The latest data from the World Gold Council (WGC) shows investment demand in the gold market continued to improve in April. The WGC reported a second consecutive month of inflow into the ETF market, amounting to 15 tons worth $824 million. North America continues to lead the global market in investment demand. Last month, North […]
Upside contiunuation in the play on Gold and GBP The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…GBP/USD. April 17th. Inflation in Britain is falling, but… April 17, 2024 […]
There is only one step from the sublime to the ridiculous. After a 72% surge from January to April, Bitcoin became an underperformer in May. It is losing to stocks, bonds, and commodity market assets. At the same time, the decreasing correlation with U.S. stock indices indicates difficulties within the crypto system. And indeed, such […]
Technical analysis: Gold has been trading downside after the yesterday economic data in US but I see that key support at the price of $2.010 is on the test and that there is the chance for the upside rejection. Due to the strong long time-frame upside trend and test-reject of the key support zone, I […]
Crypto Industry News: Real estate remains the preferred long-term investment asset, according to the latest Gallup poll. However, they are falling significantly from last year’s record high of 45% to 34% in 2023. “Higher interest rates over the past year have cooled the housing market, dampening consumer enthusiasm for real estate as an investment,” the […]
Investors also paid attention to macrostatistics. The number of initial claims for unemployment benefits in the US for the week ending May 6th increased by 22,000 from the previous week’s figure, to 264,000. Analysts had expected the figure to increase only to 245,000. At the time of closing on the New York Stock Exchange, the […]
Gold price is trading above the Ichimoku cloud. In Ichimoku cloud terms trend is bullish. However with price breaking below the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator), we get some warnings of a potential move lower. The Chikou span (black line indicator) is close to breaking below the candlestick pattern. This […]
EUR/USD Higher timeframes Yesterday, the situation did not undergo significant changes. The pair remained in the area of attraction and influence of the daily Ichimoku cross levels (1.1017 – 1.0995 – 1.0964 – 1.0933). The main task for the bears in this market segment is the liquidation of the daily golden cross and consolidation under […]
Upside continuation on the Gold in the play… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, 2024 Yen […]
Bloomberg’s forecast for the month of May said gold will outperform other commodities this year, including silver, platinum, and palladium. This is due to rising recession risks in the US. Most likely, the yellow metal will accelerate its rally during the latter half of the year, increasing the gold-to-silver ratio, which is currently around 80. […]
The current week can be called bearish for Bitcoin. The asset fell to the local support zone of $28k, and then continued its downward movement to the important accumulation level near $27.5k. This was accompanied by a constant decrease in trading activity and bearish signals on technical indicators. The main technical reason for this was […]
Crypto Industry News: The latest survey conducted by Goldman Sachs among family businesses shows a decrease in interest in cryptocurrencies. The Family Office Investment Insight Report 2023 surveyed 166 family businesses between January 17 and February 23, 2023. 57% of respondents were based in the Americas, 21% in EMEA, and 22% in APAC. Of the […]
EUR/USD Yesterday’s US data showed a weak decline in inflation in April. The overall and core CPI decreased by 0.1% to 4.9% YoY and 5.5% YoY, respectively, while in the monthly assessment, the CPI grew by 0.4% in each index. What the markets did: Dow Jones -0.09%, S&P 500 +0.45%, almost all European stock markets […]
The price of gold climbed as much as 2,048 today where it has found resistance. Today’s rally was caused by the US inflation data dump and was only temporary. Technically, the price action developed a downside pattern. Now, it’s trading at 2,026 at the time of writing. Fundamentally, the US inflation figures represented high-impact events […]
On Forex, there are always two sides. “Bulls” and “bears.” Winners and losers. Fear and greed. And now, the market is divided into two camps. Some argue that the U.S. economy will slide into a recession, and the Fed will make a “dovish” pivot. This gives reason to sell the U.S. dollar. Others, on the […]
Undoubtedly, the focus of investors today is the publication of fresh inflation data in the United States: at 12:30 (GMT), consumer price indices will be published. As we noted in our previous review, consumer prices account for a large part of overall inflation. Rising prices force the central bank to raise interest rates to curb […]
Gold price is trading around $2,024. According to the Ichimoku clodu indicator daily chart trend remains bullish as price is still above the Kumo (cloud). Both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator) are below current price and provide support at $2,024. The Chikou span (black line indicator) remains above the […]
Our main forecast involves betting on further growth of XAU/USD. In the current situation of uncertainty, cautious investors prefer to stay “in gold.” Its quotes last week and the day after the Fed meeting jumped to a new record high of 2077.00, updating the March high of last year at 2070.00. Subsequently the XAU/USD pair […]
Volatility in gold is set to increase as market expectations sharply contrast with hints from the Federal Reserve about future monetary policy and interest rate trajectories. However, one market analyst said that investors could take advantage of the current situation to establish long-term positions. Degussa Chief Economist Thorsten Polleit said the current price is suitable […]
Gold’s retreat from record highs has not diminished the ranks of its fans. According to BCA Research models, the precious metal should already be trading at $2,200 per ounce, as the dollar is overvalued by 20%. Citi predicts prices will rise to $2,400, citing strong demand for physical assets and the weakening of the Federal […]
Technical analysis: Gold has been trading upside yesterday and today there is the intraday morning pullback, which can be a good area for potetnial upside continuation. Due to the strong upside cycle on the Gold and test-reject of the intraday support at $2.029, I see potential for the further growth towards upside references. Upside objectives […]
Crypto Industry News: The crypto community has been receiving constant news lately about big players launching new blockchains. No wonder – the global blockchain market is developing dynamically, and analysts predict that its value will increase dramatically by the end of this decade. Recently, Coinbase announced the launch of its own Base network, this time […]
Early in the European session, Gold (XAU/USD) is trading around 2,031.50 above the 21 SMA and 200 EMA with a bullish bias. The XAU/USD pair consolidates around 2,030 in anticipation of the US CPI report. On the 4-hour chart, we can see that gold has formed an uptrend channel since April 13. There is a […]
At the close on the New York Stock Exchange, the Dow Jones fell by 0.17%, the S&P 500 index dropped by 0.46%, and the NASDAQ Composite index depreciated by 0.63%. Among the growth leaders in the Dow Jones components at the end of today’s trading were shares of Boeing Co (NYSE: BA), which rose by […]
Early in the New York session, Gold (XAU/USD) is trading around the 21 SMA and above the 200 EMA. We can see on the 4-hour chart that since the last bearish cycle gold has rebounded towards 38.2% of Fibonacci. This is a sign that it could resume the bearish cycle if it consolidates below 2,030 […]
Potential for the upside continuation on the Gold and GBP…. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, […]
Blue lines- bullish channel Black line- bearish RSI divergence Gold price is bouncing higher after Friday’s sell off towards $1,999. Gold price is trading now at $2,030 and trend remains bullish as price continues making higher highs and higher lows. Current market conditions suggest that a pull back towards $1,940 area is justified, but so […]
Technical analysis: Gold has been trading upside this morning and I found rejection of the key support zone at $2.000 in the background, which is good sign for the further upside movement. Due to the strong upside cycle on the Gold and test-reject of the key support zone, I see potential for the growth towards […]
Gold price is trading around $2,020. In Ichimoku cloud terms trend remains bullish with price still above the Kumo (cloud). Price is between the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator). The kijun-sen provides support at $2,014. A daily close below this level would be a new sign of weakness and will […]
The latest gold survey shows that bearish sentiment has a slight advantage among Wall Street analysts. Retail investors, on the other hand, maintain significant optimism. The mixed sentiment has arisen due to the fact that the gold market ended last week above $2,000 per ounce but dropped significantly from its test of historical highs. Analysts […]
