Krado_KO

Krado_KO Updated 

⚡️The USD/CAD first resistance would be the 1.3600 figure. A breach of the latter will expose the August 25 high at 1.3640, closely followed by the May 26 swing high at 1.3654 and the April 28 high at 1.3667. Once those levels are cleared, the 1.3700 figure would be up next before rallying towards the March 24 daily high at 1.3804. ⚡️Conversely, if the USD/CAD...

Krado_KO Updated 

⚡️Gold Price attracts bids at multi-day highs, despite the latest cautious performance of the XAU/USD traders, as the recently downbeat United States data bolstered expectations of witnessing a sooner end to the Federal Reserve’s (Fed) hawkish cycle. Also favoring the Gold buyers is the firmer sentiment about China, one of the world’s biggest Gold...

Krado_KO Updated 

⚡️The Pound Sterling (GBP) strives for a meaningful recovery after an intense sell-off, which was propelled by deepening recession risks. The recovery attempt by the GBP/USD pair seems delicate as UK factory activities face the wrath of higher interest rates by the Bank of England (BoE). Britain firms have shifted their focus on stabilizing margins and easing cost...

Krado_KO Updated 

⚡️GBP/USD lost its traction and touched its weakest level in 10 weeks below 1.2550 before correcting slightly higher. The renewed US Dollar strength following Fed Chair Powell's speech at Jackson Hole weighs on the pair, which remains on track to end the week deep in negative territory.⚡️ ⚡️Krado thinks the pair's downtrend will continue until mid-September, when...

Krado_KO Updated 

⚡️This notion weighed on the dollar and Treasury yields, allowing the yellow metal to appreciate on the prospect of fewer increases in its opportunity cost. ⚡️A softer dollar also helped spur gains in copper, with the red metal benefiting from increased optimism over more stimulus measures in major importer China, as well as signs of some recovery in Chinese...

Krado_KO Updated 

⚡️Gold prices fell Tuesday as the U.S. currency and bond yields remained firm before a string of Federal Reserve speakers this week. ⚡️While the yellow metal marked a strong run-up over the past two weeks, it has struggled to make headway in recent sessions, especially as the dollar and yields remained resilient despite signs of cooling U.S. economic...

Krado_KO Updated 

⚡️USD/CHF snaps the two-day winning streak, trading lower around 0.8830 during the early trading hours in the European session on Monday. The Swiss Franc (CHF) is experiencing upward support despite Switzerland’s downbeat Gross Domestic Product (GDP) (QoQ) for the second quarter. ⚡️The Swiss GDP declined to 0.0% against the market consensus of 0.1%, which was...

Krado_KO Updated 

⚡️EUR/USD remains low around 1.0845 as traders brace for top US jobs details early on Friday. In doing so, the Euro pair struggled to find clear direction after its biggest drop in five weeks the previous day. ⚡️That said, Eurozone inflation data was mostly positive the day before but the comparative stance on a four-month basis challenges the hawkish bias of...

Krado_KO Updated 

⚡️Powell acknowledged that the economic landscape is more favorable today than it was a year ago. However, he emphasized that the US central bank is ready to raise interest rates if needed, noting that a growing economy will come with the risk of rapid inflation again. ⚡️The Bloomberg Dollar Spot Index rose 0.2 percent to its highest level since early June as...

Krado_KO Updated 

⚡️XAU/USD remains below $1,950 as traders eagerly await US NFP, Gold price attracts fresh sellers following an Asian session uptick to the $1,944 region on Friday and hits a fresh daily low in the last hour, albeit lacks follow-through. ⚡️The XAU/USD currently trades just below the $1,940 level, nearly unchanged for the day, as traders keenly await the...

Krado_KO Updated 

⚡️Yesterday gold made a big jump after CB Consumer news JOLTS Jobs, currently still above 193x today, is experiencing a very slow correction around the 1936 - 1938 price range, the market seems to be optimistic after the rally and waiting for the Non-Farm news tonight. ⚡️U.S. economic indicators released on Tuesday showed dampening consumer sentiment and job...

Krado_KO Updated 

⚡️Gold prices fell this week as the yield on the 3-month US Treasury note jumped to 5.29%, its highest level in 15 years and well above its long-term average of 4.5%. ,18%. This shows that investors are expecting that the FED may not stop raising interest rates, or will maintain interest rates at a high level of 5.25-5.5% for a long time to come. ⚡️Meanwhile,...

Krado_KO Updated 

The Dollar Index’s rally paused at two-month highs, while Treasury yields fell slightly after reaching over 20-year peaks as market makers awaited Powell’s speech on Friday. This allowed spot prices to re-enter the $1,900 berth, although the outlook for the yellow metal still remained dull — or, at best, uncertain — amid concerns over higher U.S. interest...

Krado_KO Updated 

The yellow boy is walking very slowly as if the optimism from yesterday's news is still there, not in a hurry to continue waiting for Non-Farm. The yellow metal had a strong run-up over the past week, also benefiting from some safe haven demand as traders grew more uncertain over the U.S. economic outlook. But further gains in gold prices were clouded by the...

Krado_KO Updated 

⚡️Any signs of economic resilience, particularly in inflation and the labor market, give the Fed more impetus and headroom to keep raising interest rates - a scenario that is expected to weigh on gold. ⚡️The outlook for the yellow metal also remains uncertain, given that U.S. rates are set to remain higher for longer - a trend that was recently reiterated by Fed...

Krado_KO Updated 

⚡️Gold trading on Monday morning was gloomy, after being affected by jackson Hole meeting, investors find it difficult to find attraction from metal market, Will Gold Continue Its Recovery In The Background of Market Ready For One More Interest Rate Increase? ⚡️The Fed emphasized that the work needed to achieve the 2% inflation target is not yet completed, as...

Krado_KO Updated 

⚡️Gold prices fell slightly on Friday as traders largely favored the dollar ahead of more signals on U.S. monetary policy from the Jackson Hole Symposium, although signs of weakening growth still kept gold above key levels. ⚡️Gold was also set for its first positive week in five, as it recovered from five-month lows hit earlier in August. Despite Friday’s...

Krado_KO Updated 

GBP/USD is losing ground toward 1.2550 in the European morning. The pair respects the broad US Dollar strength ahead of the central bankers’ showdown at the annual Jackson Hole Symposium. Reduced bets for a 6% BoE peak rate also add to the weight on Cable. ⚡️SELL OANDA:GBPUSD 1.26318 - 1.26118 ⚠️SL : 1.27318 🌟TP 1 : 1.25118 🌟TP 2 : 1.24655 ⚡️Share your ideas...