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Optimistic about Gold, increased then decreased againWorld gold prices increased with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. World yellow metal prices increased slightly at the beginning of the week as investors expected an important inflation report released this weekend that would change the US Federal Reserve's (Fed) view on cutting cuts. interest rates. Recently, the Fed's positive interest rate stance has caused great pressure on the precious metals market. According to UBS analyst Giovanni Staunovo, gold has suffered from more hawkish comments from Fed officials and better-than-expected US economic data. Bullion has lost $100 since the precious metal hit a record high of $2,449.89 an ounce last week. According to the latest Fed meeting minutes, US Central Bank officials indicated that it may take longer than expected to bring inflation down to 2%. According to FXTM market analyst Lukman Otunuga, in the current environment, the gold market will be sensitive to inflation data. Accordingly, if the report shows downward price pressure, it may arouse hopes of cutting interest rates by the Fed and boost gold prices. On the contrary, if PCE is higher than market forecasts, it will deal another blow to expectations of Fed interest rate cuts and cause gold prices to fall even deeper. This expert said that the downward momentum could bring the price to the support level of 2,300 USD/ounce or lower.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Dollar Loses Shine as US Economy Shows Signs of CoolingThe tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first time in six weeks. Signs of a Cooling US Economy Several factors are contributing to the cooling sentiment on the dollar. Recent economic reports have indicated a potential slowdown in the US. Growth may be decelerating after a strong 2023, with factors like inflation and rising interest rates potentially impacting consumer spending and business investment. The Federal Open Market Committee (FOMC) has embarked on a series of interest rate hikes to combat inflation. While these hikes are intended to curb inflation, they can also have a dampening effect on economic activity. Businesses may be hesitant to borrow and invest, and consumers may tighten their belts as borrowing costs rise. CFTC Data Reveals Shift in Investor Positioning The CFTC data provides valuable insights into investor sentiment on the foreign exchange market. The data tracks the net long or short positions held by leveraged funds, which include hedge funds and other large speculators, and asset managers. According to the latest CFTC data, leveraged funds still held some net long positions on the dollar last week. However, this bullishness was outweighed by a significant increase in net short positions held by asset managers. This shift in positioning resulted in a combined net short position of $5.36 billion as of May 21st, compared to a net long position of $2.02 billion just a week earlier. Market Implications of the Dollar's Decline A weaker dollar can have several implications for the global economy. It can make US exports more competitive, as they become cheaper for foreign buyers. Conversely, imports into the US become more expensive. This can potentially lead to higher inflation in the US as the cost of imported goods increases. A weaker dollar can also impact other currencies. If investors lose confidence in the US economy, they may seek refuge in other safe-haven assets, such as the Japanese yen or the Swiss franc. This could lead to a strengthening of these currencies relative to the dollar. The Road Ahead: Volatility and Data Dependence Analysts expect currency positioning to remain volatile in the near term. The direction of the dollar will likely hinge on incoming US economic data. Strong economic data could reignite bullish sentiment on the dollar, while further signs of a slowdown could exacerbate the recent decline. The FOMC's monetary policy decisions will also be closely watched. If the Fed signals a more aggressive pace of rate hikes to combat inflation, the dollar could find support. However, if the Fed slows down the pace of hikes or even starts cutting rates in the future, as some analysts predict, the dollar could weaken further. Conclusion The recent decline in bullish sentiment on the dollar reflects growing concerns about the health of the US economy. The CFTC data highlights a shift in investor positioning, with a net short position emerging for the first time in six weeks. The future direction of the dollar remains uncertain and will depend on the trajectory of the US economy and the Fed's monetary policy decisions.
TVC:DXYShort
by bryandowningqln
CHFJPY → Trade Analysis | SELL SetupCHFJPY is creating symmetrical triangle and is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. Price is approaching the previous high, where the market dropped. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CHFJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
5
Non-farm expectations increased sharply when the FED became hawk“If the PCE record is better than marketplace forecasts, this can be some other assault on FED hobby price reduce expectations, inflicting gold expenses to fall even deeper.” Notably, Kitco News`s ultra-modern weekly gold survey indicates that greater than 3-quarters of enterprise specialists assume that gold expenses will pass sideways or lower this week. 14 Wall Street analysts consulted the Kitco News gold survey. Sentiment towards valuable metals has worsened. Only 3 specialists (21%) expect gold expenses will upward thrust better this week. There are 8 analysts (accounting for 57%) predicting gold expenses will lower. Another 3 majors (seeking out 21% of the total) are identified, trending sideways this week. Meanwhile, 195 votes had been solid in the course of Kitco's on-line visit. Main Street traders have a greater bullish view on valuable metals. ninety four retail traders (or 48%) expect gold expenses will upward thrust this week. Another 50% (equal to 26%) anticipated the rate could be lower. Meanwhile, fifty one people (equal to the ultimate 21%) expect expenses will stay strong this week.
