Stone_Haven

Stone_Haven Updated 

While the Israel-Hamas conflict shows no signs of easing, Alexander Zumpfe, precious metals trader at Heraeus, said investors are increasingly looking for stable investment opportunities during times like these. so and gold once again met these expectations. In addition to developments in the Middle East, investors are also keeping an eye on the stance of US...

Stone_Haven Updated 

📚 Safe-haven demand will push gold higher in the short term. Tight enough monetary policy and rising energy prices could easily kill the global economic outlook, the need for safe-haven assets becomes clearer. High inflation and a fairly solid economy could suggest the Federal Reserve will continue to raise interest rates, but eventually the economy looks set to...

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🔔UK inflation, although improving, remains high compared to other developed economies. The BoE will look at next week's unemployment data and average earnings figures after the jobs market reported positive figures and wages data recently crossed the 8% mark (a concern for the bank ).

Stone_Haven Updated 

💡Last week, gold saw its best weekly gain since mid-March due to increasing safe haven demand as the Israel-Hamas military conflict shows no signs of abating. 💡In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's...

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💡The H1 AUDUSD chart structure is bearish as the price creates a new low. The rebound to retest the recent peak of AUDUSD could be an opportunity to sell, following the downtrend of H1 and the downward pressure of D1. If AUDUSD H1 breaks above, the AUDUSD H1 structure will turn bullish, then you can wait to buy again.

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Active consumers in the euro zone will save the economy from a hard landing. Although sluggish manufacturing, weak exports, high financing costs and geopolitical instability are holding back economic growth, spending is still rising as people benefit from a strong labor market. . The European Central Bank predicts the economies of euro zone countries will continue...

Stone_Haven Updated 

The Israeli-Palestinian conflict has worried investors, creating support for safe-haven gold. Gold is used as a safe investment during times of political and financial instability, but higher interest rates increase the opportunity cost of holding unprofitable gold. After a short period of weakness, inflationary pressures sparked a rise in US Treasury yields,...

Stone_Haven Updated 

📚 Before the announcement of the US inflation data, gold prices reached a two-week high on October 12th, driven by the accommodative policy stance of policymakers. Prior to this, some Fed officials had suggested that recent increases in the Treasury bond yields might make further interest rate hikes less necessary. 📚 This, combined with safe-haven demand amid the...

Stone_Haven Updated 

The global gold market continues to benefit from safe-haven demand amid the ongoing Israel-Hamas conflict, which shows no signs of ending. This precious metal has seen modest yet resilient gains, despite the Federal Reserve's September meeting minutes indicating their commitment to maintaining a "higher for longer" monetary policy stance. The Federal Open Market...

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💡EUR/USD rise 0.1% to 1.0537, then fell sharply earlier, with multiple data releases appearing in the eurozone. France's CPI rose 4.9% year-on-year in September, while Spain's consumer prices rose 3.5%, both still above the European Central Bank's medium-term target. 💡ECB policymaker Francois Villeroy de Galhau reiterated his view on Thursday that the central...

Stone_Haven Updated 

Bar D1 yesterday increased sharply, in line with experts' comments that the gold price will continue to increase strongly by at least 188x - 1900. Largely due to expectations that the Fed will not raise interest rates in 2023 and has a roadmap to cut interest rates in 2024. Currently, 1877 is the MA20 resistance of D1, so there may be more or less a profit-taking...

Stone_Haven Updated 

Consumer expectations for inflation in the Eurozone increased slightly in August, reinforcing the view that it is too early for the European Central Bank to declare victory in the fight against inflation. The monthly survey published by the ECB shows that consumer expectations for inflation in the next 12 months have risen from 3.4% to 3.5%, and expectations for...

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According to experts from Leader Capital Markets, the current conflict is expected to be prolonged and severe. ANZ Bank experts believe that oil prices will continue to rise in the near future. Recent increases in oil prices are attributed to reduced supply as a result of OPEC+ production cuts. In the fourth quarter, the supply situation may be further disrupted...

Stone_Haven Updated 

The dollar traded virtually unchanged at the start of the European session Wednesday, consolidating ahead of the release of manufacturing inflation data and the Fed's latest policy meeting minutes. The USD has fallen quite a bit in recent sessions, despite growing political instability due to the conflict that broke out over the weekend between Hamas and Israel,...

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Today, the USD/CHF currency pair looks to rest at monthly lows, settling around 0.8920 entering the European session on Friday, after recording an impressive recovery to convince traders sales yesterday. The Swiss franc (CHF) fell the most in a week as it broke through key technical support levels, convincing investors to favor extended lows. What raises hopes...