MaestroTrading_FX

MaestroTrading_FX

For the first time in recent weeks, gold is looking attractive again. If you like gold that costs more than $2,000, it's currently selling for almost $1.8,000. But is finding a buyer the important question? A sharp decline of $130 (6.7%) in a few weeks (from the September 21st high) means that gold prices are technically oversold and are likely moving away from...

MaestroTrading_FX

Cryptocurrency markets fell in value on Monday, mainly due to Bitcoin's failure to break above $28,300. The cause of this economic slowdown is believed to be concerns about rent-seeking practices and Federal Reserve policy. Its impact was felt across various meme coins including DOGE, SHIB, FLOKI, and PEPE Coin listed on the Binance exchange. Despite the overall...

MaestroTrading_FX

Despite continued positive news for the USD as tensions in the Middle East explode, DXY shows signs of decline. The safe-haven US dollar rose in early European trading on Monday as escalating Middle East conflict weighed on risk aversion following this week's strong jobs report. As of 03:00 ET (07:00 GMT), the dollar index, which tracks the greenback against a...

MaestroTrading_FX

The safe-haven US dollar rose in early European trading on Monday as escalating Middle East conflict weighed on risk aversion following this week's strong jobs report. in front. As of 03:00 ET (07:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.4% higher at 106.204. Dollar demand soared on Monday after...

MaestroTrading_FX Updated 

Global gold prices were on an upward trend this morning, with the spot gold price increasing by $2.5 from the closing price to $1,835.6 per ounce. In last week's final session, the gold market rebounded as the labor market showed some weakness despite employment gains last month. The modest increase ended a long series of declines since the Federal Reserve left...

MaestroTrading_FX

On the economic front, the Bureau of Labor Statistics will release the consumer price index for September, which is forecast to increase 0.3% in both headline and core CPI, compared to the post-pandemic peak figures from September. 2022. The Federal Open Market Committee is scheduled to release minutes from its mid-September monetary policy meeting on Wednesday....

MaestroTrading_FX

BTCUSD was a slight increase of 0.24% over the past day, according to CoinStats data released on Thursday. However, the cryptocurrency continues to show bearish momentum on the hourly chart. It broke above the latest support at $27,560, suggesting a drop to $27,000 if daily trading ends below this mark. Earlier in the week, despite an initial bullish close,...

MaestroTrading_FX

One of Europe's leading projects is facing a serious challenge. The Schengen visa-free zone is under constant pressure as more and more countries maintain or reintroduce internal border checks, citing migration or terrorism concerns. In 1995, Europe established a borderless area - Schengen. The current European Commission has called it “the crown jewel of European...

MaestroTrading_FX

The war situation in Israel is likely to boost demand for safe-haven assets as investors closely monitor developments in the Middle East to assess geopolitical risks to the market. school. Amid rising geopolitical risks, purchases of haven assets such as gold and the US dollar – assets that are likely to stay the same or even increase in value amid uncertainty –...

MaestroTrading_FX

The DXY index fell from a high of 107.35 and closed the week at 106.04, breaking an 11-week uptrend. Previously, the currency soared above the 107 mark after the US employment data was released, but fell sharply at the end of the week when the pace of wage growth also slowed down. Wage data showed monthly wage increases remained moderate, with average hourly...

MaestroTrading_FX Updated 

Gold rebounds from multi-month lows as traders focus on U.S. dollar’s pullback. The strong Non Farm Payrolls report did not put pressure on gold markets as currency traders decided to use the news as an opportunity to take some profits off the table after dollar’s rally. In case gold manages to settle above $1830, it will head towards the nearest resistance level...

MaestroTrading_FX

World gold prices stabilized with spot gold down 0.4 USD to 1,820.6 USD/ounce. Gold futures last traded at 1,834.4 USD/ounce, down 0.4 USD compared to yesterday morning. The world gold market was quiet in the early morning trading session this morning (Vietnam time) while waiting for the US Department of Labor's September employment report to be announced on...

MaestroTrading_FX

World gold prices continued to decline slightly with spot gold down 5.3 USD to 1,823.1 USD/ounce. Gold futures last traded at $1,839.50 an ounce, down $5.10 from the bright spot. A strong USD and US Treasury bond yields rising to their highest level in 16 years brought gold futures prices to their lowest level in 10 months in this morning's trading session...

MaestroTrading_FX

World gold prices fell sharply with spot gold down 21.3 USD compared to brightness, falling to 1,828.4 USD/ounce. Gold futures last traded at $1,844.60 an ounce, down $21.50 from the bright spot. December gold futures had their lowest level in 10 months in this morning's trading session (Vietnam time). The USD reached a 10-month high and US Treasury bonds rose to...

MaestroTrading_FX Updated 

On the world gold market, the price of gold traded at the end of last week in the US decreased by 15.9 USD to 1,848.4 USD/ounce. In Asia this morning, gold prices continued to fall to 1,845 USD/ounce. Gold futures price delivered in December 2023 on the Comex New York floor decreased by 12.5 USD, equivalent to a decrease of 0.67% to 1,866.1 USD/ounce. The gold...

MaestroTrading_FX Updated 

Gold prices fell in the morning session on Monday (October 2) because of pressure from the strong USD, after ending last week at a 6-month low. The dollar has appreciated against rival currencies, making gold more attractive to buyers in other currencies. At the time of the survey, the USD Index, a measure of the greenback's strength, against the fiat currency,...

MaestroTrading_FX Updated 

Gold prices experienced a dramatic sell-off last week. Gold continuously plummeted when the US Federal Reserve (Fed) kept interest rates unchanged at its September policy meeting and reiterated that interest rates will remain at higher levels for a longer period of time than previously predicted. Kitco News' latest gold survey shows that most market analysts are...

MaestroTrading_FX

Today's gold price on the international market decreased by 15 USD, from 1,875 USD/ounce to 1,865 USD/ounce at 6:00 a.m. on September 29. Although the USD stopped increasing in price, the world gold price still dropped shockingly because the value of this currency is still high, the USD Index remained stable at 106.6 points. Mr. Jamie Dimon - CEO of JP Morgan...