MariaAgustinaPatti_Exness

MariaAgustinaPatti_Exness

Fundamental analysis Gold consolidated above 2,640 dollars per ounce on Tuesday as markets await the Non-Farm Payrolls (NFP) report next Friday and more Federal Reserve officials' speeches, which could provide more clues about the central bank's monetary policy outlook. On Monday, Fed Governor Christopher Waller said he is disposed to support another rate cut in...

MariaAgustinaPatti_Exness

Fundamental analysis USOIL fell below $72 a barrel after the disappointing Chinese stimulus announcements. China unveiled a plan to refinance local government debt and other measures to support a slowing economy that faces new risks from the reelection of Trump. The new administration may be bearish for crude prices on higher domestic production and tariffs that...

MariaAgustinaPatti_Exness

Fundamental analysis Gold lost momentum, trading slightly above $2,730 per ounce on Thursday, after the release of strong personal income and spending data, persistently above-target inflation, and a sharp reduction in jobless claims. This situation provided the Federal Reserve with more leeway to delay further aggressive rate cuts. Meanwhile, the potential for...

MariaAgustinaPatti_Exness

The dollar index rose above 104.40 today, its highest level since July, as markets continued to scale back odds on aggressive Federal Reserve rate cuts. The CME FedWatch tool shows a more than 90% chance that the Fed will opt for a 0.25% rate cut in November. Simultaneously, the upcoming US presidential election adds volatility, increasing upside momentum for the...

MariaAgustinaPatti_Exness

Fundamental analysis Gold continued to rise to a new record today, reaching around $2,748 per ounce, fueled by demand for a safe-haven asset due to increasing geopolitical tensions in the Middle East, the upcoming US presidential election just a few weeks away, and wider macroeconomic uncertainties. Moreover, monetary easing from major central banks (such as...

MariaAgustinaPatti_Exness

Fundamental analysis US natural gas prices consolidated in the short term after forecasts for higher demand and a federal report showing smaller-than-usual storage additions. This comes as producers reduced drilling earlier this year. However, gas stocks are still more than 4.5% above normal levels. Meteorologists expect warmer-than-normal weather through Nov....

MariaAgustinaPatti_Exness

Fundamental analysis Signs of strength in the US economy supported expectations that the Fed will take a more cautious approach to interest rate cuts. Although some US economic indicators showed a slight slowdown, markets pointed to robust jobs and September consumer inflation data. Rising odds of a Trump victory in the November election also increase...

MariaAgustinaPatti_Exness

Fundamental analysis From a fundamental perspective, the dollar-yen continues to move to the upside, trading near the significant 150 resistance level, mostly due to increasing speculations that the US Federal Reserve will be more cautious in cutting interest rates in the future, which strengthened the US dollar. Regarding the Japanese yen, markets reacted to...