XAUUSD: FOMC Minutes - Some is greater than several
Updated
Hello traders, I bring you some useful information
Yields on the 10-year have increased since mid-March and are now above 3.7%. This is due to a mix of positive economic data, progress towards a debt limit agreement, and the market adjusting to the Federal Reserve's policies rather than speculative pricing.
Traders often debate whether positive news can have a negative impact on markets. However, it seems that a scenario is emerging where good news could ultimately result in higher market rates. If you don't think that the US economy is headed towards a recession, it might be difficult to understand why the Fed is considering a rate cut. As the market begins to exclude the possibility of a Fed funds rate cut, rates may continue to increase.
If gold breaks the trend, we will see a new price around 193x today
Plan trade in the intro!
Yields on the 10-year have increased since mid-March and are now above 3.7%. This is due to a mix of positive economic data, progress towards a debt limit agreement, and the market adjusting to the Federal Reserve's policies rather than speculative pricing.
Traders often debate whether positive news can have a negative impact on markets. However, it seems that a scenario is emerging where good news could ultimately result in higher market rates. If you don't think that the US economy is headed towards a recession, it might be difficult to understand why the Fed is considering a rate cut. As the market begins to exclude the possibility of a Fed funds rate cut, rates may continue to increase.
If gold breaks the trend, we will see a new price around 193x today
Plan trade in the intro!
Trade active
Trade closed: stop reached
Gold price has extended its downside further below the immediate support of $1,940.00 in the Asian session. Earlier, the precious metal displayed a vertical downfall after slipping below the $1,952.00 cushion as the United States economy is approaching a default situation.
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