The week ahead presents many ‘high importance’ risk events ranging from US CPI data to central bank decisions in Canada, New Zealand and the European Union. The FOMC minutes of the March meeting will also provide more insight on Fed thinking, although, the trend of hotter US data may diminish the impact of what was discussed during the March meeting. TVC:DXY IN...
Trading Plan for Thursday, April 11th, 2024 Market Sentiment: Uncertain, as the market continues to digest the hotter-than-expected CPI report and its implications for the Federal Reserve's actions. Key Supports Immediate Supports: 5200, 5191 (major), 5184, 5178, 5171 (major), 5162. Major Supports: 5157, 5147, 5123-26 (major), 5103, 5096 (major), 5050-53...
What do the labor market and the stock market have in common? They are both showing a huge divergence between the fortune’s big companies and smaller companies. From 2009 to 2021, the large caps in the S&P 500 and the small caps in the Russell 2000 moved more-or-less in lock step. Since the end of 2021, however, investors in the S&P 500 have earned a 9% return....
The world gold spot price is around the threshold above 2,289 USD/ounce, down more than 12 USD/ounce compared to the transaction at the same time yesterday morning. Closing yesterday's session, the world gold spot price in the US market stood at more than 2,292 USD/ounce, down 8 USD/ounce, compared to the previous session's close. After soaring to over 2,300...
⏳ Let's take a look at the analysis of the ADA coin and analyze it for our trading 📉 In higher time frames such as weekly, we have been experiencing an uptrend and have reached a significant weekly resistance at 0.7901. After hitting this resistance, we have undergone a deep correction so far, but we have not turned bearish yet in the daily time frame. 🔽 In the...
Today's world gold price is listed on Kitco at 2,175 USD/ounce, up 17 USD/ounce compared to early yesterday morning. World gold prices rebounded due to the weakening of the USD as investors still hope that the US Federal Reserve (Fed) will cut interest rates in June despite high inflation in the US. Meanwhile, escalating geopolitical tensions cause safe-haven...
World gold price stood at 2,300 USD/ounce, a sharp increase of 18 USD/ounce compared to the same hour yesterday morning. Gold prices continue to reach new record highs in history, with no end in sight. Since the beginning of April until now, gold prices have continuously increased, breaking previously established peaks. The prospect of interest rate cuts,...
US NONFARM PAYROLLS – OANDA:XAUUSD - The U.S. dollar and gold prices will be very sensitive to the upcoming U.S. jobs report - Market expectations suggest the U.S. economy created 200,000 payrolls in March - Strong job growth should be positive for the U.S. dollar but bearish for gold prices OANDA:XAUUSD corrected as the US Dollar recovered due to hawkish...
Trading Plan for Tuesday, April 9th, 2024 Market Sentiment: Consolidating within a tight range. Expect a breakout or breakdown with the potential for increased volatility. Key Supports Immediate Supports: 5246, 5232-35 (major), 5221, 5212, 5207 (major). Major Supports: 5196-98 (major), 5181, 5172 (major), 5155 (major), and many more. Key...
The area is marked for entry. Recommended for spot and futures. Check out. Good luck.
OANDA:XAUUSD market continues its unstoppable trend, hitting a record high and up nearly 5% from last Friday. Gold prices continue to benefit from escalating geopolitical tensions, although the US March jobs report lent support to the USD. Gold prices reached a new high despite strong US nonfarm payrolls data. The report showed an increase of 303,000 jobs in...
Gold price today April 8, 2024 on the world market increased dramatically, reaching a new record level of nearly 2,342 USD/ounce after adjusting downward in the morning. Gold prices set a record thanks to high trading volume after US Federal Reserve Chairman Jerome Powell emphasized that recent data will not change the overall economic situation. The US economy...
OANDA:XAUUSD continues to make new all-time highs, while Federal Reserve Chairman Jerome Powell has reiterated that recent job growth data and higher-than-expected inflation data will not materially change the the general situation of economic policy this year (the Fed is expected to start its interest rate cutting cycle in June). Fed Jerome Powell Powell...
Gold price today (April 9), the world market reversed and increased sharply again compared to the previous trading session. Rising demand and high expectations of investors have pushed gold prices up despite positive economic developments. A series of positive US economic information shows signs that the world's No. 1 economy is recovering well. Therefore, the...
Trading Plan for Monday, April 8th, 2024 Market Sentiment: Bullish with potential for volatility as CPI data approaches. Important Note: CPI data will be released later this week. Expect outsized moves and potential traps. Prioritize risk management and adaptability. Key Supports Immediate Supports: 5246 (major), 5230-34 (major), 5221, 5212, 5207, 5203...
We see a nice gap down on WTI. As always, there is 80% chance that the gap will be filled. I already see an intraday price action confirmation. Goals: 86.6 / 87.4 ❤️Please, support my work with like, thank you!❤️
World gold price stood at 2,259 USD/ounce, a sharp increase of 26 USD/ounce compared to last week's closing session. MARKET RECAP: NEW RECORD IN THE BOOKS Gold broke its previous record and crossed the $2,200 per ounce mark in an exceptional first quarter. This surge was mainly driven by investor expectations of a more accommodative monetary policy outlook....
World gold price decreased by 3.7 USD to 2,247.8 USD/ounce. After rising sharply to a new record high in the first trading session of April, thanks to expectations of US interest rate cuts and the appeal of gold as a safe-haven asset, metal prices This quarter has slightly adjusted this morning. Market watchers are currently expecting the FED to cut interest...