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DXY : The USD continues to weakenThe USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. US government bonds recovered after economic data along with the sell-off of Japanese bonds. The gap between US and Japanese 10-year government bond yields narrowed nearly 20bps this week. The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week low at 104.17 at the beginning of the Asian session.
TVC:DXYShort
by SantaTradeGold
Gold prices increased due to coincident CPI dataOver the same period, CPI increased by 3.4%, matching forecasts. This is positive news for the US Federal Reserve (Fed). Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers. The possibility of the Fed lowering interest rates at its September meeting increases. Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel. With signals from cooling US commodity prices, it is likely that the USD will continue to sag and possibly weaken as the time until the September meeting gradually shortens. Recently, many forecasts say that gold prices may weaken this summer, possibly in May and June when the Fed delays lowering interest rates. However, if inflation in the US continues to be controlled and the US economy shows signs of weakening, gold has the opportunity to increase its score following the weakening of the USD.
OANDA:XAUUSD
by TrategySherpa
WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SOYBN/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:SOYBNUSDShort
by StewySongs
EURUSD: Overbought on 1D presenting a sell opportunity.EURUSD is overbought on its 1D technical outlook (RSI = 71.115, MACD = 0.002, ADX = 33.336) with the price approaching the top/ LH trendline of the long term Channel Down. It is already past the 0.618 Fibonacci level, where the last LH got rejected but the 1D RSI is right where the tops of December 27th 2023 and March 7th 2024 where formed. This is a solid low risk sell opportunity, aiming for the next LL on a 1.236 Fib extension (TP = 1.05550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Gold continues to increase in today's trading session Gold rebounded after ultimate night`s information and persisted to boom on this morning's buying and selling session Gold weakened after US manufacturer charge information for April become released. (PPI) in April of americaA elevated in comparison to the preceding period The Fed will retain to keep restrictive economic coverage till inflation declines Fed Chairman Jerome Powell now no longer signaling a charge hike is likewise high quality for XAU and will assist the treasured metallic benefit further. Whether americaA CPI will increase better or decrease than expected, it's far a useful state of affairs for gold. Accordingly, if americaA CPI will increase rapidly, gold will sell its position as an inflation prevention tool. On the contrary, if CPI falls, expectancies of hobby charge cuts will boom, setting stress at the USD and reaping rewards gold.
TVC:GOLDLong
by TrategySherpa
XAU decreased slightly in today's trading sessionThe recovery of the global stock market is also considered a factor causing gold prices to "slip" in the last trading session of the week. Global stock markets were mostly higher with US stock indexes pointing towards a higher open as the day's trading session in New York began. The gold market in China is also strongly affected by the resurgence of the COVID-19 pandemic. A recent report shows that gold holdings in China's exchange-traded funds (ETFs) only totaled 3.5 billion USD at the end of April 2022. According to analysts, the gold market is in a "danger zone" as the price moves closer to 1,800 USD/ounce. This is solid support, but a break below could lead to more selling. Edward Moya, senior analyst at OANDA Financial Services Company (USA), initially said that gold showed signs of stability, but investors were still worried about inflation data. Besides, the strengthening USD is affecting gold prices.
FOREXCOM:XAUUSDLong
by NicoTradingMaster
DXY : The USD will continue to weakenOn the morning of May 15, the State Bank (SBV) announced the central exchange rate USD/VND at 24,269 VND, an increase of 3 VND. The exchange rate range allowed for transactions at Commercial Banks ranges from 23,400 - 25,450 VND. The USD/VND exchange rate was also brought to the trading range of 23,400 - 25,450 VND by the SBV Exchange. This morning's exchange rate increased slightly at commercial banks. Specifically, Vietcombank has a buying level of 25,152 and a selling level of 25,482, an increase of 3 dong in both buying and selling directions compared to yesterday. Meanwhile, the exchange rate on the free market increased more strongly. In Hanoi at 05:15, the exchange rate fluctuated around 25,768 - 25,848 VND, an increase of 10 VND on the buying side and an increase of 20 VND on the selling side compared to yesterday. The DXY index yesterday almost lost the 105.00 mark after the PPI data was released. Currency pairs also fluctuated accordingly, even the USD/VND exchange rate in the forex market also decreased sharply. However, somehow miraculously, the listed exchange rate still increased slightly.
TVC:DXYShort
by SantaTradeGold
XAUUSD : Gold is pushing towards record territoryGold prices steady amid mixed US PPI data, investors ready for tonight's CPI data Gold's rally continues after falling on Monday at $2,357, but has yet to surpass the recent high of $2,378, recorded on May 10. This could cause the XAU/ USD moves sideways within a certain price range. According to the RSI indicator, the current trend is beneficial for investors holding gold. Therefore, the first level of resistance for XAU/USD will be the high of May 10, which is $2,378. If surpassed, the next level will be $2,400, followed immediately by the April 19 high of $2,417 and the historical peak of $2,431. Conversely, if bears prevail and push the price below $2,359, it could lead to a decline to the May 9 low of $2,306, then to $2,300. Once crossed, the next stop will be the 50-day SMA at $2,249.
