XAUUSD 2468$ to 2522$
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8 Sept 2024
Economic calander
*Key Events This Week:**
1. **OPEC Monthly Report** - Tuesday
2. **August CPI Inflation Data** - Wednesday
3. **Initial Jobless Claims Data** - Thursday
4. **August PPI Inflation Data** - Thursday
5. **Continuing Jobless Claims Data** - Thursday
6. **MI Consumer Sentiment Data** - Friday
This is the final week of inflation data ahead of the much-anticipated September Fed meeting. #MarketWatch
14 Jul 2024
4 Apr 2024
EURUSD/EURGBP
EURUSD: Retail trader data shows 48.57% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Mar 21 when EUR/USD traded near 1.09, price has moved 0.27% lower since then. The number of traders net-long is 19.55% lower than yesterday and 15.37% lower from last week, while the number of traders net-short is 18.69% higher than yesterday and 13.36% higher from last week
US DOLLAR OUTLOOK – EUR/USD, USD/JPY, USD/CAD
US DOLLAR OUTLOOK – EUR/USD, USD/JPY, USD/CAD
U.S. dollar, via the DXY index, eases off multi-month highs as global yields soar
The spotlight this week will be the release of the March U.S. jobs report
This article explores the technical outlook for EUR/USD, USD/JPY and USD/CAD
xauusd live prices,XAU USD | Gold US Dollar,
xauusd live prices,XAU USD | Gold US Dollar,
The recent gold run-up has stalled over the past few days with little fundamental news or activity to help guide the precious metal. US rate cuts are coming, probably in June, while the geopolitical backdrop remains uneasy. To make a move from the current levels, there needs to be a fundamental or technical driver to help break the current inertia.
Looking at the daily gold chart, a bullish technical pattern is nearly fully formed so a breakout is due soon. A Bullish Pennant pattern is a short-term consolidation pattern that is formed by support and resistance merging. As these two lines close, a breakout occurs. If this pattern plays out, the price of gold could move considerably higher.
Retail trader data 43.48% of traders are net-long with the ratio of traders short to long at 1.30 to 1.The number of traders net-long is 5.63% higher than yesterday and 4.33% higher than last week, while the number of traders net-short is 4.76% lower than yesterday and 2.70% lower than last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Gold prices may continue to rise.
20 Feb 2024
Oil Price Outlook: Brent Crude, WTI Ease after Decent Recovery
Oil Price Outlook: Brent Crude, WTI Ease after Decent Recovery
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold Price: Current Pricing, Prices Chart & Rate Graph
followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
21 Oct 2023
XAUUSD LIVE PRICES ,XAU/USD FUNDAMENTAL FORECAST
GOLD OUTLOOK & ANALYSIS
Declining real yields and souring risk sentiment supports gold. Fed speakers to come later toda
y as markets mull over Powell speech. Can overbought XAU/USD push higher?
XAU/USD FUNDAMENTAL FORECAST Gold prices capitalized on the risk off mood across financial markets while receiving an additional boost from Fed Chair Jerome Powell last night. Tensions in the Middle East have been escalating playing into the hands of the safe haven yellow metal while US government bonds received a lift across the curve (decline in US Treasury yields). Consequently, real yields (refer to graphic below) are softening making the non-interest bearing asset more attractive to investors.
US REAL YIELDS (10-YEAR)
The Federal Reserve Chair signaled that the central bank is likely to keep interest rates on hold in November to gather more data and gauge the state of the US economy. That being said, there was no mention of being at the peak and that there could be scope for further monetary policy tightening if needed. From a more dovish perspective, he cited higher yields aided in keeping monetary policy conditions restrictive. Overall markets were expecting such guidance so no real surprises; however, money markets ‘dovishly’ repriced rate forecasts (see table below) with the first round of cuts expected around July as opposed to September prior to the speech.
IMPLIED FED FUNDS FUTURES
The economic calendar today is relatively muted and will see markets digesting yesterdays Fed comments as well as monitoring geopolitical tensions. More Fed speak will take place throughout the day but is unlikely to drive volatility as Fed Chair Powell’s address will be the focal point.
xauusd live prices,XAU USD | Gold US Dollar,
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
gold 1962$ hold can buyer is winner
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