Sofia-QueenOfFomo

Sofia-QueenOfFomo

EUR/JPY appears to have rejected a move lower on Monday when it traded down to 159.58. That dip broke below two previous lows and the 55-day Simple Moving Average (SMA) before closing back above all of them at the end of the session. The sell-off could be interpreted as a stop-loss take-out rather than an emerging bear market. In any case, the ascending trend...

Sofia-QueenOfFomo

GBP/USD fell 0.3% to 1.2452, with the pound hit by news that the UK economy contracted by a larger-than-expected 0.5% in July, the biggest drop of the year today, instead of the monthly decrease of 0.2% as predicted. Data showed all major sectors of the economy - services, manufacturing and construction - fell in July. The Bank of England is still tipped for 14...

Sofia-QueenOfFomo Updated 

Intraday bias in GBP/USD stays on the downside at this point. Fall from 1.3141 should target 61.8% projection of 1.3141 to 1.2618 from 1.2799 at 1.2476. Firm break there could prompt downside acceleration to 100% projection at 1.2276.

Sofia-QueenOfFomo

Gold price held firm despite Monday's strong US consumer inflation data, as markets bet the Federal Reserve will keep interest rates unchanged next week. But whether gold prices will remain at $1,900 an ounce remains a question, as U.S. interest rates are likely to remain higher for longer. The dollar also remained stable at a nearly six-month high, despite...

Sofia-QueenOfFomo

Future currency rate of the currencies is predicted at 249.72750600848 (57.811% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth $157.811 on 2024 September 06, Friday.

Sofia-QueenOfFomo

The increase in the CPI may also lower real interest rates, which can be positive for the price of gold, and/or spur safe-haven demand for the yellow metal if there is high inflation accompanied by the fear about the current state of the U.S. dollar and the global monetary system.

Sofia-QueenOfFomo

The crucial US Consumer Price Index (CPI) will provide fresh cues about the Federal Reserve's (Fed) future rate hike path after the widely anticipated pause in September. A stronger US CPI print will reaffirm market bets for further policy tightening by the Fed, which, in turn, will set the stage for a fresh leg down for the non-yielding Gold price. It is worth...

Sofia-QueenOfFomo

Some important information: - Gold recovery seeks daily closing above 1.891, Fedspeak eyed. - Gold Price Forecast: XAU/USD remains below $1,900, awaits Fed's Jackson Hole Symposium. - Forex Today: US Dollar ends mixed, retains its leadership Thank you for reading Sofia's post, have a good day ❤️

Sofia-QueenOfFomo Updated 

Hello guys, some important information you need to read ❤️ This week will be quite bleak as the focus will be on the economic policy symposium at Jackson Hole along with a speech by Fed chair Powell to better understand the economic outlook and future interest rate path. The euro area and the UK will release PMI data this week after sliding in recent months....