🔴Economic Calendar - January 4, 2024
⭐️⭐️⭐️ German Consumer Price Index (CPI) (Month-over-Month) (Dec) 🇩🇪
This data measures changes in the prices of goods and services from the perspective of German consumers. Given the trend observed in 2023, it is expected that the data will be lower than the previous figure, potentially having a negative impact on the Euro (EUR).
⭐️⭐️⭐️ ADP Nonfarm Employment Change (Dec) 🇺🇸
This data assesses the estimated change in the number of employed people in the past month, excluding the agricultural and government sectors. It is anticipated that the data for the new year will be higher than the previous figure, which could have a positive impact on the US Dollar (USD).
⭐️⭐️⭐️ Initial Jobless Claims 🇺🇸
This data measures the number of individuals who filed for unemployment insurance for the first time in the past week. A lower-than-expected figure is anticipated, which could have a positive impact on the US Dollar (USD).
⭐️⭐️⭐️ German Consumer Price Index (CPI) (Month-over-Month) (Dec) 🇩🇪
This data measures changes in the prices of goods and services from the perspective of German consumers. Given the trend observed in 2023, it is expected that the data will be lower than the previous figure, potentially having a negative impact on the Euro (EUR).
⭐️⭐️⭐️ ADP Nonfarm Employment Change (Dec) 🇺🇸
This data assesses the estimated change in the number of employed people in the past month, excluding the agricultural and government sectors. It is anticipated that the data for the new year will be higher than the previous figure, which could have a positive impact on the US Dollar (USD).
⭐️⭐️⭐️ Initial Jobless Claims 🇺🇸
This data measures the number of individuals who filed for unemployment insurance for the first time in the past week. A lower-than-expected figure is anticipated, which could have a positive impact on the US Dollar (USD).
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❇️ Is the Gold Trend Upward?
🔹 Gold faced fluctuations last week, but amid improved US dollar and slightly higher bond yields, gold returned to its lowest level on Friday.
🔸 However, the long-term outlook is bullish as central banks plan to lower interest rates in 2024 due to global inflation, supporting the value of gold.
🔹 Contradictory signals from job data and the ISM services PMI report released on Friday have created some ambiguity in the markets.
🔸 This week's calendar is somewhat weak until the release of US CPI data on Thursday.
🔹 Nevertheless, with the Federal Reserve lowering interest rates this year, and other central banks likely to follow suit, inflationary pressures globally are likely to ease, initiating a cycle of interest rate reduction.
🔸 With a deeper progression in 2024, global inflationary pressures are expected to decrease, initiating a cycle of interest rate reduction.
#GOLD #CPI
🔹 Gold faced fluctuations last week, but amid improved US dollar and slightly higher bond yields, gold returned to its lowest level on Friday.
🔸 However, the long-term outlook is bullish as central banks plan to lower interest rates in 2024 due to global inflation, supporting the value of gold.
🔹 Contradictory signals from job data and the ISM services PMI report released on Friday have created some ambiguity in the markets.
🔸 This week's calendar is somewhat weak until the release of US CPI data on Thursday.
🔹 Nevertheless, with the Federal Reserve lowering interest rates this year, and other central banks likely to follow suit, inflationary pressures globally are likely to ease, initiating a cycle of interest rate reduction.
🔸 With a deeper progression in 2024, global inflationary pressures are expected to decrease, initiating a cycle of interest rate reduction.
#GOLD #CPI
🔘 Key Technical Points for Gold - January 9, 2024!
🔸 2054
🔸 2044
▪️ 2033
🔹 2030
🔹 2013
🔹 2000
✍🏻 Gold found good support from the 2020 range. Currently, the most important figure today is 2030. Staying above this range will guide gold back towards support levels. Liquidity is currently awaiting confirmation from calendar data for entry into gold.
(🔸Resistance 🔹Support▪️Current Price)
#GOLD
🔸 2054
🔸 2044
▪️ 2033
🔹 2030
🔹 2013
🔹 2000
✍🏻 Gold found good support from the 2020 range. Currently, the most important figure today is 2030. Staying above this range will guide gold back towards support levels. Liquidity is currently awaiting confirmation from calendar data for entry into gold.