TVC:GOLDLong
by MrTrongVo
This revelation pushed back interest rate cut expectationsGold fee has reached the inexperienced field location now and could watch for a response. If a robust bullish jump response happens on this location then the bullish fashion might be showed to preserve. Meanwhile, a in addition decline underneath this location might be a bearish signal withinside the medium-lengthy term. In the lengthy term, so long as expenses preserve to shape better swing excessive and swing low points, the fashion will remain bullish. World gold prices increased slightly in the context of a downward trend in the USD index. Recorded at 9:20 a.m. on May 27, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,620 points (down 0.02%). While central bank purchases and strong Asian demand have created a bullish trend in gold prices in the term, the US Federal Reserve's (FED) monetary policy work is but tentative. will create a vibrant gold price market. Minutes of the Fed's recent Federal Open Market Committee (FOMC) meeting showed solid results. In particular, the central bank exempts and reduces interest rates when applying the inflation capacity is still high.
OANDA:XAUUSDLong
by MrTrongVo
Trading strategy today, downtrendKitco News' latest gold survey shows more than three-quarters of industry experts believe gold prices have stabilized or will fall next week. Meanwhile, half of retail traders polled still believe the precious metal could move higher in the coming days. ActivTrades senior analyst Ricardo Evangelista said that information in the Fed's meeting minutes has caused traders to push back the expected interest rate cut from September to November. This change has helped push Treasury yields and the USD higher and put pressure on precious metals. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events. Reports released this week include: Consumer confidence report, preliminary report on GDP in the first quarter of the US, weekly unemployment benefit applications, pending home sales, Personal consumption expenditure reports along with personal income reports in the US
TVC:GOLDShort
by FalCol_TradingMaster
Gold is expected to be quiet this week, entry sell todayWorld gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices are stable or will fall in the near term, while half of retail traders still believe the precious metal could move higher in the coming days. Looking at gold's fluctuations last week, senior market analyst Darin Newsom of Barchart.com said that gold is likely to decline this week. Sharing the same view, Bannockburn Global Forex CEO Marc Chandler also sees further downside risks for gold in the near future. According to Chandler, the reason gold set a record high early last week at 2,450 USD/ounce was because the market reacted to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce. Besides, the decrease in demand for gold from Chinese investors is also a disadvantage for this precious metal. Chandler forecasts that gold's initial resistance this week is at $2,375/ounce. Support is in the range of $2,275 to $2,300 per ounce. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events.
OANDA:XAUUSDShort
by FalCol_TradingMaster
EURUSD price analysis week 22📌After the surprise data on US services PMI skyrocketed, there was concern that the FED would cut interest rates less than expected. This caused investors to rush into the USD and pushed the Euro down despite the EUR PMI data. better than previously announced expectations. 📌EUR/USD recovers to 1.0850 as risk mood improvesEUR/USD gains traction and rises to 1.0850 on Friday. The improvement seen in the risk mood made it difficult for the US Dollar (USD) to maintain its strength and helped the pair erase some of its weekly losses. 📌EURUSD does not break the EMA 89 and continues to maintain its long-term uptrend. After bouncing up to 1.0850 EUR, it created a new, more stable and solid trendline. This 1.0850 area is currently a resistance area saved by the trendline and the old peak in the h4 time frame, so there is a high possibility that the pair will have a slight recovery. The highest increase that the pair can achieve next week is around the price range of 1.0930 after breaking the peak around 1.0890. On the opposite side, if the rising trendline is broken, the next support level is around 1.0770, at which point a short-term downtrend will begin to form if this support is broken. 🕯Trading signals BUY EURUSD zone 1.07700-1.07500 SL 1.07200 SELL EURUSD zone 1.09300-1.09500 SL 1.09800
by TVS-Trader
After the news, PMI continued to decrease and increase slightlyWorld gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session, as investors become increasingly concerned about the timing of interest rate cuts. of America and the strength of American business. According to the latest report, US business activity in May accelerated to the highest level in more than 2 years, showing that economic growth recovered in the second quarter. After the report, the USD recovered strongly, offsetting intraday losses. This has reduced the attractiveness of precious metals to buyers holding other currencies. TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will be relatively shallow. According to him, gold is adjusting to the view that the US Federal Reserve (Fed) will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation occurs. "persistent" development.
