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Trading strategy before CPI newsWorld gold expenses elevated way to motivation from the weakening of the USD and US Treasury bond yields after US manufacturer rate information for April turned into introduced. Specifically, the United States manufacturer rate index (PPI) in April elevated through 0.5% over the preceding month, a more potent growth than the forecast of 0.3%. Core PPI (apart from unstable meals and energy) additionally rose 0.5% in April as opposed to forecasts of 0.2%. In his speech in Amsterdam (Netherlands), FED Chairman Jerome Powell stated inflation continues to be excessive and the FED will should spend greater time on this fight. He stated the Fed will hold restrictive economic coverage till inflation falls to its goal degree of 2%. Marex analyst Edward Meir stated that the reality that FED Chairman Jerome Powell did now no longer sign a upward push in hobby prices is likewise a superb factor for gold and will assist this treasured steel growth further. Currently, the marketplace is watching for the United States purchaser rate index (CPI) for April to be introduced on May 15. CPI is forecast to be unchanged as compared to the March report. Annual CPI is forecast to growth through 3.6% as compared to the 3.8% growth withinside the March report.
TVC:GOLDLong
by NicoTradingMaster
Gold awaits important US inflation dataTraders and buyers are looking ahead to key US inflation statistics for April launched this week which includes the manufacturer fee index (PPI) and client fee index (CPI). PPI is forecast to boom 0.3% month-over-month, in comparison to a 0.2% boom withinside the March document. CPI is forecast to boom 0.4%, in comparison to the March document which confirmed a 0.0% boom. 4%. The annual CPI in April is anticipated to boom 3.6% in comparison to the 3.8% boom withinside the March document. The restoration of the worldwide inventory marketplace is likewise taken into consideration a element inflicting gold costs to "slip" withinside the remaining buying and selling consultation of the week. Global inventory markets have been commonly better with US inventory indexes pointing toward a better open because the day`s buying and selling consultation in New York began. Edward Moya, senior analyst at OANDA Financial Services Company (USA), first of all stated that gold confirmed symptoms and symptoms of stability, however buyers have been nonetheless involved approximately inflation statistics. Besides, the strengthening USD is affecting gold costs.
TVC:GOLDLong
by NicoTradingMaster
Heading into pullback resistance?AUD/JPY is rising towards the pivot, which acts as a pullback resistance and could reverse to the 1st support. Pivot: 103.64 1st Support: 102.36 1st Resistance: 104.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
WTI OIL / US OIL AnalysisUs oil is quite interesting. The movement is now in accordance with the analysis that I gave a few weeks ago. There are things that are repeated here, namely the price of forming a curve bullish again. The possibility is the price of bullish is quite high, if we pull the fibo extension, then the possibility of the price of pursuing fibo extensions 1. Fibo Extension 1 is more or less parallel to Fibo Extensions 1,618 from Wave 1. Could be, Wave 3 will move to the area. Take the opportunity to Long when the price is corrected.
TVC:USOIL
by Hokusai_FX
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSREPOST FROM 18TH DECEMBER Hey Everyone, Please see our 4H CHART setup with updated Goldturn levels and targets. As you can see 1773 held well as support last week with a new Goldturn at 1779 and now we are seeing price head towards the upper resistance structure towards 1808. We will track and trade this movement level to level confirmed with cross and lock and continue to buy dips from support levels. BULLISH TARGETS 1797 1808 1815 EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN REMAINING LEVELS 1822 1828 1836 1844 BEARISH TARGETS 1791 1785 1779 1773 1763 SWING RANGE 1763 EMA5 CROSS AND LOCK BELOW 1763 WILL OPEN THE LOWER LEVELS 1753 1746 1739 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
18
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone, Please see 4H chart updated with weighted Goldturns that will allow us to track the mid term movement level to level. Last weeks move down which found support above 1695 with a new Goldturn at 1699 confirming the move up. No candle body close was left below 1695 confirming the move up with no gaps left open below. We will look to trade this level to level with EMA5 cross and lock also keeping in mind the highlighted Goldturns that will open up the bigger range on cross and lock. We have a open TARGET at 1726 confirmed with EMA5 cross and lock above 1707. BULLISH TARGETS 1726 EMA5 CROSS AND LOCK ABOVE 1726 WILL OPEN 1741 AND 1758 BEARISH TARGETS 1707 1694 EMA5 CROSS AND LOCK BELOW 1694 WILL OPEN 1679 AND 1665 SWING RANGE 1694 SUPPORT STRUCTURE 1679 As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
17
GoldViewFX - END OF WEEK UPDATEHey Everyone, Quick end of day closing post. NFP today so we always advise non experienced traders to just stay out and observe. We however waited for the NFP momentum to exhaust and took buys from the bottom of the channel banking 30 pips at a time. As you can see the Goldturn channel is being respected and now testing support. The channel break with price is not confirmation of a breakout. We need to see EMA5 break the channel and lock out to confirm any break out. Either way NFP driven momentum should not be used to determine overall direction, once the noise is over, we wait for the new week and let the price fall back into its organic setup. We had an awesome week collecting over 500 pips in premier. We will now come back SUNDAY with our full multi timeframe analysis for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16