Nzdusd wants t more buy go ahead read the caption Nzdusd to cut rates just two times this year and decrease the chance of easing policy in June. Investors have priced in 75% odds of a 25 basis points (bps) rate cut in June, down from 94% at the beginning of the week. The Fed is anticipated to keep the benchmark rate steady in the 5.26%–5.50% range in the March policy meeting next week. The Fed wants to see more evidence that recent disinflation progress is sustainable before starting
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Gold again record making move to 2200 read the caption Spot gold gained 0.7% to $2,172.88 per ounce. U.S. gold futures rose 0.5% to $2,176.60.
The dollar index was down 0.1%, making gold cheaper for overseas buyers.
“The situation for gold bulls right now is a win-win, if Fed cuts rates, gold jumps substantially, if they don’t cut rates, there will be concerns on inflation that could push gold higher,” Bob Haberkorn, senior market strategist at RJO Futures, said, adding that gold’s upside today shows buying on dip
Gbpusd don't leave uptrend read the caption The GBP/USD retreated sharply and then bounced back after the important UK and US economic numbers. It dropped from last week’s high of 1.2892 to a low of 1.2744. It then rebounded to a high of 1.2786 ahead of key UK GDP numbers.
The GBP/USD pair reacted to the mixed economic numbers from the UK. In a report, the Office of National Statistics (ONS) revealed that the country’s unemployment rate rose from 6.8% in December to 3.9% in January
Eurusd bullish trend read the caption EUR/USD continues its steady decline into midweek after the release of higher-than-expected inflation data from the United States (US) reduced the chances of an early interest-rate cut from the Federal Reserve (Fed).
The pair is trading in the 1.0922 at the time of publication, down from the last major peak in the 1.0981 s on Friday
Gbpusd push up More than expected read the caption The Bank of England will be keeping a close eye on the employment release. The BoE meets on March 21 and Governor Bailey has eased up on his pushback against rate cut expectations. If Tuesday’s employment numbers are stronger than expected, it will likely raise the odds of a rate cut later this year.
In the US, Friday’s employment release was a mix. Job growth remained strong as nonfarm payrolls rose 275,002 easily beating the market estimate of 200,000 and the downwardly revised 229,001
Gbpusd dropping level read the caption the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
Gold cross all time high new all time will touch 2300 (caption)Gold set a record peak of $2,194.98 for the fourth straight day on Friday after data signaled a cooling U.S. labor market.
“With large speculators having increased net-long exposure at their fastest weekly pace in 3.4 years last Tuesday, gold is clearly in demand and not a market to short for any length of time whilst traders expect Fed cuts,” City Index
COMEX gold speculators raised their net long positions by 63,017 contracts to 131,061 in the week ended March 5, data showed on Friday.
Prices will simply consolidate at lofty levels heading into consumer price inflation, or CPI, data for February, due on Tuesday, as that is likely the single biggest driver of gold prices this week,
Triangle always make bullish trend audusd read the caption risk complex, motivating AUD/USD to put the 0.6601 support to the test at the beginning of the week following Friday’s fresh two-month peaks around 0.6670
In the meantime, the continued decline in US yields across various timeframes appears to have met some contention and moved into a consolidative theme, always on the back of ongoing speculation regarding the Federal Reserve's (Fed)
Usdjpy sell zone and target point move higher would probably soon encounter resistance in the region of 147.602 -148.01 where the 100 and 50-day Simple Moving Averages (SMA) are situated.
Given the pair is now in a short-term downtrend, however, it will probably eventually rollover and start falling again, back down to the 146.48 March 8 lows.
If the pair breaks below the 146.48 lows it will probably fall to support at the 146.22 and the 200-day SMA, followed by 145.89 the February 1 low
gold futures per ounce rate 2000.80% read the caption Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings, reflecting the ongoing retracement rather than suggesting
Xauusd will close to 2200 read the caption Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Chair Jerome Powell’s remarks cemented mid-year rate cut bets, ahead of a key jobs report later in the day.
was little changed at $2,157.16 per ounce, as of 0350 GMT, hovering around a record peak of $2,164.09 hit in the previous session
Audusd big Bull read the caption The next AUD/USD news to watch will be the upcoming US initial and continuing jobless claims numbers. Expectations are that initial jobless claims rose to 218/7k last week. These numbers will be followed by the latest existing home sales. Existing home sales are expected to come in at 3.95 million in January.
The other important data will be the flash manufacturing and services PMI numbers by S&P Global. The report
Gold new target 2250 read the caption Powell’s remarks, coupled with data released the same day indicating a softening of labour market conditions, resulted in U.S. Treasury yields and dollar sliding, increasing the appeal of gold.
