GBPUSD news and developmentsThe manager turns to consider developments in the financial markets in the time between meetings. US data releases generally point to a stronger economic recovery than previously thought, and the market price reaction implies both a higher expected trajectory for policy rates in the near term. longer and long-term insurance premiums are higher. Policy-sensitive rates increased moderately, and longer-maturity rates showed larger increases.
Signalsfree
It is expected that Bitcoin will recover strongly after a periodBitcoin price traded at 27,130.14 USD/BTC, down 1.92% in 24 hours. The liquidity of the cryptocurrency with the largest market capitalization is at 21.47 billion USD, down 14.03% compared to October 10. Bitcoin's capitalization reached 528.96 billion USD, accounting for 49.30% of the total capitalization of the cryptocurrency market.
GBPJPY's easy-to-see trendThe Japanese Yen decreased 0.13% against the greenback, down to 148.68/USD. The Japanese currency rose again after Kyodo reported that the Bank of Japan is considering raising its core consumer inflation forecast this year. However, this currency turned down immediately afterwards.
EURUSD has a downward trendThe U.S. dollar rises as capital flows into the safety of the U.S. currency following Hamas's attack on Israel, analysts say. "The escalation of the tension sent a panic into the financial markets on Monday open," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says in a note. However, it is difficult to predict the extent of the price action on geopolitical shocks, she says. The EUR/USD trades 0.3% lower at 1.0557.
XAUUSD is trending downWorld gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week.
After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new 7-month low of 1810.46 USD, gold is finally showing signs of positive recovery.
Meanwhile, Mr. James Stanley - senior market strategist at Forex.com said that gold will maintain its recent price range but cannot increase in price, and the precious metal may even probe its low level this week. This.
XAUUSD SELL 1850 -1852
✔️TP1: 1844
✔️TP2: 1838
❌SL: 1856
Gold tends to decreaseWorld gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week.
After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new 7-month low of 1810.46 USD, gold is finally showing signs of positive recovery.
Meanwhile, Mr. James Stanley - senior market strategist at Forex.com said that gold will maintain its recent price range but cannot increase in price, and the precious metal may even probe its low level this week. This.
TVC:GOLD SELL 1850 -1852
✔️TP1: 1844
✔️TP2: 1838
❌SL: 1856
EURUSD is trending downSupport for lower EUR/USD remains in early 4Q but becomes less clear in November and December, when seasonality indicates a weak USD and positive risk appetite, SEB Research analysts say in a note. "However, in October, the relative rate spread tends to be supportive of a lower EUR/USD," they say. Current macroeconomic trends also support a stronger USD, with the soft-landing narrative and "higher for longer" monetary policy stance having a strong hold on markets, they say. The euro trades 0.1% lower at $1.0538.
GOLD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
TVC:GOLD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
XAUUSD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
OANDA:XAUUSD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
EURUSD is trending downEuro exchange rate developments on the world market show that the EUR/USD index is currently at 1.0521, an increase of 0.0018 points, equivalent to 0.17% compared to the previous session. After yesterday's sharp decline, today the Euro has decreased. regained recovery momentum. A rebound in oil prices has had a negative impact on the already deteriorating Eurozone economy, and concerns about Italy's fiscal situation mean the downside for the Euro is growing. increases, increasing the possibility of this currency falling closer to the 1 USD/EUR mark. The main reason is because the USD is strong when the US economy is strong. However, there are internal factors, especially the impact of rising oil prices, that put the stagnant Eurozone economy at risk of weakening further.
The common currency is vulnerable to rising oil prices, as net imports account for over 90% of the supply of petroleum products in the European Union. Nomura also forecasts that the Euro will fall to 1.02 USD/euro by the end of the year, a further 3% decrease from the current level.
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset.
TVC:GOLD BUY 1827-1829
✔️TP1: 1833
✔️TP2: 1837
❌SL: 1822
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset.
