FalCol_TradingMaster

FalCol_TradingMaster

The Euro rebounded last week. The coin has managed to stay well above the 1.05 level. However, the short-term outlook has not yet turned optimistic. The key resistance levels for the coin are 1.0650-1.07. The currency needs to rally beyond 1.07 to be able to rise to 1.08 and even higher. Conversely, if the Euro remains below 1.07 it will continue this trend down...

FalCol_TradingMaster

The DXY index turned down last week, in the context of US Treasury bond yields continuing to increase. The 10-year US Treasury bond interest rate hit 5% this week. In a recent speech, US Federal Reserve Chairman Jerome Powell reiterated that inflation in the US remains high. According to forecasts released by the central bank last month, the Fed is likely to raise...

FalCol_TradingMaster Updated 

Daniel Pavilonis, senior commodities broker at RJO Futures, said that precious metal prices will continue to be driven by geopolitics. This expert predicts: "If nothing dramatic happens, gold prices will retrace and test recent support levels. Central banks will also be watching the gold market and they will not be happy to see Precious metals are strong. We will...

FalCol_TradingMaster Updated 

Gold continued to increase strongly last week, amid the ongoing conflict in the Middle East. The precious metal trades close to the $2,000/ounce mark and all-time highs appear to be in the not-too-distant future. Kitco News' latest weekly gold survey shows retail investors remain bullish on the precious metal, while market analysts expect a turnaround after a...

FalCol_TradingMaster

XAU/USD is likely to move higher. Gold rose above all important MAs, closing the day above the 200-day MA at $1,970. Momentum indicators show positive momentum, with RSI moving higher and consolidating at multi-month highs. On the H4 frame, gold may soon correct downwards, but the main trend is still up. The nearest support is MA 20 at 1,950.50 USD, and this line...

FalCol_TradingMaster

The decline was influenced by the strength of the USD when US government bond yields increased with the 10-year yield reaching 4.90%, the highest level since 2007. With the current recovery momentum of the US economy and increasing geopolitical tensions in the Middle East, the Euro may continue to decline in value in the near future, even reaching a new low this...

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The radiant world gold price has now increased sharply with spot gold increasing by 25.8 USD, increasing to 1,972.7 USD/ounce. Gold futures last traded at $1,985.40 an ounce, up $17.10 from the bright spot. The gold market continues to benefit as the Israel-Hamas conflict continues to intensify. In this bright trade, gold held on to gains despite Federal Reserve...

FalCol_TradingMaster Updated 

World gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot. Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since...

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China's weak economy has put pressure on the AUD recently despite measures to stimulate growth. China's GDP report tomorrow is likely to create volatility for the AUD/USD pair. Australian iron ore export figures rebounded today, supporting AUD. US retail sales will be released later today and if the actual data is in line with forecasts, AUD could rise further....

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Financial markets are gradually turning away from macro data and toward the increasingly unstable situation in the Middle East. Today, US President Joe Biden went to Israel to negotiate with Prime Minister Benjamin Netanyahu, but his meeting with the leaders of Palestine, Egypt and Jordan was abruptly canceled last night after a hospital Gaza was attacked by...

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The falling USD has partly supported this pair despite deteriorating risk appetite due to geopolitical concerns. The next event of focus is key UK wage inflation data and the September US Retail Sales report released on Tuesday. On the H4 frame, the RSI indicator dropped below 40, showing a short-term bearish trend. The 1.2200 area with 2 MA lines 50 and 100 will...

FalCol_TradingMaster

The decline was influenced by the strength of the USD when US government bond yields increased with the 10-year yield reaching 4.90%, the highest level since 2007. With the current recovery momentum of the US economy and increasing geopolitical tensions in the Middle East, the Euro may continue to decline in value in the near future, even reaching a new low this...

FalCol_TradingMaster

Gold prices rose even as data showed US retail sales exceeded forecasts and industrial products rose sharply last month. The Fed's fixed metric will keep interest rates higher for longer. Higher borrowing costs are often seen as a negative for gold. According to ANZ Banking Group Ltd, any escalation will reinforce the need for protection. “This comes amid strong...

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The dollar fell slightly in mid-session after data for US retail sales rose more than expected in September, as consultants focused on a series of speeches from government agencies. US Federal Reserve (Fed) officials. Marc Chandler, Chief Market Strategist at Bannockburn Global Forex, said: “The view that the US economy slowed in the fourth quarter is because...

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Currently, investors are waiting for the speech of US Federal Reserve Chairman (Fed) Powell on Thursday to get more clues about the US Central Bank's monetary policy roadmap after the words recent dovishness from Fed officials. Traders are assessing whether the US central bank may raise interest rates again, in an effort to bring inflation closer to its 2%...

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On Tuesday (October 17), the USD rose against the Japanese Yen but ended lower against the Euro. On the other hand, in the European market, the Euro increased 0.08% to 1.0569 USD. The currency rose from its lowest since December 2022 of $1.0448 on October 3. In other currency markets, the Japanese Yen weakened back near 150 and last traded at 149.77. This always...

FalCol_TradingMaster Updated 

World gold prices this morning reversed to increase slightly with spot gold increasing by 4.3 USD to 1,924 USD/ounce. Gold futures last traded at 1,937.2 USD/ounce, up 2.9 USD compared to yesterday morning. Despite stronger-than-expected US retail sales data and rising US Treasury bond yields, world gold prices in the evening session of October 17 (Vietnam time)...

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According to CME Group's FedWatch Tool, Fed funds futures traders are pricing in a 33% chance of another interest rate hike from the Fed this year. Bank of America analysts Athanasios Vamvakidis and Michalis Rousakis last week were skeptical about the greenback's growth in recent weeks. In the opposite direction, the Euro increased 0.40%, reaching 1.0554...