Gold 2 May
We have mixed data coming in still, which is is unfortunate and its making the market unstable and harder, this was presented with the sideway market.
From yesterday May 1: Better than expected Manufacturing PMI data increasing demand for USD and optimism despite the banking fears, backing further rate hikes for FOMC this week.
Im waiting for the interest rate decisions and FOMC to know how the future of the monetary policies and Gold will be.
The US manufacturing pulled of 3 year old in April and the employment rebounded, also spending got restricted in march.
This week we only have proper data on THURSDAY (exports, imports, jobless claims and fed balance sheet) and FRIDAY (nonfarm payrolls and unemployment rate)
From yesterday May 1: Better than expected Manufacturing PMI data increasing demand for USD and optimism despite the banking fears, backing further rate hikes for FOMC this week.
Im waiting for the interest rate decisions and FOMC to know how the future of the monetary policies and Gold will be.
The US manufacturing pulled of 3 year old in April and the employment rebounded, also spending got restricted in march.
This week we only have proper data on THURSDAY (exports, imports, jobless claims and fed balance sheet) and FRIDAY (nonfarm payrolls and unemployment rate)
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