FalCol_TradingMaster

FalCol_TradingMaster Oct 17, 2023

“The market will be focused on whether the economy is likely to accelerate again early next year and whether that causes inflationary pressure or not. The market is increasingly confident that the Fed has completed raising interest rates, but we need to closely follow developments surrounding the geopolitical situation in the world." Fed Chairman Jerome Powell...

FalCol_TradingMaster Oct 17, 2023

The radiant world gold price is now down with spot gold down 11.6 USD to 1,919.7 USD/ounce. Gold futures last traded at $1,934.30 an ounce, down $7.30 from the bright spot. World gold prices fell as pressured by technical selling following a previous 3% deceleration fueled by safe haven demand. The Israel-Hamas conflict has drawn investors into gold to protect...

FalCol_TradingMaster Oct 17, 2023

Last night - early this morning, investors continued to run out of gold as this asset increased in price for 5 sessions last week, up more than 5%, despite the sharp decline in the USD and geopolitical tensions in the region. The Middle East has not cooled down yet. The world's largest gold mining product SPDR version on October 17 still surprised with a net sale...

FalCol_TradingMaster Oct 16, 2023

On the world market, USD Index reached 106,450, up 0.08% in the last session of the week. The USD was also supported by its safe-haven status amid escalating tensions between Israel and Hamas forces, after Israel called on civilians to leave the northern Gaza Strip. “The greenback's growth over the past week largely reflects growing economic and geopolitical...

FalCol_TradingMaster Oct 16, 2023

Kitco News's latest weekly gold survey shows that market analysts and retail investors expect gold to continue to increase in price in the week ending October 20. Specifically, among Wall Street analysts who consulted the survey, 72% forecast that gold prices will increase this week. 72% of retail investors who participated in Main Street virtual tours shared the...

FalCol_TradingMaster Updated  Oct 16, 2023

Last week, the gold market witnessed the most impressive breakthrough since early spring when the price of this precious metal increased by more than 60 USD/ounce thanks to strong safe-haven demand at both the beginning and end of the week. Kitco News's latest weekly gold survey shows that market analysts and retail investors expect gold to continue to increase...

FalCol_TradingMaster Oct 13, 2023

GBPUSD was last trading over 0.2% higher at $1.2202. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected. "What we've got is a fairly weak growth story (from China), and that's weighing on the price numbers," said Rob Carnell, regional head of research in the...

FalCol_TradingMaster Oct 13, 2023

The euro EURUSD ticked up nearly 0.2% to $1.0549 after taking a tumble overnight against the dollar, while sterling GBPUSD was last trading over 0.2% higher at $1.2202. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected. "What we've got is a fairly weak growth...

FalCol_TradingMaster Oct 13, 2023

The U.S. Department of Labor report showed the annual increase in consumer prices in September was the smallest in the past two years, excluding volatile food and energy components. But the unexpected increase in rental costs has attracted the attention of investors. An auction of US 30-year notes showed falling demand for bonds also sent Treasury yields higher....

FalCol_TradingMaster Updated  Oct 13, 2023

Last night, the US announced that the consumer price index (CPI) increased by 3.7% year-on-year, higher than the forecast of 3.6%. However, the annual core CPI excluding food and energy prices decreased from 4.3% to 4.1%, meeting market expectations. At the same time, the US also announced the number of initial unemployment benefit applications of 209,000...

FalCol_TradingMaster Updated  Oct 13, 2023

After many consecutive days of rising, the price of gold today, October 13, of the world has decreased as data broadcast in the US cooled, the USD and US interest bonds heated up. Overnight, the US announced that the annual consumer price index (CPI) increased by 3.7%, higher than the forecast of 3.6%. However, the annual core CPI excluding real product and...

FalCol_TradingMaster Updated  Oct 13, 2023

World gold prices increased this morning with spot gold increasing by 14.2 USD to 1,874 USD/ounce. December gold futures last traded at $1,873.80/ounce, up $13.50 from yesterday morning. World gold continues to benefit from safe haven demand in the context of the Israel-Hamas conflict with no signs of ending. The precious metal has been strengthening modestly...

FalCol_TradingMaster Oct 12, 2023

GBP/USD broke above 1.2200 with relative ease on the way to the imminent resistance 1.2345 – a level that halted prior declines in April and June this year. Early signs of a possible pullback emerged after the MACD came out of oversold territory on the 5th of October. While a lot of the move is driven by the weaker dollar, the pound has been seen strengthening...

FalCol_TradingMaster Oct 12, 2023

The euro EURUSD was up 0.03% at $1.062, after touching an over two week high on Wednesday. Two influential European Central Bank policymakers said on Wednesday the central bank has made progress in getting inflation back down to target, but new shocks could still require the bank to continue a now-paused tightening cycle.

FalCol_TradingMaster Updated  Oct 12, 2023

The PPI index will be an indicator of the price sold to consumers in person (Consumer CPI index) will also increase accordingly. This will work strongly to determine interest rate increases by the US Federal Reserve (Fed). Tonight (December 10), the US will announce the CPI index. Experts say that if the CPI index also increases, at the upcoming meeting in early...

FalCol_TradingMaster Oct 12, 2023

We have previously noted that there is no consensus within the ECB's leadership on future monetary policy. This was further confirmed by ECB Executive Council member Isabel Schnabel, who countered Peter Kazimir by stating that further interest rate hikes may eventually be necessary. She added that while the ECB does not currently foresee a deep recession, “we...

FalCol_TradingMaster Oct 11, 2023

Sterling GBPUSD rose to a three-week high of $1.2296, while the euro. EURUSD last bought $1.0606, not far from Tuesday's more than two-week top of $1.0620. "The Fed is shifting away from further rate hikes, and its tightening bias too may be dropped by December," said Thierry Wizman, Macquarie's global FX and interest rates strategist. U.S. Treasury yields have...

FalCol_TradingMaster Oct 11, 2023

There is now a near-consensus perception that the Fed will leave rates on hold at its Nov 1 meeting, following recent comments from senior Fed officials supporting a pause. The CME FedWatch Tool prices an 85.4% chance that rates will remain at 5.25%-5.50% versus 53% a month ago. The signals from the Bank Of England are less consistent. Deputy Governor Ben...