MARKET FORECAST AHEAD OF THE WEEK: OANDA:XAUUSD - US Treasury yields have fallen in the past few days, putting pressure on the US dollar - Meanwhile, gold prices breached key technical levels on the way higher - Several high-impact events are expected in the coming days, with a shorter trading week in the US due to the Thanksgiving holiday. US Treasury...
US DOLLAR FORECAST – OANDA:EURUSD , OANDA:GBPUSD , OANDA:AUDUSD - The U.S. dollar could head lower in the near term - The pullback in U.S. Treasury yields will act as a headwind for the greenback - This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play The US dollar, as...
OANDA:XAUUSD PRICES OUTLOOK - Gold prices rally and break above technical resistance in the $1,975/$1,980 area - Bullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic data - This article examines key XAUUSD’s levels worth watching in the coming trading sessions Gold prices rose over 1.0% on Thursday due to a...
OANDA:XAUUSD PRICE, ANALYSIS, AND CHARTS - UK CPI came in at a two-year low for October - The Core measure also ticked lower - Gold prices are closing back in on $2000 Gold prices rose in Wednesday's European session as the UK joined developed economies experiencing a decrease in inflation. Official data showed a two-year low of 4.6% in annual headline...
US DOLLAR, PRICE FORECAST OANDA:XAUUSD - The US dollar fell as yields fell following lower-than-expected US inflation data - Gold prices hit key technical levels in both cases US Treasury yields fell sharply on Tuesday after weaker-than-expected US consumer price index data reduced the likelihood of further tightening by the central bank and weakened its...
OANDA:XAUUSD , NASDAQ 100 FORECAST - Gold prices and Nasdaq 100 will be very sensitive to the upcoming US inflation report - The US Bureau of Labor Statistics will release October consumer price index data on Tuesday - Headline CPI is forecast to increase 0.1% month-on-month and 3.3% year-on-year. Meanwhile, the core index is expected to come in at 0.3% monthly...
OANDA:XAUUSD had a tough week and ended at a new three-week low as investors moved away from safe-haven assets and into more risk-on markets. Higher bond yields also pressured the precious metal which is currently testing a series of technical levels. The US dollar had a confusing week as US Treasury yields fell, then spiked and ended the week near their...
US DOLLAR FORECAST – OANDA:XAUUSD - The U.S. dollar, as measured by the DXY index, rallies on soaring U.S. bond yields - Powell’s hawkish comments reinforce the greenback’s advance - This article examines Gold prices from a technical standpoint, analyzing key levels to watch in the coming days The US dollar started off the day quietly but gained momentum...
OANDA:XAUUSD PRICE FORECAST: - Gold Continues its Move Lower as the $1950 Area Comes into Focus. - DXY Could Resume its Move Lower as Key Resistance Level Holds Firm. Gold prices are down due to hawkish comments from Fed policymakers, dampening hopes that the Fed is finished. Market participants were hoping for a different tone from Fed Chair Powell at the...
OANDA:XAUUSD OUTLOOK: - Gold and silver prices have retreated in recent weeks, but their outlook remains constructive - If bond yields continue to push lower, precious metals could shine heading into 2024 - This article explores XAUUSD key levels to watch this week Gold prices have fallen in the past few weeks due to the easing of geopolitical tensions in the...
PRICE FORECAST OANDA:XAUUSD : - Gold consolidates above key support as yields rise and psychological limit gains improve. - DXY is trying to recover from Friday's sell-off. Gold prices are consolidating after another attempt at $2000/oz on Friday. Despite the weaker US dollar, we are seeing a slight recovery in US bond yields and an improvement in risk...
ANALYSIS & OUTLOOK OANDA:XAUUSD - Weaker US labor data and safe-haven demand boosted gold prices. - All eyes are on Fed Chairman Jerome Powell and Michigan consumer sentiment. - XAUUSD may experience some downsides. OANDA:XAUUSD BASIC CONTEXT Gold prices rose on the back of a weaker-than-expected Nonfarm Payrolls report, which showed higher unemployment...