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Gold continues to increase in today's trading session Gold rebounded after ultimate night`s information and persisted to boom on this morning's buying and selling session Gold weakened after US manufacturer charge information for April become released. (PPI) in April of americaA elevated in comparison to the preceding period The Fed will retain to keep restrictive economic coverage till inflation declines Fed Chairman Jerome Powell now no longer signaling a charge hike is likewise high quality for XAU and will assist the treasured metallic benefit further. Whether americaA CPI will increase better or decrease than expected, it's far a useful state of affairs for gold. Accordingly, if americaA CPI will increase rapidly, gold will sell its position as an inflation prevention tool. On the contrary, if CPI falls, expectancies of hobby charge cuts will boom, setting stress at the USD and reaping rewards gold.
TVC:GOLDLong
by TrategySherpa
XAU decreased slightly in today's trading sessionThe recovery of the global stock market is also considered a factor causing gold prices to "slip" in the last trading session of the week. Global stock markets were mostly higher with US stock indexes pointing towards a higher open as the day's trading session in New York began. The gold market in China is also strongly affected by the resurgence of the COVID-19 pandemic. A recent report shows that gold holdings in China's exchange-traded funds (ETFs) only totaled 3.5 billion USD at the end of April 2022. According to analysts, the gold market is in a "danger zone" as the price moves closer to 1,800 USD/ounce. This is solid support, but a break below could lead to more selling. Edward Moya, senior analyst at OANDA Financial Services Company (USA), initially said that gold showed signs of stability, but investors were still worried about inflation data. Besides, the strengthening USD is affecting gold prices.
FOREXCOM:XAUUSDLong
by NicoTradingMaster
DXY : The USD will continue to weakenOn the morning of May 15, the State Bank (SBV) announced the central exchange rate USD/VND at 24,269 VND, an increase of 3 VND. The exchange rate range allowed for transactions at Commercial Banks ranges from 23,400 - 25,450 VND. The USD/VND exchange rate was also brought to the trading range of 23,400 - 25,450 VND by the SBV Exchange. This morning's exchange rate increased slightly at commercial banks. Specifically, Vietcombank has a buying level of 25,152 and a selling level of 25,482, an increase of 3 dong in both buying and selling directions compared to yesterday. Meanwhile, the exchange rate on the free market increased more strongly. In Hanoi at 05:15, the exchange rate fluctuated around 25,768 - 25,848 VND, an increase of 10 VND on the buying side and an increase of 20 VND on the selling side compared to yesterday. The DXY index yesterday almost lost the 105.00 mark after the PPI data was released. Currency pairs also fluctuated accordingly, even the USD/VND exchange rate in the forex market also decreased sharply. However, somehow miraculously, the listed exchange rate still increased slightly.
TVC:DXYShort
by SantaTradeGold
XAUUSD : Gold is pushing towards record territoryGold prices steady amid mixed US PPI data, investors ready for tonight's CPI data Gold's rally continues after falling on Monday at $2,357, but has yet to surpass the recent high of $2,378, recorded on May 10. This could cause the XAU/ USD moves sideways within a certain price range. According to the RSI indicator, the current trend is beneficial for investors holding gold. Therefore, the first level of resistance for XAU/USD will be the high of May 10, which is $2,378. If surpassed, the next level will be $2,400, followed immediately by the April 19 high of $2,417 and the historical peak of $2,431. Conversely, if bears prevail and push the price below $2,359, it could lead to a decline to the May 9 low of $2,306, then to $2,300. Once crossed, the next stop will be the 50-day SMA at $2,249.
OANDA:XAUUSDLong
by SantaTradeGold
XAU is awaiting important inflation dataMany professionals accept as true with that withinside the close to future, the Fed is prepared to decrease hobby prices. Recent disasters in peace negotiations withinside the Gaza Strip are nonetheless helping gold charges. Many crucial facts can be posted this week, along with April PPI and CPI of the US. These can be facts factors that traders want to pay unique interest to due to the fact they'll have a main effect at the Fed`s hobby charge choice and the related effect on gold charges Gold charges stay above 2,three hundred as markets anticipate crucial US inflation facts This week consists of the manufacturer fee index (PPI) and patron fee index (CPI). PPI is forecast to boom 0.3% month-over-month, as compared to a 0.2% boom withinside the March record. CPI is forecast to boom 0.4%, as compared to the March record which confirmed a 0.0% boom. 4%. The annual CPI in April is predicted to boom 3.6% as compared to the 3.8% boom withinside the March record. Consumer fee index. Hotter-than-predicted inflation should boom the probability that the Fed will hold hobby prices excessive for longer..