OANDA:XAUUSDLong
by FalCol_TradingMaster
USDJPY can go UP by Symmetrical Triangle➡️RR=3.68🏃‍♂️ USDJPY is moving in an Ascending Channel (in the Daily time frame ). 📈Regarding Classical Technical Analysis , USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern . 🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern . 👑 Position : USDJPY Position: Long Entry Point: 156.340 JPY (Stop Limit Order) Stop Loss: 155.620 JPY Take Profits: 158.987 JPY// 157.871JPY(RR=2.13) Risk-To-Reward: 3.68 Please don't forget to follow capital management ⚠️ Please pay attention to the style of opening the position.⚠️ U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
Today's trading trends, buy gold strategyAt the beginning of the trading session on May 23 (US time), world gold prices were under strong selling pressure due to tough sentiment in the minutes of the May monetary policy meeting just announced. The minutes show that US Federal Reserve (Fed) officials are increasingly concerned about inflation. The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. Experts from the World Gold Council predict that despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Wall Street analysts said that it will take the market longer than expected for the Fed to determine for sure whether inflation has really decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Today's trading strategy, Gold trendGold prices fluctuated sharply when some US Federal Reserve (FED) policymakers recommended that the organization wait a few more months to ensure inflation really cools down, before starting to cut. interest rate. Reacting to this information, the USD increased in price compared to the Euro and many other currencies. Gold price today is in a disadvantageous position. Under pressure from the USD, speculators may worry that holding gold will reduce profitability. So in last night's trading session, when gold was trading in the region of 2,400 USD/ounce, they massively sold out.
TVC:GOLDLong
by FalCol_TradingMaster
Gold breaks current price channel, strategy to buy GoldWorld gold prices continued to decline sharply with spot gold down 42.7 USD to 2,378 USD/ounce. Gold futures last traded at 2,382.1 USD/ounce, down 43.7 USD compared to yesterday morning. The world precious metals market continues to be pressured by the policy stance of the US Federal Reserve (Fed) after the meeting minutes ended earlier this month. According to the minutes, although US monetary policy has become a secondary factor in the gold market, persistent inflation could create some selling pressure as it could force the Fed to raise interest rates again. . This view goes completely against the recent statements of members of the US Monetary Policy Committee when they said that although they are not ready to cut interest rates because inflation is still high, they will not raise interest rates. capacity. According to experts, the minutes reflect growing disappointment that consumer prices have not returned to the 2% target as firmly as expected. Recently, gold has been greatly affected by the Fed's "hawkish" policy stance. Despite fluctuations, gold is still considered an effective investment asset thanks to its role in preventing inflation and diversifying investment portfolios. Experts believe that the roles driving the recent increase are still being maintained and are unlikely to change in the future.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold has not cooled down yet, enter to buy todayAfter reaching 2,450 USD/ounce in the previous trading session, today's gold price on the international market has cooled down but not significantly. At 6 a.m. on May 22, the world gold price was trading at 2,422 USD/ounce, down 6 USD compared to the price at the same time the previous day which was 2,428 USD/ounce. Analysts say international gold prices cool down as investors sell to take profits. On the other hand, some officials of the US Federal Reserve (FED) continue to announce that interest rates will remain high for a long time. Since then, the USD has increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position. Another development is that US stocks increased quite strongly. This has prompted many people to take interest in the stock. Accordingly, money flowing into precious metals is dominated. Today's world gold price inevitably cools down.
TVC:GOLDLong
by FalCol_TradingMaster
Trading strategy today, still in the bullish channelWorld gold prices decreased with spot gold down 5.2 USD to 2,420.7 USD/ounce. Gold futures last traded at 2,425.2 USD/ounce, down 4.9 USD compared to yesterday morning. On May 21 (US time), gold was under profit-taking pressure after this precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level of 2,400 USD/ounce. Recently, a number of US Federal Reserve (Fed) officials have repeatedly expressed the opinion that they will not rush to start the easing cycle that many people expect. However, gold is receiving the information very positively and does not react much to this view that is considered less moderate. In opening remarks at an online event hosted by the Peterson Institute, Fed Governor Christopher Wall said that the US Central Bank's restrictive monetary policy is cooling the economy and inflation, but still there is still much work to be done. He emphasized that all data must be considered before deciding whether to loosen monetary policy or not. Atlanta Fed President Raphael Bostic also made a similar point of view and emphasized the need to wait to make sure inflation returns to the 2% target mark before pivoting policy.
OANDA:XAUUSDLong
by FalCol_TradingMaster