(🔸Resistance 🔹Support▪️Current Price)
#GOLD
🔴 Important News on Tuesday in the Forex Market:
Economic Calendar - January 9, 2024
⭐️⭐️ Tokyo Core Consumer Price Index (YoY) (Dec) 🇯🇵
In this data, the change in prices of goods and services purchased by consumers in Tokyo, excluding fresh food, is measured. It is expected that this figure will be lower than previous numbers, potentially weakening the Japanese yen.
⭐️⭐️ Eurozone Unemployment Rate (Nov) 🇪🇺
The unemployment rate is expected to remain similar to previous figures, with little impact on the euro.
📌 Additionally, other data will be released that may have short-term effects on the market, including the trade balance and imports and exports of the United States and Canada.
Economic Calendar - January 9, 2024
⭐️⭐️ Tokyo Core Consumer Price Index (YoY) (Dec) 🇯🇵
In this data, the change in prices of goods and services purchased by consumers in Tokyo, excluding fresh food, is measured. It is expected that this figure will be lower than previous numbers, potentially weakening the Japanese yen.
⭐️⭐️ Eurozone Unemployment Rate (Nov) 🇪🇺
The unemployment rate is expected to remain similar to previous figures, with little impact on the euro.
📌 Additionally, other data will be released that may have short-term effects on the market, including the trade balance and imports and exports of the United States and Canada.
🔘 Cash Absorption Chart
🔹 Potential Cash Absorption (Major Currencies, Gold, and Oil) - January 9, 2024
🔹 The larger the number on the chart, the greater the capacity of the respective currency (considering all fundamental and sentiment factors) to absorb cash and grow for the day (and vice versa).
🔹 Given that price changes in the market often move towards price equilibrium based on events that occur, one crucial aspect of this chart is comparing its daily changes with its previous days.
🔸 A chart number above 25 indicates potential absorption and upward growth.
🔸 A chart number in the range of (25-10) indicates weak potential absorption and upward growth, and conversely for negative ranges.
✍🏻 The market is in a dilemma with the economic data of the United States. In this situation, the situation of gold can be followed very cautiously. The yield rate of bonds is crucial and strongly influences the movements of gold and the dollar.
🔹 Potential Cash Absorption (Major Currencies, Gold, and Oil) - January 9, 2024
🔹 The larger the number on the chart, the greater the capacity of the respective currency (considering all fundamental and sentiment factors) to absorb cash and grow for the day (and vice versa).
🔹 Given that price changes in the market often move towards price equilibrium based on events that occur, one crucial aspect of this chart is comparing its daily changes with its previous days.
🔸 A chart number above 25 indicates potential absorption and upward growth.
🔸 A chart number in the range of (25-10) indicates weak potential absorption and upward growth, and conversely for negative ranges.
✍🏻 The market is in a dilemma with the economic data of the United States. In this situation, the situation of gold can be followed very cautiously. The yield rate of bonds is crucial and strongly influences the movements of gold and the dollar.
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Economic Calendar 11th January 2024
⭐️⭐️⭐️ Core Consumer Price Index Core CPI (MoM) (Dec) 🇺🇸
This report monitors the changes in the prices of goods and services without considering food and energy. According to recent figures, the probability of publishing the same figures as the previous ones (0.3) is higher than other options.
⭐️⭐️⭐️ Consumer Price Index CPI (MoM) (Dec) 🇺🇸
This report provides the changes in the prices of goods and services from the consumer’s perspective. According to recent data, there is a possibility of publishing higher figures than the previous statistics and having a positive impact on the US dollar.
⭐️⭐️⭐️ Initial Jobless Claims in the US Initial Jobless Claims 🇺🇸
For this report, it is predicted that the numbers will be higher than the previous report, which may lead to the weakness of the US dollar.
⭐️⭐️⭐️ Core Consumer Price Index Core CPI (MoM) (Dec) 🇺🇸
This report monitors the changes in the prices of goods and services without considering food and energy. According to recent figures, the probability of publishing the same figures as the previous ones (0.3) is higher than other options.
⭐️⭐️⭐️ Consumer Price Index CPI (MoM) (Dec) 🇺🇸
This report provides the changes in the prices of goods and services from the consumer’s perspective. According to recent data, there is a possibility of publishing higher figures than the previous statistics and having a positive impact on the US dollar.
⭐️⭐️⭐️ Initial Jobless Claims in the US Initial Jobless Claims 🇺🇸
For this report, it is predicted that the numbers will be higher than the previous report, which may lead to the weakness of the US dollar.