OANDA:XAUUSD
by TrategySherpa
XAU is waiting for data from today's newsTraders and investors are awaiting key US inflation data for April released this week including the producer price index (PPI) and consumer price index (CPI). PPI is forecast to increase 0.3% month-over-month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, compared to the March report which showed a 0.0% increase. 4%. The annual CPI in April is expected to increase 3.6% compared to the 3.8% increase in the March report. Tim Hayes, chief global investment strategist at Ned Davis Research, says he expects gold prices to eventually surpass last month's record high above $2,448 an ounce, but a breakout may not happen. until the US Federal Reserve (Fed) actually cuts interest rates. Gold could be especially vulnerable this week as the market focuses on the Consumer Price Index report, Mr. Hayes said. Hotter-than-expected inflation could increase the likelihood that the Fed will keep interest rates high for longer. Although inflation remains high, an increasingly sluggish US labor market and weaker economic activity will prevent the Federal Reserve from raising interest rates.
TVC:GOLD
by TrategySherpa
GBPUSD: Sell this 2nd 1D MA50 test.GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Gold prices increased this morningCadastral tensions have boosted gold prices This weekend, americaA Consumer Price Index (CPI), Producer Price Index (PPI) and Retail Sales may be launched and might supply a few guidelines approximately the financial outlook and inflation trajectory. broadcast. Senior FED officers have given statistics that slicing hobby quotes in 2024 is appropriate, bringing up inflation nevertheless growing withinside the first few months of the year. Cutting hobby quotes in 2024 is appropriate, for the reason that inflation remained multiplied withinside the first few months of the year. On the alternative hand, the Israeli military introduced that it carried out army operations in northern Gaza in a single day and "precision operations" centered the east, close to the Rafah border, in addition to withinside the Zeitoun neighborhood, the middle Gaza Ongoing geopolitical tensions withinside the Middle East have contributed to the boom withinside the rate of gold, a conventional safe-haven asset.
TVC:GOLDLong
by TrategySherpa
DXY : USD is forecast to weaken at the end of the yearFor USD, the weekend before May 10, the SBV announced the central exchange rate of 24,271 VND, an increase of 6 VND compared to the previously listed rate, the reference exchange rate at the SBV Exchange was at 23,400 - 25,450 VND. . Buying prices at commercial banks currently fluctuate between 25,120 - 25,225 VND while selling prices reach 25,484 VND. On the black market, the buying and selling price of USD is at 25,670 - 25,750 VND. Despite trading in a week lacking directional data, the DXY index remained quite volatile and overall had a bullish week of trading. The index is currently still trading above the key support level of 105.00 at the time of writing. This week, the market will be quite busy when the US economic calendar thickens with PPI, CPI and Retail Sales,... announced. Most important will be the CPI, which has a significant influence on market expectations of the Fed cutting interest rates.
TVC:DXYShort
by SantaTradeGold
XAUUSD : Gold is still expected to increase in the near futureWorld gold price (XAU/USD) increased nearly 1.5% at one point last weekend, reaching a high of $2,378 before closing at $2,360. This is the second consecutive rising session since the previous sideway period. This precious metal broke out strongly in the context of geopolitical tensions showing signs of escalating in Gaza when peace negotiations between Hamas and Israel in Cairo failed. Gold demand is also driven by concerns about the US labor market. Recent economic data has shown signs of weakness, fueling speculation that the Fed may lower interest rates sooner than expected, thereby stimulating demand for gold. Besides, globally, the general trend of central banks is shifting to reducing interest rates or at least, they are showing that they are ready to lower interest rates. The interest rate environment shows signs of peaking and starting to gradually decrease, which also creates a push for gold prices. Centrally, the Fed's monetary policy is always adaptive to the situation and based on the latest data. Therefore, the timing of interest rate cuts may change depending on inflation developments, if inflation decreases or increases faster than expected. This week's CPI report will be in focus as this data point could have a significant impact on gold prices. Mr. Jim Wyckoff, Senior Market Analyst at Kitco News, commented: "If this week's inflation data is high or even moderate, the likelihood of the Fed cutting interest rates as early as September will decrease. go significantly."
OANDA:XAUUSDLong
by SantaTradeGold
Gold is likely to continue to increase strongly todayGold price (XAU/USD) began to increase in price in the US session on May 9, rising to nearly 2,350 USD, after a number of major central banks decided to cut interest rates or signaled the possibility of strong cuts. more in the future. In addition, geopolitical risks along with increased demand from Asian central banks and investors also create momentum for gold. This morning, May 10, world gold continued to increase slightly, currently trading above 2,350 USD. Perhaps this unexpected increase is part of the reason why the domestic gold price reached a new historic peak. The SPDR Gold Shares fund has had no new structural activity for 2 consecutive days, holdings remained unchanged at 830.47 tons.
