Macro theme:
- At the Jul meeting, most policymakers suggested easing policy in Sep would be appropriate if the data aligned with expectations.
- Bets on more rate cuts grew after US Nonfarm Payrolls were revised down to 820K, raising doubts about the labor market's resilience to higher rates.
- Investors are now waiting for Fed Chair Powell's speech on Friday for guidance on the interest rate outlook, keeping markets stable for now.
- Meanwhile, geopolitical tensions in the Middle East continue to drive gold prices higher.
Technical theme:
- XAUUSD is still trading above the EMA21, indicating solid upward momentum persists.
- If XAUUSD extends its gain, we can watch the 2.0 Fibonacci extension, which is around 2555.
- On the contrary, if XAUUSD retraces before continuing, we must watch for 2480 and a lower level at 2431 before attempting any go-with-trend trades.
- At the Jul meeting, most policymakers suggested easing policy in Sep would be appropriate if the data aligned with expectations.
- Bets on more rate cuts grew after US Nonfarm Payrolls were revised down to 820K, raising doubts about the labor market's resilience to higher rates.
- Investors are now waiting for Fed Chair Powell's speech on Friday for guidance on the interest rate outlook, keeping markets stable for now.
- Meanwhile, geopolitical tensions in the Middle East continue to drive gold prices higher.
Technical theme:
- XAUUSD is still trading above the EMA21, indicating solid upward momentum persists.
- If XAUUSD extends its gain, we can watch the 2.0 Fibonacci extension, which is around 2555.
- On the contrary, if XAUUSD retraces before continuing, we must watch for 2480 and a lower level at 2431 before attempting any go-with-trend trades.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.