aleksandr_shirin

aleksandr_shirin

11.07 EUR German Consumer Price Index (CPI) (MoM) (June). 11.07 USD Short-term forecast of the situation on the energy markets from the EIA. 12.07 NZD Interest rate decision 12.07. 15:30 USD Base index. Consumer Prices (CPI) (MoM) (June) . 12.07 USD Consumer Price Index (CPI) (MoM) (June). 12.07 USD Consumer Price Index (CPI) (YoY) (June). 12.07 CAD Interest Rate...

aleksandr_shirin

The euro-dollar pair is approaching the resistance of 1.10875. The last time it was here 10 weeks ago and fought back and failed to overcome. This time I expect the same scenario.

aleksandr_shirin

Oil is trying to rise, but movements remain limited to the following levels: Resistance - 84.80 Support 74.83

aleksandr_shirin

The Federal Reserve is unveiling its new "FedNow" system - it will allow banks to send domestic payments instantly. Even at midnight Saturday and even on a holiday. Now all payments are processed in old systems and their processing takes several hours or even days. With the new, everything will become much faster. But, as always, there is one "BUT!" - If you...

aleksandr_shirin

1. US inflation data. 2. Keep in mind that the Federal Reserve will raise rates at the end of this month. 3. Reporting season begins in the US. 4. Great attention to data from China. 5. Oil prices may rise.

aleksandr_shirin

I do not really like it, but my confidence that gold will pass the existing resistance and will grow is weakening. So far, these are just unsubstantiated thoughts. But vema probably the reasons and grounds for believing so will be found later.

aleksandr_shirin

The decrease in the number of jobs created in June compared to May data gave a slight hope for inflation easing. Job growth in June was a third less than in May. A slowdown in job growth is not necessarily a bad thing. Perhaps this will lead to the achievement of the inflation target. Source: CNN

aleksandr_shirin

The Fed still believes that inflation will continue to rise. They have already scheduled a rate hike at the end of July. But the release of employment reports in June made the timing of the increase unclear. The Fed is aiming to cut inflation, which is now above its target. Officials are indeed worried that inflation may rise despite favorable labor market...

aleksandr_shirin

This is, of course, a joke title. But there is a strong feeling that today's news will not produce the expected effect and the markets, in particular gold, will continue to drift in the corridor. Everything is fine, of course we can endure ... But what to expect? What could be the decisive impulse and start the expected so-called "rally". To be honest, I don't...

aleksandr_shirin

In the world with semiconductors, there was no particular expanse anyway. And now, against the backdrop of heightened tensions between China and the United States over restrictions imposed by China today on foreign exports of raw materials such as gallium and germanium, chip prices will rise even more. This means it is necessary to buy shares of semiconductor...

aleksandr_shirin

The labor market just won't quit, but this could be another case of "good news is bad news" for the Federal Reserve. The US unemployment rate has been at or below 4% for the past year and a half, and the economy has gained an average of 314,000 jobs each month this year through May. People who need jobs are getting them, and those with jobs are getting paid...

aleksandr_shirin

Brent oil, in my opinion, has bright prospects. For a week in a row (more precisely, after April 30, 2023), the weekly candle has never been able to close below the level of 73.90. This clearly indicates a shift in strength in favor of the bulls. In my opinion, we are going to see a rapid and rapid growth up to $140 per barrel.

aleksandr_shirin

After the publication of the FOMC minutes, gold quotes began to retreat. And I have a hunch that with the US labor data scheduled for today, the XAU will again try to test the support at 1903. A Low update on June 29 is also possible, if so, the resistance levels will be recalculated. I hope this will be the last test of support before the start of growth. Of...

aleksandr_shirin

So sugar. Most recently, the resistance of 23.42 was broken, and now it is being tested in the opposite direction. If the level holds until the end of the week, then we will probably see a continuation of the downward movement. There are two more support levels below the current price: 20.48 and 18.79. At the moment, quotes are near the historical maximum.

aleksandr_shirin

Wheat quotes peaked in March 2022. Since then, the Bears have taken over and to this day we are seeing a downtrend. A few weeks earlier, the support level of 674.25 was broken. Lateral movement in the range of 580-740 is possible in the near future. After breaking the low at 576, the next stop is possible at 416.50 support.

aleksandr_shirin

Gold continues sideways movement without obvious extremes. Support remains the zone 1900-1905. Breakdown of 1936.50 resistance will open the way to new highs. I recommend paying attention to the publication of the FOMC minutes, as well as data on business activity and the labor market in the US.