TVC:GOLDLong
by SantaTradeGold
XAUUSD : Gold is turning around and increasing stronglyThe number of applications for unemployment benefits increased, but will the Fed "turn around" to reduce interest rates? Gold prices regained momentum on Thursday and rose more than 1% as US government bond yields fell, reducing the appeal of the USD. Weaker U.S. labor market data raises the possibility of the Fed cutting interest rates despite dealing with inflationary pressures. Gold prices traded above $2,330 after bouncing from the day's low at $2,306. On Thursday, the U.S. Bureau of Labor Statistics (BLS) said the number of Americans filing for unemployment benefits rose more than estimated and an earlier report suggested the economy was weakening. This could influence the Fed in future monetary policy decisions after admitting that it is focused on dual goals - ensuring employment and inflation. Meanwhile, a slew of Fed officials appeared in the news this week. San Francisco Fed President Mary Daly said getting inflation down to the Fed's target will be a difficult road. She added that the past three months' data left policymakers uncertain about future inflation. On Monday, Richmond Fed President Thomas Barkin commented that recent data were not very encouraging, and emphasized that inflation control was not yet complete. Elsewhere, New York Fed President John Williams noted that consumers are still spending, showing that the economy maintains strength despite slowing growth. On Tuesday, Neel Kashkari, President of the Minneapolis Fed, predicted that the most likely scenario would be to keep interest rates unchanged in 2024, and said progress in curbing inflation had stalled. Yesterday, Boston Fed President Susan Collins also spoke up. She expressed optimism about being able to bring inflation down to the target level of 2%, and emphasized that the current monetary policy is well-oriented and moderately tightened.
OANDA:XAUUSDLong
by SantaTradeGold
Gold is predicted to continue to increase in the near futureThe dxy index dropped pretty sharply yesterday, main to an boom in gold Inflation stays stubbornly excessive and the Fed has currently taken a "hawkish" stance, however Thursday`s strain regarded to be robust because of a stronger-than-predicted Initial Jobless Claims report. This boom ends in worries approximately the opportunity of a weakening US hard work marketplace and the marketplace will increase expectancies that the Fed will need to reduce hobby costs earlier than they say. While Fed officers stay careful approximately reducing hobby costs, the marketplace forecasts a 10% threat of a charge reduce in June, 33% in July, 85% in September and 100% fact in November. . Geopolitical dangers at the side of elevated call for from Asian valuable banks and traders additionally create a lift for gold. This morning, May 10, global gold endured to boom slightly, presently buying and selling above 2,350 USD. Perhaps this surprising boom is a part of the purpose why the home gold fee reached a brand new anciental peak.
TVC:GOLD
by NicoTradingMaster
Gold continues to rise as the Fed keeps interest rates unchangedGeopolitical tensions withinside the global have now no longer ended and principal banks of nations are continuously shopping for gold for reserves Currently, gold costs are growing specially because of geopolitical tensions High US hobby charges over an extended time frame aren't an amazing signal for gold, pushing up the possibility price of making an investment withinside the yellow metal. Recent statements from US Federal Reserve (Fed) officers display that it's far probable that americaA Central Bank will now no longer lessen hobby charges this year.
TVC:GOLDLong
by TrategySherpa
It is predicted that XAU will continue to increase in the near fSpot world gold stands around 2,309.5 World gold prices decreased rapidly in the context of the USD rebounding in the midst of an unstable world The USD has continued to increase in price compared to most other currencies since the beginning of the year, thereby making investors worried. Since the beginning of the year until now, the USD has increased about 4% compared to a basket of 6 major currencies. A still strong USD is putting downward pressure on gold prices, even though demand for precious metals is increasing strongly around the world, especially in Asia. Many recent forecasts say that gold will be under downward pressure this summer, possibly in May-June because the Fed will still delay reversing monetary policy, thereby causing the USD to stand at a high level. However, gradually towards the end of the year, gold will increase again and may reach a new peak. The Fed is currently very worried that inflation may rise again and that if it cuts interest rates early, it may not be able to control commodity prices. Some countries such as Indonesia were recently forced to raise interest rates, despite the economy's declining growth. But the US is different, the USD is very strong so the Fed will just wait for the right time to reduce interest rates, maybe around next September.
OANDA:XAUUSDLong
by NicoTradingMaster