OANDA:XAUUSDLong
by SantaTradeGold
XAU is awaiting important inflation dataMany professionals accept as true with that withinside the close to future, the Fed is prepared to decrease hobby prices. Recent disasters in peace negotiations withinside the Gaza Strip are nonetheless helping gold charges. Many crucial facts can be posted this week, along with April PPI and CPI of the US. These can be facts factors that traders want to pay unique interest to due to the fact they'll have a main effect at the Fed`s hobby charge choice and the related effect on gold charges Gold charges stay above 2,three hundred as markets anticipate crucial US inflation facts This week consists of the manufacturer fee index (PPI) and patron fee index (CPI). PPI is forecast to boom 0.3% month-over-month, as compared to a 0.2% boom withinside the March record. CPI is forecast to boom 0.4%, as compared to the March record which confirmed a 0.0% boom. 4%. The annual CPI in April is predicted to boom 3.6% as compared to the 3.8% boom withinside the March record. Consumer fee index. Hotter-than-predicted inflation should boom the probability that the Fed will hold hobby prices excessive for longer..
OANDA:XAUUSD
by TrategySherpa
XAU is waiting for data from today's newsTraders and investors are awaiting key US inflation data for April released this week including the producer price index (PPI) and consumer price index (CPI). PPI is forecast to increase 0.3% month-over-month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, compared to the March report which showed a 0.0% increase. 4%. The annual CPI in April is expected to increase 3.6% compared to the 3.8% increase in the March report. Tim Hayes, chief global investment strategist at Ned Davis Research, says he expects gold prices to eventually surpass last month's record high above $2,448 an ounce, but a breakout may not happen. until the US Federal Reserve (Fed) actually cuts interest rates. Gold could be especially vulnerable this week as the market focuses on the Consumer Price Index report, Mr. Hayes said. Hotter-than-expected inflation could increase the likelihood that the Fed will keep interest rates high for longer. Although inflation remains high, an increasingly sluggish US labor market and weaker economic activity will prevent the Federal Reserve from raising interest rates.
TVC:GOLD
by TrategySherpa
GBPUSD: Sell this 2nd 1D MA50 test.GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Gold prices increased this morningCadastral tensions have boosted gold prices This weekend, americaA Consumer Price Index (CPI), Producer Price Index (PPI) and Retail Sales may be launched and might supply a few guidelines approximately the financial outlook and inflation trajectory. broadcast. Senior FED officers have given statistics that slicing hobby quotes in 2024 is appropriate, bringing up inflation nevertheless growing withinside the first few months of the year. Cutting hobby quotes in 2024 is appropriate, for the reason that inflation remained multiplied withinside the first few months of the year. On the alternative hand, the Israeli military introduced that it carried out army operations in northern Gaza in a single day and "precision operations" centered the east, close to the Rafah border, in addition to withinside the Zeitoun neighborhood, the middle Gaza Ongoing geopolitical tensions withinside the Middle East have contributed to the boom withinside the rate of gold, a conventional safe-haven asset.
TVC:GOLDLong
by TrategySherpa
DXY : USD is forecast to weaken at the end of the yearFor USD, the weekend before May 10, the SBV announced the central exchange rate of 24,271 VND, an increase of 6 VND compared to the previously listed rate, the reference exchange rate at the SBV Exchange was at 23,400 - 25,450 VND. . Buying prices at commercial banks currently fluctuate between 25,120 - 25,225 VND while selling prices reach 25,484 VND. On the black market, the buying and selling price of USD is at 25,670 - 25,750 VND. Despite trading in a week lacking directional data, the DXY index remained quite volatile and overall had a bullish week of trading. The index is currently still trading above the key support level of 105.00 at the time of writing. This week, the market will be quite busy when the US economic calendar thickens with PPI, CPI and Retail Sales,... announced. Most important will be the CPI, which has a significant influence on market expectations of the Fed cutting interest rates.
TVC:DXYShort
by SantaTradeGold
XAUUSD : Gold is still expected to increase in the near futureWorld gold price (XAU/USD) increased nearly 1.5% at one point last weekend, reaching a high of $2,378 before closing at $2,360. This is the second consecutive rising session since the previous sideway period. This precious metal broke out strongly in the context of geopolitical tensions showing signs of escalating in Gaza when peace negotiations between Hamas and Israel in Cairo failed. Gold demand is also driven by concerns about the US labor market. Recent economic data has shown signs of weakness, fueling speculation that the Fed may lower interest rates sooner than expected, thereby stimulating demand for gold. Besides, globally, the general trend of central banks is shifting to reducing interest rates or at least, they are showing that they are ready to lower interest rates. The interest rate environment shows signs of peaking and starting to gradually decrease, which also creates a push for gold prices. Centrally, the Fed's monetary policy is always adaptive to the situation and based on the latest data. Therefore, the timing of interest rate cuts may change depending on inflation developments, if inflation decreases or increases faster than expected. This week's CPI report will be in focus as this data point could have a significant impact on gold prices. Mr. Jim Wyckoff, Senior Market Analyst at Kitco News, commented: "If this week's inflation data is high or even moderate, the likelihood of the Fed cutting interest rates as early as September will decrease. go significantly."
OANDA:XAUUSDLong
by SantaTradeGold