Long position resulted in a gain of 1.42%. Long position resulted in a gain of 0.46%. set up at Tuesday’s close below 3.55%. resulted in a loss of 0.59%. Combined trade opportunities yielded a total gain of 1.29%, averaging 0.43% per asset.
Gold is correcting near $2,650 as of early Monday. Despite positive Chinese stimulus, traders are cautious. The US Dollar is recovering, influenced by cooling PCE data, which supports expectations for a significant Fed rate cut in November. Gold has eased from extreme overbought conditions, which may favor buyers in
Gold is pulling back after reaching new highs of $2,685 last week, trading in the $2,630s on Monday. Increased investment in Chinese equities and a brighter outlook for the property market are diverting capital from gold. The CSI 300 index surged over 7.5% during Monday's
The dollar/yen exchange rate dropped sharply after Japan's new Prime Minister, Shigeru Ishiba, was announced. Ishiba, a former defense minister, won the leadership of the ruling Liberal Democratic Party. He received 215 votes, beating Takaichi, Japan's Minister of Economic Security, who got 194 votes. Ishiba
Bitcoin usually performs poorly in September, with an average 5.9% drop over the last 10 years. However, this September, Bitcoin has gained over 10%. Global interest rate cuts, especially by the U.S. Federal Reserve, are helping Bitcoin resist its usual decline. Smaller cryptocurrencies have risen more than 20%
Gold and silver prices fell on Friday but are set for weekly gains. This is due to increasing expectations of a significant U.S. interest rate cut later this year. Markets are waiting for an important inflation report to get more guidance on future actions.
Current Price: XAU/USD trading at $2,636.30. Mixed market mood despite general optimism from easing interest rates. Stock markets are facing challenges at the start of the week. Gold prices in a corrective phase, with potential drops targeting $2,575. Most Asian indexes rose, but Japanese stocks fell
Michelle Bowman spoke at the Georgia Bankers Association conference about the U.S. economy and monetary policy. The Federal Open Market Committee (FOMC) cut interest rates by half a percentage point to a range of 4.75%-5% in September. Expressed that the U.S. economy remains strong, with ongoing
US GDP Growth (Q2): The US economy grew by 3.0% in the second quarter, matching the initial estimates. Previous GDP Growth (Q1): In the first quarter, the GDP growth rate was 1.4%. GDP Price Index (Q2): The price index rose by 2.5%, slightly lower than the 3.
WEEKLY MARKET OUTLOOK September 30th - October 4th Last week, the U.S. dollar experienced choppy movements within an oscillating channel, mainly because the market is still digesting the recent unexpected rate cut from the Fed before determining the overall direction. This Week to Watch: 1. TUE: Eurozone CPI Data
A recent survey indicates that a "monetary policy mistake" by the Federal Reserve is seen as the greatest risk to the U.S. economy over the next year. 39% of economists cited a policy mistake as the top downside risk. 23% pointed to the Nov. 5 U.S.
Gold is correcting near $2,650 early Monday. The US Dollar is recovering, supported by cooling PCE data, which boosts expectations for a significant Fed rate cut in November. Market participants are hesitant to make new bets on gold ahead of Jerome Powell’s speech later today.