If Friday’s labor market data or next week’s inflation data shows any weakness, $2,300 would be the short term target based on technical levels, but that would be fairly a short lived phenomenon, before prices correct and
Gbpusd buying level read the caption Fed chair Powell will be appearing twice this week, on both Wednesday and Thursday as the head of the US central bank testifies about the Fed’s Semi-Annual Monetary Policy Report to the US government’s House Financial Services Committee. Headlines are expected throughout both days as the Fed chairman answers policymaker
Nzdusd lower more than expected read the caption which is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, if the price were to break to the upside the reversal would be confirmed, and the buyers would pile in more aggressively to extend the rally into the highs. The sellers, on the other hand, will likely lean on the resistance to position for a break below
Gold will hit new all time high read the caption London’s gold price benchmark hit an all-time high of $2150.03 per troy ounce at an afternoon auction on Monday
“This rally in gold was triggered by the softer-than-expected U.S. data and the pullback in real rates... but there has been a general bias to buy dips and a positive underlying investor sentiment towards gold that has also made the market vulnerable to the upside,” UBS strategist Joni Teves said.
The gold price will continue to increase in the near futureThe gold price will continue to increase in the near future
World gold fees accelerated sharply with spot gold growing via way of means of 34.nine USD to 2,115.1 USD/ounce. Gold futures closing traded at 2,124.four USD/ounce, up 28.7 USD as compared to the previous day morning.
World yellow metallic fees reached a 3-month excessive at the start of the week, boosted via way of means of accelerated expectancies that the United States Federal Reserve (Fed) will loosen economic policy.
According to UBS analyst Giovanni Staunovo, weaker-than-anticipated US financial records launched closing week driven US actual hobby charges down and that is the purpose of gold`s rate increase.
Last week, gold fees rose approximately $50 as reviews confirmed tepid production and production spending withinside the US in addition to downward rate pressure.
Market strategist Phillip Streible of Blue Line Futures predicts that gold can without difficulty surpass file highs as he sees upcoming occasions as useful for the valuable metallic. Specifically, this professional believes that during his upcoming testimony earlier than Congress, Fed Chairman Jerome Powell can also additionally seem extra dovish approximately his policy. Besides, a dismal employment document may be the following catalyst for gold to interrupt out.
XAU increased dramatically after the release of US economic dataGold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index.
after the US core PCE report was in line with estimates, along with the manufacturing PMI report and US consumer confidence index were lower than expected, demonstrating weakness in the world's largest economy. gender.
However, the market still needs to be cautious with important US economic data this week, including the services PMI report, Fed Chairman Powell's hearing and the JOLTS jobs report.
Bitcoin still buy zone target 80k read the caption It's up $2834 to $65,445 with a nearly 30% in the past week alone. It's been an incredible run that started in late October at the same time as US equities turned and accelerated as bitcoin spot ETF approval loomed. Not coincidentally, the Nasdaq also hit ran to its November 2021 highs last week and then broke them.
Another day or two like today will have bitcoin at fresh all-time highs as well. The peak level set in 2021 was $68,998 before it crashed down to $15,478 in late 2022 as interest rates rose.
Gold interday possible move read the caption Retail trader data shows 43.76% of traders are net-long with the ratio of traders short to long at 1.29 to 1. Our data shows traders are now at their least net-long Gold since Dec 02 when Gold traded near 2,071.85 The number of traders net-long is 7.46% higher than yesterday and 20.48% lower from last week, while the number of traders net-short is 13.62% higher than yesterday and 50.12% higher from last week
Eurusd possible analysis for confirmation read the caption In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Rise from 1.0446 is seen as the second leg. While further rally could cannot be ruled out, upside should be limited by 1.1272 to bring the third leg of the pattern. Meanwhile, sustained break of 1.0693 support will argue that the third leg has already started for 1.0446 and possibly below
Dollar bearish trend on NFP can rise read the caption The Fed must be holding back the temptation to say, ‘we told you so’ now that market expectations match those released in the Fed’s December summary of economic projections. Three rate cuts in 2024 is the new expectation, down from six and potentially seven at one stage. As such, the dollar has found its footing in the early weeks
Gold will breakout 2150 then next target 2200 read the caption Xauusd aims for a strong weekly gain as investors choose the early rate-cut narrative in the US, shrugging off recent doubts over its timing. In the monetary policy statement, the Federal Reserve (Fed) didn’t explicitly refer to upcoming rate cuts amid the absence of enough evidence that underlying inflation will sustainably return to the 2% target. However, policymakers already