 - 1897🔴 SL: 1905
🟢 TP1: 1892
🟢 TP2: 1887
Trade active
Running + 30pips ✔️✔️✔️Trade closed: target reached
Close Full Hit TP2 + 110pips 😮Note
- Traders reduce short positions to the lowest level since June 2022 for the S&P 500 index.Note
- US asks China to be more transparent on economic data amid slowdown - Financial Times.Note
US bank Evercore: The Fed's tightening of monetary policy ended the golden age of investment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.