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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.