Pressured by a rebound in the US dollar and a slight rise in US government bond yields, the yellow metal lost 0.5% after hitting an all-time high of $2,589 an ounce earlier in the week. Traders are now waiting to see whether the US Federal Reserve will pivot policy at this meeting as expected. Following a series of optimistic data, financial markets are...
The Fed is likely to signal plans to cut rates in September when it concludes its meeting on Wednesday, according to economists surveyed by Bloomberg News, a move they see as leading to quarterly rate cuts through 2025. Rate markets are pricing in a 100% September move, with the possibility of two more cuts by year-end, according to swaps data compiled by...
Many forecasts say that China will hold to shop for gold due to the fact the share of gold withinside the country`s forex reserves remains very low, handiest 4.9%. Meanwhile, Beijing desires to lessen its dependence at the USD. According to specialists, treasured steel expenses have simply received momentum after the speech of the Chairman of the United States...
cadastral risks in the Middle East and the expectation that the Fed will maintain the current situation, this increases the attractiveness for However, the increase in USD and government bond yields across all terms could weaken the upward momentum of XAU/USD. The market is focusing on the US PMI report published tonight. On the D1 frame, the key resistance to...
Improved US economic data supported the USD rebound and put pressure on the EUR. The market is focusing on the third quarter GDP report and last week's US unemployment claims for new catalysts. On frame D1, EUR/USD decreased sharply on Wednesday after 2 consecutive sessions of increase. The pair remains above the 20-day MA with technical indicators giving mixed...
(XAU/USD) fell ahead of the European open on Friday following the release of a better-than-expected US non-farm payrolls (NFP) report. This development reduces investor expectations that the Federal Reserve may cut interest rates soon. US nonfarm payrolls increased month over month, exceeding market expectations. Furthermore, wage inflation accelerated to 0.2%...
#COAL INDIA... Intraday as well as swing trade All levels given in charts IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this We take trade only when it activates...
Hello, Friends! EUR/CHF appeared on my radar today With the recent news and corresponding price action Making me bullish on the pair Therefore, a move up is to be expected BUY! ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Based on the technical analysis And the recent minor fundamental news BITCOIN looks bullish to me overall I think market-makers will be pushing the pair up That is why we are going long! Like and subscribe and comment my ideas if you enjoy them!
Hey Everyone, Please see 4h chart. TARGETS 1903, 1912 RETRACEMENT TARGET 1881 SWING RANGE 1855 We remain Bullish buying dips. 1903 is our next target but we have outstanding retracement target to 1881. We have already banked our buys and now staying out for the remaining trading day and closing the week on a high!!!! Chasing a trend all the way to the...