darcsherry

13:25

darcsherry Updated 

After an 8-week break from USD/JPY, I’m excited to bring it back to our watchlist as we prepare for next week’s trading! Over the past 9 months, this pair has experienced major shifts—from early-year expectations of Japan's monetary policy changes to the dollar's surge mid-year and the USD/JPY oscillating around the 150 zone in October. Key drivers include...

14:33

darcsherry Updated 

In this week’s analysis, we dive into Gold's 1% surge following U.S. inflation data, which has sparked fresh uncertainty over inflation trends and boosted demand for safe-haven assets. The Consumer Price Index rose by 0.2% last month, while bullish PPI figures suggest the Fed could be on track for interest rate cuts in 2024. With escalating geopolitical tensions,...

12:57

darcsherry Updated 

Gold prices took a hit after a stronger-than-expected US jobs report, signalling a resilient labour market and likely gradual Federal Reserve (Fed) policy easing with 25-basis-point rate cuts. This data boosted the US 10-year Treasury yield by 12 basis points to 3.971%, putting downward pressure on XAUUSD. Next week’s key events include the US inflation data,...

14:00

darcsherry Updated 

Gold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in...

15:43

darcsherry Updated 

The GBP/USD hit its highest level against the US dollar in over two and a half years, and traders are closely watching for what's next. In this video, we break down the fundamental and technical factors driving the pair’s performance. With the Bank of England expected to move more slowly than the Federal Reserve on rate cuts, the pound is gaining an edge, though...

13:24

darcsherry Updated 

The Federal Reserve delivered a surprise 50 basis point rate cut, sending gold prices skyrocketing past $2,600! 🤯 This larger-than-expected cut underscores the Fed's commitment to maintaining low unemployment as inflation continues to ease. 📉 🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing...

13:23

darcsherry Updated 

Last week, Gold (XAU/USD) remained range-bound, trading within the $2,510 and $2,530. This followed a rebound fueled by weak Nonfarm Payrolls data, which showed a significant slowdown in US hiring. Traders reacted quickly, with Fed interest rate cut probabilities fluctuating. At one point, a 50 bps cut was priced in with 70% odds, but by the end of the week, a 25...

12:10

darcsherry Updated 

Gold prices dipped into the $2,500 zone on Friday after the US Department of Commerce revealed that inflation remains subdued. The Personal Consumption Expenditures (PCE) Price Index held steady at 2.5% year-over-year in July, falling short of market expectations. This aligns with the Fed’s potential move to ease monetary policy in September, though the size of...

12:18

darcsherry Updated 

Gold prices surged on Friday as the US Dollar and Treasury bond yields tumbled, driven by dovish comments from Federal Reserve Chair Jerome Powell. With the Fed signalling a policy shift and acknowledging that inflation is nearing the 2% target, the focus has turned towards achieving maximum employment. This backdrop has sparked renewed interest in gold among...

14:10

darcsherry Updated 

The British Pound gains significant traction as the UK Office for National Statistics reports a rebound in Retail Sales for July, with monthly and annual figures rising by 0.5% and 1.4% respectively. This momentum comes ahead of the Bank of England’s (BoE) crucial September monetary policy meeting, where decisions could hinge on the sharp decline in service sector...

13:59

darcsherry Updated 

Gold is on fire! Central banks are scooping up gold at an unprecedented rate, fueling a massive bull run. In this video, we dive into the XAUUSD market, examining the fundamentals driving this surge, including: 🪙 Central bank demand: Learn why central banks are hoarding gold and how this impacts the market. 📉 Interest rate cuts: The Fed is hinting at rate...

13:24

darcsherry Updated 

Gold (XAU/USD) prices surged to near $2,430 in Friday's New York session, rebounding after a turbulent week sparked by the Bank of Japan's surprise rate hike. But with the Fed's potential September rate cut looming, will gold continue its climb? The recent recovery highlights a firm near-term outlook for gold, driven by strong speculation that the Federal Reserve...

14:59

darcsherry Updated 

The British Pound (GBP) has been on a rough ride lately, closing out its fifth consecutive week in the red. But a late-week rally brought some hope, pulling the GBP/USD back from its lowest point in five months. Now, all eyes are on the upcoming week, which is packed with key economic data and a crucial Fed decision. In this video, we'll analyze the GBP/USD...

12:27

darcsherry Updated 

Gold took a tumble last Friday, reversing its upward trend after disappointing economic data from the US. We saw a near 1% drop following a two-week high of $2477, driven by concerns about the health of the US economy. The latest Nonfarm Payrolls figures fell short of expectations, adding only 114K jobs in July, a significant miss from the estimated 175K. This...

13:13

darcsherry Updated 

Gold prices surged 1% on Friday as U.S. Treasury yields fell, driven by optimism for a potential interest rate cut by the Federal Reserve in September. Data showed U.S. prices rose modestly in June, giving Fed policymakers fresh evidence of progress in their battle against inflation. The personal consumption expenditures (PCE) price index increased by 0.1% last...

15:20

darcsherry Updated 

Gold prices took a tumble on Friday, dropping over 2% as the US Dollar strengthened and investors took profits after last week's record highs. The precious metal extended its losing streak to three days, closing around the $2,400 level. What drove the dip? 📈 Strong US Dollar: A surge in the USD, fueled by speculation about a Republican victory in the US...

12:03

darcsherry Updated 

The Pound Sterling (GBP) extends its correction against the US Dollar following the release of weaker-than-expected UK Retail Sales data for June, showing a monthly contraction of 1.2% against the expected 0.4% decline and the previous month's growth of 2.9%. 🔍 Key Highlights: 📉 Retail Sales Data: A significant indicator of consumer spending, the sharp decline...

15:42

darcsherry Updated 

Gold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold...