βπ₯#XAUUSD
βοΈMorning, traders! Let's start this day with XAUUSD analysis!
XAUUSD is bouncing inside the rising bearish wedge after a solid dump, meaning the bearish trend might continue. Thus, we suggest waiting until the price breaks the lower wedge's border and opening a SELL trade with the target at 1827.00.
βοΈThis trade will be active only after a breakoutβοΈ
β START TRADING β
βοΈMorning, traders! Let's start this day with XAUUSD analysis!
XAUUSD is bouncing inside the rising bearish wedge after a solid dump, meaning the bearish trend might continue. Thus, we suggest waiting until the price breaks the lower wedge's border and opening a SELL trade with the target at 1827.00.
βοΈThis trade will be active only after a breakoutβοΈ
β START TRADING β
Sharp Tradez_Gurusπππ
Photo
β#MarketNews
π₯°Happy Friday, everyone! Here is news moving the markets right now!
π¨π³China commodity bulls see significant gains when Covid pain subsides, improving consumption in Q2. China remains the world's largest oil, copper, and soybeans importer. Goldman believes that the current momentum in the commodities markets fits in with the long-term bull trend patterns of past cycles and that the commodities markets will enter another bull super cycle.
πTesla loses another 4.5% in the pre-market trading session.
πΊπΈBullard (Fed) stated inflation is likely to decline more slowly than markets expect. He added that the Fed rate is expected to stay higher for a longer time. Moreover, in his opinion, balance sheet cuts will last another 6 to 12 months before the Fed starts considering changes to the QT program.
π΅US dollar index broke above the 104.85 resistance level, which has been holding the price within 16 days. It is a massive bullish signal.
π¨π³China is planning to ease restrictions on developer borrowing, dialing back the stringent βthree red linesβ policy that caused one of the biggest real estate meltdowns in history.
Hit π₯if you want to get the US dollar index analysis ahead of the NFP release!
π₯°Happy Friday, everyone! Here is news moving the markets right now!
π¨π³China commodity bulls see significant gains when Covid pain subsides, improving consumption in Q2. China remains the world's largest oil, copper, and soybeans importer. Goldman believes that the current momentum in the commodities markets fits in with the long-term bull trend patterns of past cycles and that the commodities markets will enter another bull super cycle.
πTesla loses another 4.5% in the pre-market trading session.
πΊπΈBullard (Fed) stated inflation is likely to decline more slowly than markets expect. He added that the Fed rate is expected to stay higher for a longer time. Moreover, in his opinion, balance sheet cuts will last another 6 to 12 months before the Fed starts considering changes to the QT program.
π΅US dollar index broke above the 104.85 resistance level, which has been holding the price within 16 days. It is a massive bullish signal.
π¨π³China is planning to ease restrictions on developer borrowing, dialing back the stringent βthree red linesβ policy that caused one of the biggest real estate meltdowns in history.
Hit π₯if you want to get the US dollar index analysis ahead of the NFP release!
Sharp Tradez_Gurusπππ
Photo
ββ#MarketNews
βοΈ Good morning, traders! This year already gave us lots of great movements in gold, USD, and stocks. Hereβs what will move the market this week and some impactful news of the day:
π All time is GMT+2
1οΈβ£Today: Holiday for the Bank of Japan
2οΈβ£ Tuesday:
12:10 β BOC Gov Macklem Speaks
12:10 β BOJ Gov Kuroda Speaks
16:00 β Fed Chair Powell Speaks
3οΈβ£ Wednesday:
14:30 β Australian CPI y/y
20:00 β 10-y Bond Auction
4οΈβ£ Thursday:
15:30 β US CPI m/m, y/y, and Core CPI m/m
15:30 β US Unemployment Claims
5οΈβ£ Friday:
09:00 β UK GDP m/m
17:00 β US Prelim UoM Consumer Sentiment
π News:
π΅ According to the Marc to Market research, falling US yields slow the USD recovery. The US dollar index is near the support level of 103.40. The breakout may send the currency lower and boost gold and EURUSD
π Speaking of gold, the metal is getting stronger every day, surging to the critical resistance of $1880. This level is vital for traders, and XAUUSD may correct to $1865 soon.
π¦ Bloomberg noted central banks are not giving up on fighting inflation. Global interest rates are likely to remain high over the year. For example, the US Fed stated that it would start lowering the interest rate by the end of 2023 and only if inflation drops to 2%.
π¨π³ Jack Ma is giving up controlling rights of Ant Group Co. This is the parental company of Alibaba. Meanwhile, the stock is 80% up from an all-time low.
π§π· In Brazil, thousands of supporters of ex-President Jair Bolsonaro stormed the countryβs top government institutions. They aim for the resignation of the current President, Lula da Silva just a week after he took office.
π·ββοΈ After Amazon laid off 18 000 workers the last Thursday, Goldman Sachs is laying off 3200 people to optimize the costs.
π How are you feeling today? Letβs make the most of this trading session!
βοΈ Good morning, traders! This year already gave us lots of great movements in gold, USD, and stocks. Hereβs what will move the market this week and some impactful news of the day:
π All time is GMT+2
1οΈβ£Today: Holiday for the Bank of Japan
2οΈβ£ Tuesday:
12:10 β BOC Gov Macklem Speaks
12:10 β BOJ Gov Kuroda Speaks
16:00 β Fed Chair Powell Speaks
3οΈβ£ Wednesday:
14:30 β Australian CPI y/y
20:00 β 10-y Bond Auction
4οΈβ£ Thursday:
15:30 β US CPI m/m, y/y, and Core CPI m/m
15:30 β US Unemployment Claims
5οΈβ£ Friday:
09:00 β UK GDP m/m
17:00 β US Prelim UoM Consumer Sentiment
π News:
π΅ According to the Marc to Market research, falling US yields slow the USD recovery. The US dollar index is near the support level of 103.40. The breakout may send the currency lower and boost gold and EURUSD
π Speaking of gold, the metal is getting stronger every day, surging to the critical resistance of $1880. This level is vital for traders, and XAUUSD may correct to $1865 soon.
π¦ Bloomberg noted central banks are not giving up on fighting inflation. Global interest rates are likely to remain high over the year. For example, the US Fed stated that it would start lowering the interest rate by the end of 2023 and only if inflation drops to 2%.
π¨π³ Jack Ma is giving up controlling rights of Ant Group Co. This is the parental company of Alibaba. Meanwhile, the stock is 80% up from an all-time low.
π§π· In Brazil, thousands of supporters of ex-President Jair Bolsonaro stormed the countryβs top government institutions. They aim for the resignation of the current President, Lula da Silva just a week after he took office.
π·ββοΈ After Amazon laid off 18 000 workers the last Thursday, Goldman Sachs is laying off 3200 people to optimize the costs.
π How are you feeling today? Letβs make the most of this trading session!
βπΊπΈ#USDollarIndex
βοΈGood morning, dear traders!
The US dollar index bounces off the major support at 103.45, while the H1 RSI raises above 30.00. Despite a massive dump on Friday, the US dollar looks solid at the beginning of this week.
βThus, we do not suggest looking for BUY positions in XAUUSD, EURUSD, and GBPUSD. πOn the contrary, these assets might decline if the US dollar index holds the support level.
βοΈAre you bullish or bearish on the USD this week?
β START TRADING β
βοΈGood morning, dear traders!
The US dollar index bounces off the major support at 103.45, while the H1 RSI raises above 30.00. Despite a massive dump on Friday, the US dollar looks solid at the beginning of this week.
βThus, we do not suggest looking for BUY positions in XAUUSD, EURUSD, and GBPUSD. πOn the contrary, these assets might decline if the US dollar index holds the support level.
βοΈAre you bullish or bearish on the USD this week?
β START TRADING β
Forwarded from VIP Sharp Tradez_Gurus πππ
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