📊 Liquidity Absorption Chart
🔹 Liquidity Absorption Potential (Major Currencies, Gold, and Oil) - January 15, 2024
🔹 The larger the number on the chart, the more indicative it is of the potential for the respective currency (considering all fundamental and prevailing sentiment factors) to attract liquidity and grow for the day (and vice versa).
🔹 Given that price changes in the market often move towards price equilibrium based on unfolding events, it's crucial to compare the daily changes on the chart with the preceding days.
🔸 A number on the chart exceeding 25 indicates the potential for upward liquidity absorption and growth.
🔸 A number within the range (25-10) suggests weak upward liquidity absorption and growth, and similarly for negative ranges.
✍🏻 Pay closer attention to changes in the liquidity absorption chart compared to previous days. These changes are what drive movements in the market.
#Liquidity #MarketAnalysis
🔹 Liquidity Absorption Potential (Major Currencies, Gold, and Oil) - January 15, 2024
🔹 The larger the number on the chart, the more indicative it is of the potential for the respective currency (considering all fundamental and prevailing sentiment factors) to attract liquidity and grow for the day (and vice versa).
🔹 Given that price changes in the market often move towards price equilibrium based on unfolding events, it's crucial to compare the daily changes on the chart with the preceding days.
🔸 A number on the chart exceeding 25 indicates the potential for upward liquidity absorption and growth.
🔸 A number within the range (25-10) suggests weak upward liquidity absorption and growth, and similarly for negative ranges.
✍🏻 Pay closer attention to changes in the liquidity absorption chart compared to previous days. These changes are what drive movements in the market.
#Liquidity #MarketAnalysis
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🌐 Important News in the Forex Market - Tuesday, January 16, 2024
Economic Calendar
⭐️⭐️⭐️ UK Unemployment Rate
- Unemployment Rate (Nov) 🇬🇧
This data measures the percentage of the total workforce that has been unemployed and actively seeking employment in the past three months. Based on previous data, it is expected that the published figure will remain the same as the previous rate of 4.2%.
⭐️⭐️⭐️ German Consumer Price Index (CPI)
- German CPI (MoM) (Dec) 🇩🇪
This data measures changes in the prices of goods and services purchased by consumers. There is a high probability that the figure will be higher than the previous one, exerting a positive impact on the Euro.
⭐️⭐️ Canadian Consumer Price Index (CPI)
- CPI (MoM) (Dec) 🇨🇦
For the Canadian Dollar, we also have the Consumer Price Index data, and it is expected that the figure will be lower than the previous one. There is a possibility that the Core CPI will also be lower than the previous figure.
#News #Forex
Economic Calendar
⭐️⭐️⭐️ UK Unemployment Rate
- Unemployment Rate (Nov) 🇬🇧
This data measures the percentage of the total workforce that has been unemployed and actively seeking employment in the past three months. Based on previous data, it is expected that the published figure will remain the same as the previous rate of 4.2%.
⭐️⭐️⭐️ German Consumer Price Index (CPI)
- German CPI (MoM) (Dec) 🇩🇪
This data measures changes in the prices of goods and services purchased by consumers. There is a high probability that the figure will be higher than the previous one, exerting a positive impact on the Euro.
⭐️⭐️ Canadian Consumer Price Index (CPI)
- CPI (MoM) (Dec) 🇨🇦
For the Canadian Dollar, we also have the Consumer Price Index data, and it is expected that the figure will be lower than the previous one. There is a possibility that the Core CPI will also be lower than the previous figure.
#News #Forex
Fusion Forex Insights
Market Forecast for London Session 16 Jan 2024, Signals are based on High Probability and Wining Rate.
1. XAU/AUD: Strong Buy Potential
2. AUD/USD: Strong Sell Potential
3. NZDUSD: Strong Sell Potential
Trading involves a possibility of losing money therefore all decisions in market speculation are undertaken at your own financial risk.
Market Forecast for London Session 16 Jan 2024, Signals are based on High Probability and Wining Rate.
1. XAU/AUD: Strong Buy Potential
2. AUD/USD: Strong Sell Potential
3. NZDUSD: Strong Sell Potential
Trading involves a possibility of losing money therefore all decisions in market speculation are undertaken at your own financial risk.
