Commodities

Gold, Yen, Dollar to Hang on Powell’s Words at Jackson Hole

With treasury yields hovering close to their highest point in the past 15 years, attention is squarely focused on the forthcoming policy speech by Fed Chair Jay Powell this Friday at the Jackson Hole event. The primary interest lies in...

Gold’s Reaction to Upcoming Non-Farm Payrolls

Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch's downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly...

Gold or Nasdaq: What to Short this Week?

For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating...

AUD Bucks Trend after Fed Hikes Rates to 22-Year High

The Federal Reserve has decided to increase interest rates by 25 basis points, reaching a range of 5.25% to 5.50%, marking the highest level seen in 22 years. Market participants widely anticipated this move as the Fed resumed its tightening...

Inflation Cools, Gold Heats Up

In June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly...

Powell hints at 2 more hikes, sends gold lower

Currently, gold is hovering around $1,909 and maintaining a bearish outlook, with the potential to breach the $1,900 level. The daily chart reveals that the precious metal has dropped further below both the 20 and 100 Simple Moving Averages, which...

Market Reactions to Fed’s “Hawkish Pause” 

Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases...

US Inflation Trading Opportunities Ahead

The next two days' worth of trading could turn out to be particularly interesting due to the sharp drop in CPI expected on (US time) Tuesday as well as the market being (over?) confident that the Fed is going to...

NFP report: How Will it Shape the Gold Trend?

Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer...
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