Welcome to a new week. This week, aside from the United States, which remains a key focus for global investors, we should also watch other major economies—namely Germany, China, the United Kingdom, and the broader Eurozone region. These economies are interconnected, and shifts in their performance can have far-reaching implications for global markets.
In this...
“Things to keep an eye on amidst the uncertainty in the gold market”
Last Monday, on August 19, 2024, the price of gold experienced a significant drop, falling from its peak of around $2,510 per ounce to approximately $2,485 per ounce. This decrease was due to some investors closing their positions in order to lock in profits, given the uncertainty in the gold...
"The decline recently tested the AUDUSD trendline. Is there a chance for a rise?"
An overview of the Australian dollar's performance
The Australian dollar (AUD) has consistently traded below $0.65 and is currently nearing a three-month low. Numerous things, such as the status of the global economy and anticipations for domestic monetary policy, could be to...
“Continued Demand for Safe-Haven Assets”
Gold made a historic leap on Friday, reaching an unprecedented high of around $ 2,477 per ounce. This monumental increase was a direct response to a disappointing U.S. jobs report, which heightened the probability of the Federal Reserve implementing more supportive economic policies.
In a surprising turn of events, the...
July Jobs Report: Analyzing the Numbers and Expectations
In July, the U.S. labor market displayed signs of moderation, influenced by a gradual economic slowdown and the impact of Hurricane Beryl. The upcoming nonfarm payrolls report from the Labor Department is of great importance, as it is expected to unveil a modest decline in job growth, with forecasts...
Hypothesis Formulation
Hypothesis 1: If US Non-Farm Payroll data shows a decline in job growth and an increase in the unemployment rate, then gold prices will rise due to increased safe-haven demand.
Hypothesis 2: If the Federal Reserve cuts interest rates in response to weaker economic data, gold prices will increase due to lower opportunity costs of holding...
"Could there be a potential pullback in the price of gold?"
An important report that could significantly impact the Gold market will be released today. There are ADP Non-Farm Employment Change and Employment Cost Index q/q.
These two reports show the potential of the US labor market, which may affect the Federal Reserve's decision on interest rates, which will...
“In the short term, what impact could we expect on Gold's price following the increase in the US advanced GDP?”
Yesterday (Thursday, 25 July 2024), there was a release of the US economic data, which is the Advance GDP for the Second Quarter of 2024. That was an increase of 1.4% from the previous quarter.
Source from: U.S. Bureau of Economic Analysis
Although...