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🌐 Important News in the Forex Market - Wednesday, January 17, 2024
Economic Calendar
⭐️⭐️⭐️ UK Consumer Price Index (CPI)
- CPI (YoY) (Dec) 🇬🇧
This data measures changes in the prices of goods and services from the consumer's perspective. In the past year, this data has shown a decreasing trend for the UK, dropping from 10.5 to 3.9. It is predicted that the data will be lower than the previous figure, leading to Pound weakness.
⭐️⭐️⭐️ Eurozone Consumer Price Index (CPI)
- CPI (YoY) (Dec) 🇪🇺
For the Eurozone, we have the Consumer Price Index data, which has dropped from 9.7 to 2.4 in the past year. There is a likelihood that the data will be lower than the previous figure.
⭐️⭐️⭐️ US Retail Sales
- Retail Sales (MoM) (Dec) 🇺🇸
For the US Dollar, Retail Sales data is significant. Based on recent data, it is expected that the figure will be higher than the previous one, exerting a positive impact on the US Dollar. The same possibility exists for Core Retail Sales data.
#News #Forex
Economic Calendar
⭐️⭐️⭐️ UK Consumer Price Index (CPI)
- CPI (YoY) (Dec) 🇬🇧
This data measures changes in the prices of goods and services from the consumer's perspective. In the past year, this data has shown a decreasing trend for the UK, dropping from 10.5 to 3.9. It is predicted that the data will be lower than the previous figure, leading to Pound weakness.
⭐️⭐️⭐️ Eurozone Consumer Price Index (CPI)
- CPI (YoY) (Dec) 🇪🇺
For the Eurozone, we have the Consumer Price Index data, which has dropped from 9.7 to 2.4 in the past year. There is a likelihood that the data will be lower than the previous figure.
⭐️⭐️⭐️ US Retail Sales
- Retail Sales (MoM) (Dec) 🇺🇸
For the US Dollar, Retail Sales data is significant. Based on recent data, it is expected that the figure will be higher than the previous one, exerting a positive impact on the US Dollar. The same possibility exists for Core Retail Sales data.
#News #Forex
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Fusion Forex Insights
📈 Key Technical Levels for Gold - January 17, 2024
🔸
- 2055
- 2045
- 2033
▪️
- 2018
🔹
- 2015
- 2004
- 1997
✍️ The most crucial range for Gold on January 17, 2024, is around $2035. As long as Gold stays below this range, the sentiment tends to favor Gold bears. Currently trading around $2020, the immediate support is at $2015, and the significant support for the day on an intraday basis is the $2000 range. From a calendar perspective, central bank members' speeches hold potential importance for the day.
(🔸Resistance 🔹Support ▪️Current Price)
#GOLD
📈 Key Technical Levels for Gold - January 17, 2024
🔸
- 2055
- 2045
- 2033
▪️
- 2018
🔹
- 2015
- 2004
- 1997
✍️ The most crucial range for Gold on January 17, 2024, is around $2035. As long as Gold stays below this range, the sentiment tends to favor Gold bears. Currently trading around $2020, the immediate support is at $2015, and the significant support for the day on an intraday basis is the $2000 range. From a calendar perspective, central bank members' speeches hold potential importance for the day.
(🔸Resistance 🔹Support ▪️Current Price)
#GOLD
Hello Dear Traders;
⚡️⚡️⚡️Market Forecast for London Session 17 Jan 2024, Signals are based on High Probability and Wining Rate.⚡️⚡️⚡️
1. GOLD, Strong Sell Potential
2. AUD/USD, Strong Sell Potential
3. NZD/USD, Strong Sell Potential
4. GBP/AUD, Strong Buy Potential (due to GBP CPI news of today)
5. GBP/JPY, Strong Buy Potential (due to GBP CPI news of today)
Trading involves a possibility of losing money therefore all decisions in market speculation are undertaken at your own financial risk.
⚡️⚡️⚡️Market Forecast for London Session 17 Jan 2024, Signals are based on High Probability and Wining Rate.⚡️⚡️⚡️
1. GOLD, Strong Sell Potential
2. AUD/USD, Strong Sell Potential
3. NZD/USD, Strong Sell Potential
4. GBP/AUD, Strong Buy Potential (due to GBP CPI news of today)
5. GBP/JPY, Strong Buy Potential (due to GBP CPI news of today)
Trading involves a possibility of losing money therefore all decisions in market speculation are undertaken at your own financial risk.