OANDA:XAUUSD BUY 1827-1829
✔️TP1: 1833
✔️TP2: 1837
❌SL: 1822
EURUSD has an upward trendJulius Baer reduces its forecasts for the euro versus the dollar, now expecting it at $1.04 in three months compared with a previous forecast of $1.10, reflecting recent price movements and as the economyfavors a stronger dollar, economists David Kohl and Stephanie Kennedy say in a note. Given this week's dollar gains, it is increasingly difficult to justify forecasting euro appreciation as the dollar benefits from "a sustained tailwind." As both the Federal Reserve and the European Central Bank have probably completed their cycle of interest-rate increases, movements in the exchange rate will increasingly depend on economic momentum again, they say. Julius Baer forecasts EUR/USD at 1.08 in 12 months' time. EUR/USD falls 0.1% to 1.0458.
XAUUSD likely to increaseWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
OANDA:XAUUSD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
Predict the direction of gold movementWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
TVC:GOLD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
EURUSD has an uptrendEURUSD on Monday fell by -0.79% and matched last Thursday’s 8-3/4 month low. The euro was under pressure Monday after the 10-year T-note yield climbed to a 16-year high, which strengthened the dollar’s interest rate differentials versus the euro.
Monday’s comments from ECB Vice President Guindos supported the euro when he said interest rates at their current levels will help bring down inflation to the ECB's 2% target and that talk of rate cuts by the ECB is premature.
Monday’s Eurozone economic news was bullish for the euro after the Eurozone Aug unemployment rate fell -0.1 to match the record low of 6.4%, right on expectations.
OANDA:EURUSD BUY 1.0459 - 1.0469 🔽🔽
✔️TP: 1.0500
❌SL: 1.0429
XAUUSD has an uptrendWorld gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce
On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce.
Everett Millman, market analyst at Gainesville Coins, said that according to the annual cycle, early October is the time when gold prices start to get hotter. The gold market will soon turn upward in price due to increased buying demand from China and India. The Diwali festival begins in November but many Indians will start accumulating gold from October.
GOLDBUY 1815 - 1817 🔽🔽
✔️TP1: 1822
✔️TP2: 1826
❌SL: 1810
Gold tends to increaseWorld gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce
On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce.
Everett Millman, market analyst at Gainesville Coins, said that according to the annual cycle, early October is the time when gold prices start to get hotter. The gold market will soon turn upward in price due to increased buying demand from China and India. The Diwali festival begins in November but many Indians will start accumulating gold from October.
TVC:GOLD BUY 1815 - 1817 🔽🔽
✔️TP1: 1822
✔️TP2: 1826
❌SL: 1810
VRAR The Glimpse Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price in the money Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
XAUUSD tends to increaseThe decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield
Jeffrey Christian, CEO at CPM Group, said that although gold prices are struggling, it still maintains a higher price floor compared to last year. He noted that gold can build a new foundation at current prices as the US economy continues to grow, but there are also risks of a future recession.
Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
GOLDBUY 1840-1842
✔️TP : 1846
✔️TP : 1850
⚠️SL : 1838
Gold tends to increaseThe decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield
Jeffrey Christian, CEO at CPM Group, said that although gold prices are struggling, it still maintains a higher price floor compared to last year. He noted that gold can build a new foundation at current prices as the US economy continues to grow, but there are also risks of a future recession.
Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
TVC:GOLD BUY 1840-1842
✔️TP : 1846
✔️TP : 1850
⚠️SL : 1838
EURUSD is trending downIn the wider currency market, the euro EURUSD lost 0.07% to $1.0565, after ending the previous quarter with a 3% fall, its worst performance in a year. The Euro fell sharply after breaking the key support level of 1.0580. The currency touched a low of 1.0488 and rebounded from there. Resistance levels for the Euro are at 1.06 and then in the 1.0670-1.0700 zone. If the recent recovery momentum is maintained, the Euro could rebound to the 1.06-1.07 mark. However, the possibility of an increase beyond 1.07 is unlikely. The short-term outlook remains bearish. Therefore, we can expect the Euro to fall to 1.04 next week, or to rise to 1.06-1.07 and then adjust back to 1.04.
OANDA:EURUSD SELL 1.0568 - 1.0578 🔽🔽
✔️ TP: 1.0530
❌ SL: 1.0600